Errata to LTB 276/20 – Pay Increases and Pension Contributions for the Defined Benefit Scheme in Royal Mail Group
Further to LTB 276/20 circulated on 28th May 2020, Branches are advised that the second paragraph on page two of the aforementioned LTB should read as follows:
As a result of this calculation, pensionable pay contributions for RMPP members went up by 3.3% in April 2019 as this was the inflation figure as of 30 September 2018. However colleagues will recall that basic pay increased by 2% in April 2019, although this figure is still part of the current dispute on the funding formula for the second hour off the working week.
Please accept the Department’s apologies for any confusion/inconvenience this error may have caused.
Any enquiries in relation to the content of this LTB should be addressed to the DGS(P) Department.
Deputy General Secretary (Postal)