Royal Mail Pension

custardy

http://www.mirror.co.uk/news/top-stories/2009/02/28/shameless-royal-mail-doubles-pension-cash-for-fat-cat-boss-to-s3m-a-year-115875-21160740/

jackiegibbo

Well that post has made me really mad custardly!!!!!!!!!!!!!!
I hope he chokes on his pension

mazza111

seen this in the Daily Record this morning, £6m into their pension fund? Anyone feel up to some strike action again?

Sorry, am needing my spring holiday :p

jackiegibbo

cant imagine getting much support in our office for a strike

custardy

now is not the itme to be striking
we have nothing to strike for
just do the job your are paid for and expected to do
come in on time
take your break
keep your bag weights in the matrix etc etc

annie_tanks

All cival service final salary pension people have not contributed enough to cover the deficit,owing to the government afraid to tackle a highly unionised public sector,and ask the people to pay more to cover the deficit.Its been an unrealistic stand of,whereby the unions consider it a right that there should be this final salary pension,as part of a pact for having..erum..lower wages,in the public sector.Now I paid,when I was employed,20% of my wages into an occupational pension scheme that is not guaranteed and is now worthless.The government will have to tackle this subject and possibly selling of these toxic pension debts,that Im sure as a taxpayer we will have to foot the bill ,alongside Sir Fred Goodwins pension.I hold out little hope for private people pensions,and if you are in the public sector with a final salary pension..words cannot express how grateful you should be.You will be the only ones with money in retirement.

custardy

annie_tanks wrote: »

All cival service final salary pension people have not contributed enough to cover the deficit,owing to the government afraid to tackle a highly unionised public sector,and ask the people to pay more to cover the deficit.Its been an unrealistic stand of,whereby the unions consider it a right that there should be this final salary pension,as part of a pact for having..erum..lower wages,in the public sector.Now I paid,when I was employed,20% of my wages into an occupational pension scheme that is not guaranteed and is now worthless.The government will have to tackle this subject and possibly selling of these toxic pension debts,that Im sure as a taxpayer we will have to foot the bill ,alongside Sir Fred Goodwins pension.I hold out little hope for private people pensions,and if you are in the public sector with a final salary pension..words cannot express how grateful you should be.You will be the only ones with money in retirement.

bearing in mind RM no longer have a final salary pension scheme yet it still used as a rod to beat the posties
the posties were paying in while RM used there extended pensions holiday

annie_tanks

Custardly..the older postie members still have a final salary pension..and its these people who morally have to be provided for,even though its this pension scheme alone that has caused the pension deficit.It matters not about the pensions holiday..it comes down to the fact that all public sector final salary pensions schemes are not sustainable these days,or they pay a substantial part of their salary for it and their dependents after death..say 20% and more..and Im not joking either..

custardy

yes but the fact is the pension is closed now
an 18 year pensions holiday is no small amount of money in a company the size of RM.
especially when you considert the profits were not being ploughed back into the business either

annie_tanks

Ah the complex world of the governement as an employer/governement employees and trade unions..most final salary pensions are now closed..good luck if you have one and good on them,as said they are blessed and will be the only ones with money in retirement...