Is Royal Mail pension still first class?

[TrueBlueTerrier]

https://www.theguardian.com/business/20 ... ding-davos" onclick="window.open(this.href);return false;

You might have missed last year’s Pension Scheme of the Year Awards, so here’s a recap: the Royal Mail scooped a hat-trick of gongs for: defined benefit scheme of the year (asset value of over £2.5bn); defined benefit communications (private sector); and best administration.

“Don’t worry, we’re not letting it go to our heads,” the Royal Mail Pension Plan gushed at the time. “While we’re thrilled to win these awards, our focus remains on continuing to improve member outcomes through improving our performance.”

Royal Mail staff will no doubt be soothed by those words as they study the group’s trading statement this week, which comes against the backdrop of a potential strike. The company has said it’s considering shutting its final salary pension scheme as, despite a huge surplus, the fund is supposedly running out of cash. So while the trustees might be dedicated to enhancing “member outcomes”, the firm is targeting the opposite.

Or as Terry Pullinger, deputy general secretary for postal at the CWU, puts it: “So we move from shadow boxing to the ring, and negotiations will now begin in earnest ... However, any attempt to introduce any unagreed change by the business would be met with an industrial action ballot.”

[trythat]

Nice one!!, I'd like this to be used in emails and personal post that the CWU send out. It would also be a good qoute to use in the same respect as the Tories did about Labour leaving no money as they did every chance they got.