Pension Proposals Rejected

Dear Colleague

PENSION PROPOSALS REJECTED

The Postal Executive met this week and rejected the formal proposals from the Royal Mail Group and Post Office Limited for further pension changes.

The Union communicated this position to both companies and reaffirmed that any attempt by either company to take executive action on pensions will be met with a national industrial action ballot across the postal constituency.

The Postal Executive has agreed that once the companies trigger the legal consultation process we will arrange a Special Conference. However, the purpose of this Conference will be to consider the overall position in all national talks and privatisation, as well as pensions. By recognising the linkage between all of these issues we will place ourselves in the best possible position to protect our members and the future of UK postal services.

In the meantime, the Union has met with our lawyers to consider the legality of the proposals and the actions of the Trustee Board and Government. The lawyers are also looking closely at the European Commission’s ruling on the granting of state aid.

Finally, we will be seeking support from political parties to raise this issue in parliament and ensure there is a thorough enquiry into the whole question of this latest pension development, its linkage to the previous Government settlement and European state aid.

Further information will follow in due course. Any enquiries on the above LTB should be addressed to the DGS (P) Dept.