Pensions

Dear Colleagues,

TFL PENSION FUND - INDEPENDENT REVIEW

Further to my previous email, 8th September 2021, I can advise that following the publication of the First Stage of the Call for Evidence document in respect of the TfL Pension Fund review the staff side of the Pensions Working Group (PWG) were invited to respond to this consultation.

To remind you the PWG is made up of the recognised trade unions across LUL, and TfL management. The purpose of the PWG is to discuss matters in relation to the TfL Pension Fund.

Dear Colleague,

IMPORTANT INFORMATION:

TfL PENSIONS CONSULTATIVE COMMITTEE (PCC) ELECTIONS

SECTION TWO (TfL EMPLOYEES) & SECTION THREE

Further to my email of 9th September 2021, please be advised that RMT member Alexandra Barnes will be defending her Section One seat in the forthcoming PCC elections. I would therefore encourage you to vote for Alexandra once you receive your ballot paper for the PCC, Section One constituency.

Dear Colleague,

IMPORTANT INFORMATION: - TfL PENSIONS CONSULTATIVE COMMITTEE (PCC) ELECTIONS - SECTION TWO (TfL EMPLOYEES) & SECTION THREE

If you are a member of the TfL Pension Fund you will shortly be receiving a Ballot Paper asking you to vote for your preferred candidates in the Section Two (TfL employees) and Section Three PCC elections.

Dear Colleagues,

TFL PENSION FUND – INDEPENDENT REVIEW

I refer to my previous Circular NP/282/21, 2nd August 2021, following further joint Trade Union meetings to discuss the TfL Pension Fund review the attached pensions leaflet has been drafted to keep all our members across LUL fully engaged and updated on developments.

This leaflet can be read by clicking on the following link https://bit.ly/2Vn3V0v

I would ask that you bring this leaflet to the attention of as many members as possible.

RMT launches campaign to defend TfL pension scheme and declares no confidence in review process. Transport for London union RMT announced today that it is launching a campaign to defend the TfL pension scheme in the wake of revelations of how the company intend to process and conduct their pension fund review. Instead of a pension review, RMT is calling for an investigation, with the full involvement of all recognised trade unions, into the systemic transfer of TfL funds to the private sector.

• Please download the attached Newsletter to read. You can also distribute in your London Underground workplace.

LU quietly announced last week that our terms and conditions, framework agreements and pensions are under scrutiny: On 22 July, at an all union meeting LU management made clear they have entirely accepted the Tories’ terms - that tube workers, and not the government must make up for the massive budget deficit caused by the pandemic.

Dear Colleagues,

TFL PENSION FUND - INDEPENDENT REVIEW

Further to my email of 15th July 2021, the RMT has today received the Terms of Reference document from Transport for London setting out how they intend to process and conduct the review into the Transport for London Pension Fund. Your National Executive Committee will consider this matter and I will update you accordingly.

Central Line East News is produced by activists if Central Line East branch.

In this edition:

- Covid in the Workplace
- Pensions Under Attack
- branch meeting details

Please download the attached newsletter for more info.

Dear Colleagues,

TFL PENSION FUND - INDEPENDENT REVIEW

You will be aware that the RMT sent an email to our LUL members on 4th January 2021 outlining our disgust and opposition to the findings of the Independent Panel Review in respect of the TfL Pension Fund. As you will recall the Independent Panel Review makes the assumption that the TfL Pension Fund is expensive, outdated and must be reformed, a suggestion that this union totally rejects.

LONDON TRANSPORT UNION RMT today wrote to London Mayor Sadiq Khan demanding that he come clean on what plans TfL are putting to the government in order to secure more funding in March. 

As part of the deal made at the end of last year, Sadiq Khan agreed to submit to the DfT proposals for returning the body to ‘financial sustainability’ following the devastation of its finances by the Covid-19 pandemic. This plan was submitted to the DfT yesterday but unions have not yet seen them.