TfL Pension Fund £2billion in surplus

Submitted by Admin on 17 October, 2023 - 02:01

Dear Colleague,

TFL PENSION FUND FUNDING UPDATE - POST 2023 AGM

Following the Annual Members Meeting of the TfL Pension Fund held on 6th October 2023 I can report that we are pleased to be advised by the Trustee's that funding position of this final salary pension schemes continues to remain in excellent shape. I can reveal that based on the latest actuarial report of 31st March 2023 the fund has a surplus of over £2 billion and a funding level of 116.9%. 

Defending jobs, pensions and agreements - ballot papers out today

Submitted by Admin on 13 October, 2023 - 12:23

Dear RMT Member

Defending Jobs, Pensions & Agreements – London Underground

BALLOT PAPERS OUT TODAY

The current industrial action mandate in this dispute will expire in November and therefore it is now necessary to re-ballot you and your colleagues for a historic fifth time in this dispute. It is hugely frustrating. However, if we do not win every ballot, London Underground will have a free hand to attack members jobs, pensions and agreements. We cannot let this happen.

Tube strike action suspended following significant progress made by RMT

Submitted by Admin on 3 October, 2023 - 13:25

Strike action on London Underground has been suspended following significant progress made by RMT negotiators and London Underground Limited (LUL) representatives.

Planned strike action by over 3,000 members on LU stations on Wednesday 4 and Friday 6 will now not go ahead.

Following talks at ACAS, RMT has managed to save key jobs, prevent detrimental changes to rosters and secure protection of earnings around grading changes.

Strike suspended - offer represents significant progress and the elimination or reduction of several threats

Submitted by Admin on 3 October, 2023 - 13:23

Dear RMT Member,

DEFENDING JOBS, PENSIONS & AGREEMENTS – LONDON UNDERGROUND

ALL INDUSTRIAL ACTION IS SUSPENDED

The Union has been in talks with LUL at ACAS and a set of proposals has been received in relation to each area of dispute regarding the Stations Change Proposals. A summary of these items is as follows:

 

Customer Services Resourcing (CSR) – CSA numbers

LUL commits to adding a number of CSAs back into local rosters, comprising:

Tory anti-union minimum service laws will worsen industrial relations

Submitted by Admin on 29 September, 2023 - 17:00

RAIL UNION RMT warned today (Friday September 22, 2023) that the Tory anti-union minimum service laws would if used worsen industrial relations, prolong disputes and lead even more days or strikes and new novel forms of action.

The union was responding to a new Transport Committee report released today challenging the government’s ‘minimum service levels’ regulations for railway strikes. 

London Solidarity March and Rally: 4th October

Dear colleague,

TUC- LESE London Solidarity March and Rally: 4th October

RMT station staff members on London Underground will be taking strike action on 4th October, alongside ASLEF members on the mainline and members from a number of other unions in dispute at the moment. The London, Eastern and South Eastern TUC (LESE) has organised a solidarity march and rally on 4th October. There will be speakers from several of the unions taking action.

Passenger leaflet: Why stations are striking

Submitted by Admin on 29 September, 2023 - 16:09

We provide an essential service to London. Now our employer wants to make us pay for a financial crisis we didn't create with cuts to jobs and conditions, including pensions.

London Underground station staff are striking on 4 and 6 October to fight for an increased staffing level, and to protect our terms and conditions.

  • Please download the attached leaflet to read more. You can also print and distribute it in your station or for your picket line.

London Cycle Hire pay offer rejected

Submitted by Admin on 21 September, 2023 - 18:46

RATES OF PAY & CONDITIONS OF SERVICE 2023 - SERCO LONDON CYCLE HIRE (LUL/0001/SLCHS)

In line with Union policy, a pay claim was submitted to the Company for a substantial increase in rates of pay and improvements to conditions of service. Following negotiations, the Company tabled an offer of 4.25%, effective from 1st April 2023.

Vote YES to demand that car parking facilities at Acton Town are retained

Submitted by Admin on 21 September, 2023 - 18:45

REMOVAL OF CAR PARKING FACILITIES, ACTON TOWN DISTRICT DEPOT - LONDON UNDERGROUND (LUL/14/2)

Further to my previous Circular (IR/287/23, 12th September 2023), all members at Acton REW, Acton Town (DSM & ERU), Acton Works and all Train Operator members at Acton Town (District & Piccadilly) are urged to return their ballot paper and vote 'yes' for strike action and action short of a strike to demand that car parking facilities at Acton Town are retained.