POST OFFICE: POST OFFICE PENSION PLAN (POPP) – SCOTTISH WIDOWS DEFINED CONTRIBUTION SCHEME – ANNUAL STATEMENT
Branches and our Post Office members are advised of the following forthcoming activity in relation to their DC pension scheme administered by Scottish Widows:
- The annual statement showing the value of the funds in members’ Defined Contribution POPP with Scottish Widows will arrive on doormats from around the end of May. There is good news in the annual statements as the investments have performed well over the course of the last year and no doubt this will be welcomed by our members.
A Tri-partite statement has been agreed between Post Office, Unite & CWU and is attached to this LTB for your information.
I would like to remind members that as an integral part of the last pay agreement we secured an improvement to the Defined Contribution pension scheme with a new maximum tier of 8% employee and 12% employer. Members can email POL.Pensions@postoffice.co.uk using their Post Office email account to increase their employee contribution to secure a better employer contribution.
Members can also find out more information via the Scottish Widows dedicated Post Office website: