Pensions

Defending and extending your pension rights

Jobs, Pensions & Agreements dispute - join the online briefing

To: All RMT LUL Members

Dear Colleague,

RMT LUL REBALLOT - ONLINE MEMBER BRIEFING - 4PM MONDAY 23RD OCTOBER

Please join an important online briefing for all RMT LUL members about the reballot in our campaign to defend your jobs, pensions and agreements.

This is an opportunity to hear from the lead officers and negotiators about why it is so important to deliver a big YES vote in the reballot and have your questions answered.

If you would like to submit a question for the panel, please do so here by 12pm on Monday at the latest.

TfL Pension Fund £2billion in surplus

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%. 

Pension attack pushed back but campaign of defence continues to build

Dear Colleague,

DEFENDING JOBS, PENSIONS & AGREEMENTS - LONDON UNDERGROUND

Following on from the National Executives Committee decision made on 21st July 2023 to suspend industrial action across LUL, which was due to start on 23rd July 2023, I am giving you further clarification on the progress we have made in respect of TfL pensions.

Joint Trade Union TfL Pensions Working Group (PWG) newsletter update

Dear Colleague,

TFL PENSION FUND - INDEPENDENT REVIEW

I refer to my previous email of 2nd November 2023, I can advise that a further joint Trade Union TfL Pensions Working Group (PWG) newsletter update has been prepared in respect of the independent review into the TfL Pension Fund. The newsletter can be found by clicking on the following link https://bit.ly/3pxa2hy

I will keep you advised of future developments.

Yours sincerely,

Michael Lynch
General Secretary

 

Strike date changed: Strike called as LU management consider pension attack

See an important update here.

19th October 2022

Dear Colleagues,

LONDON UNDERGROUND STRIKE ACTION CALLED

I am writing to advise you that London Underground are continuing their sustained attacks on staff through a program of cuts that includes pension changes, job cuts, and the imposition of new working arrangements.

TfL to identify options to 'save' £100m a year on pension costs

Circular No: IR/195/22                                                         

8th September 2022

Dear Colleagues,

DEFENDING JOBS, PENSIONS AND AGREEMENTS - LONDON UNDERGROUND (LUL/14/2)

Further to my my previous Circular (IR/166/22), dated 10th August 2022, the Regional Organiser has met with your representatives to discuss the funding agreement recently made between the Department for Transport and TfL.

Instead of a recommended approach and implementation plan, pension report is an assortment of attacks

Dear Colleague,

TFL PENSION FUND - INDEPENDENT REVIEW

I refer to my previous correspondence, 2Oth December 2021, you will be aware that Sir Brendan Barber the head of the Review Commission looking into the TfL Pension Fund submitted the final report on 28th March 2022.

RMT Strike and opposition to pension cuts have rocked management’s timetable for 'reform'

  • This text is taken from the attached newsletter. Please download, print and distribute it in your LU / TfL workplace

Strikes and opposition to pension cuts have rocked management’s timetable for so-called reform of our pensions. When Brendon Barber took on the review of the TfL pension fund the terms of reference said he would refine proposals and outline a timetable for implementation by 31 March 2022.