ROYAL MAIL PENSIONS INFORMATION

Dear Colleague,

Royal Mail Pensions

This week members will have received a Pension Booklet from the business explaining the changes to Royal Mail pensions following the Agreement reached with the CWU.

The Booklet provides some detailed illustrations and typical examples for current members of the Royal Mail Pension Plan (RMPP) and the Royal Mail Defined Contribution Plan (RMDCP). To provide clarification following enquiries from members, we set out the options below:

▪All current members of the RMPP will start building up benefits in the transitional Defined Benefit Cash Balance Scheme (DBCBS) from 1st April 2018. This will happen automatically from this date. No action is required by RMPP members.

▪All current members of the RMDCP with at least 5 years’ service in the scheme have the option of a) joining the DBCBS Scheme from 1st April 2018 or b) going to the improved top tier of the RMDCP Scheme. If you wish to exercise these options you need to compete and return the appropriate form to Royal Mail.

▪All RMDCP members with less than 5 years’ service will automatically be moved to the improved top tier of the DC Scheme on the 1st April 2018. (where employees will pay 6% contribution and the company 10%). Members can choose to contribute less if they wish to.

Yours sincerely,

Terry Pullinger

Deputy General Secretary (Postal)

18LTB127-Royal Mail Pensions

UN ANTI-RACISM MARCH – 17TH MARCH 2018

Saturday 17th March will see the 7th Annual UN Anti-Racism Day march. The CWU has always been a great supporter of any events organised by Stand Up to Racism and we are expecting a huge show of support from the trade union movement. It would be great to see our Branches and Regions attending this important occasion. You will be joining the CWU’s Race Advisory Committee who will have representatives present on the day.

The march starts at 12 noon but we would encourage you to get there slightly earlier. The CWU meeting point is the entrance to the BBC Broadcasting House, Portland Place, London W1A 1AA. The nearest stations are: Oxford Circus and Regent Street.

 This event is being supported globally with sister events taking place across the EU and America. Further information can be found on the Unite Against Fascism website by clicking Here

Any enquiries on the above LTB should be addressed the General Secretary’s Office gsoffice@cwu.org.

Yours sincerely

Dave Ward  

General Secretary  

18LTB126 UN ANTI RACISM MARCH 17TH MARCH 2018

View Online