RPI to CPI Early Day Motion 1032

Goldwing1

But what are the BT unions doing?

!!!!!! all as usual I guess.

Haybob

Not strictly true Goldwing 1, Tony Cox from Prospect appears to have been very active in fighting this injustice:

http://rel01.glcoord.org/index.php/pension-cut

As for the CWU who must represent the majority of affected pensioners, there seems to be a deafening silence, although I understand that they have been active representing the postal pensioners over the injustice

Aberdeenangarse

Ripoff wrote: »

After the crushing defeat of the LD's in the Local Elections
Let them know how you really feel, don't hold back.

Hardly a crushing defeat for the Conservatives. The LD's will now do what they're told, as the won't want to lose their jobs in the Cabinet,as they want to make sure they'll enjoy another four years there before they go :rotfl:

MEY_3

An interesting perspective. My take on it is that a very weakened LD party actually gives the Tories a problem too. They need the LDs to remain a working government. The LDs have little left to lose. If they benignly go along with the Tories even their most ardent supporters may desert them at the next General Election. If they quit government they'll have no chance to show they had taken the right stance in going into coalition, and may well get wiped out yet again. This means their only option is to stay in government and be more robust in fighting their corner and doing what they should have done from the first - resisted the government's more harebrained policies.
So we may have more conflict or more compromise, which may lead to a more moderated government or a very weak one should the LDs walk. We'll have to wait to see how it pans out, won't we?

teacher_retired

Aberdeenangarse wrote: »

Hardly a crushing defeat for the Conservatives. The LD's will now do what they're told, as the won't want to lose their jobs in the Cabinet,as they want to make sure they'll enjoy another four years there before they go :rotfl:

I doubt the ld's will just roll over and commit political suicide whilst it is true the conservative vote in south england held up well.

It is interesting to note that from what I have been told the conservatives are starting to move a bit and are negotiating on this issue although of course much discussion and hard work lies ahead.

Goldwing1

Haybob wrote: »

Not strictly true Goldwing 1, Tony Cox from Prospect appears to have been very active in fighting this injustice:

http://rel01.glcoord.org/index.php/pension-cut

As for the CWU who must represent the majority of affected pensioners, there seems to be a deafening silence, although I understand that they have been active representing the postal pensioners over the injustice

I didn't reply straight away as I'd never heard of this guy and, having left BT a few years ago, thought I might be out of date. So I contacted a few of my ex colleagues who are still there.

Whilst it's good that someone is carrying on the fight, the reply I got (to a man) was "who"?

Seems the communications industry isn't communicating (Not that I've ever heard that before :rotfl:)

Ripoff_2

All,

Have the BT pensioners seen this? BT Investors could benefit to the tune of £100 billion on RPI to CPI change

May I suggest that ALL BT pensioners affected send the link below, with suitable words and comments to their MP's on how they feel by this act of Daylight Robbery...I am sure your anger will help you compose the right wording.

BT Investors reward is £100bn and the pensioners reward is a loss of 100bn, reduced income and possible poverty, directly thanks to this Tory led Governments action and the betrayal of the LD's in supporting them.....Both should hang their heads in shame, robbing pensioners of their RPI indexing from a PRIVATE PENSION! so the city money men make even more money and take even bigger bonuses...Where does the act of fairness and we are all in this together come in here then? Theft is theft no matter how you try to justify it.

http://www.guardian.co.uk/business/2011/may/12/bt-investors-hope-payout-pension-cut?CMP=twt_fd

Headline: Investors could benefit from a £100bn windfall over the next 15
years following a government switch to a lower measure of pension inflation
that has given BT a £4bn-plus boost to its finances.

Dividends could soar at hundreds of blue chip firms after BT revealed higher
than expected benefits from a ruling that allows it to link annual pension
payouts to the lower CPI measure of inflation.

regards

Ripoff

Goldwing1

E-mail sent and circulated to other BT pensioners.

Old_Slaphead

Ripoff wrote: »

BT Investors reward is £100bn

Pure drivel !

BT is capitalised at £15bn - if there was a potential £100bn windfall the company would be worth significantly more.

BT's "share" is possibly £4bn over the next 15 years (ie approx £250million pa) which is a good deal less than it pays into the scheme at the moment!

But hey, don't let realism get in the way of hyperbole

Ripoff_2

Old_Slaphead wrote: »

Pure drivel !

BT is capitalised at £15bn - if there was a potential £100bn windfall the company would be worth significantly more.

BT's "share" is possibly £4bn over the next 15 years (ie approx £250million pa) which is a good deal less than it pays into the scheme at the moment!

But hey, don't let realism get in the way of hyperbole

It's £100bn over 15 years, and it's higher dividends to the shareholders from the savings, read the article where fund managers are advising investors to buy BT shares, now I wonder why they are doing that????