Royal Mail in strike threat
Outrage at closure of pension scheme
ROYAL Mail face the threat a year and retiring at 65, this would of strike action after forcing equate to a loss of £4392 a year. 90,000 workers to take a hit Ray Ellis, the union’s acting in retirement. deputy general secretary, said: “We
The privatised postal giants will not stand by and watch the yesterday confirmed plans to press company abandon the pension ahead with closing their defined promises they made at the time benefit pension scheme. of privatisation.”
Royal Mail said a surplus in the Brian Scott, from the Unite pension fund will run out next year Green gets union, said: “We will study the
£200k pension and the £400million a year they’re implications of today’s announcement paying in would need to soar to £1billion. very carefully and consider all the
The firm said: “We have concluded that options going forward. If we don’t achieve there is no affordable solution to keeping a satisfactory outcome, we can’t rule out an the plan open in its current form. Therefore, industrial action ballot on this issue.” the company have come to the decision that It comes after it was revealed earlier this the plan will close to future accrual on March year that Royal Mail boss Moya Green was 31, 2018, subject to trustee approval.” pocketing a £200,000-a-year pension perk.
The Communication Workers Union said The company put £40,000 into the that on average, employees face losing up Canadian chief executive’s pension fund to a third of their future pensions. but she also gets a £160,000-a-year pension
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