POST OFFICE: POST OFFICE PENSION PLAN (POPP) – SCOTTISH WIDOWS DEFINED CONTRIBUTION SCHEME – ANNUAL STATEMENT

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:

www.scottishwidows.co.uk/save/postoffice/

Yours sincerely

Andy Furey

Assistant Secretary

LTB 211/21 – Post Office – Post Office Pension Plan (POPP) – Scottish Widows Defined Contribution Scheme

Joint Statement May 2021

View Online

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a website or blog at WordPress.com

Up ↑

%d bloggers like this: