employee rewards & benefits news 
 
You are currently viewing our articles from:
 
Subscribe to Newsletter Previous Article Next Article
02-Apr-08 10:15 [Pensions]
Postal workers reject pension scheme changes
The Communications Workers Union (CWU) has revealed that postal workers in the UK are considering strike action if the Royal Mail does not change the proposed alterations to their pensions scheme.

In a ballot of CWU members, 92 per cent of workers voted to reject the pensions scheme proposals.

Dave Ward, deputy general secretary of the CWU, said: "The result of this ballot clearly demonstrates that Royal Mail's pension consultation was a sham. With such overwhelming opposition to their plans, if Royal Mail can't find an acceptable solution with the CWU, industrial action will be inevitable."

Royal Mail has already implemented the changes, and claims that the union agreed to them last year.

Less generous schemes for existing staff and new employees are part of the changes as well as retirement being set at 65 instead of 60.

The CWU was formed in January 1995 and with 250,000 members, is the largest communications union in the UK.




The job evaluation scheme of the NHS, Agenda for Change, was confirmed as unreliable in providing evidence of a job's previous value, it has emerged. Find out more>
High-street retailer Marks & Spencer (M&S) is planning to cut redundancy benefits for 60,000 staff, with the possibility of up to 25 per cent being wiped from the maximum claim, it has emerged. Find out more>
Pension credit rises will be wiped out by inflation, resulting in two million pensioners losing up to £100 this year, it has been claimed. Find out more>

Search our news archive:
The views and recommendations in this publication are those of Thomsons Online Benefits and have been obtained from a variety of sources. While we believe that our sources are reliable we cannot guarantee that the information in this publication is accurate and it may be condensed or incomplete. thomsons online benefits ltd is authorised and regulated by the Financial Services Authority.

 
© 2005 - 2008 thomsons online benefits
http://www.thomsonsonlinebenefits.com
Printed: 20 August 2008