Jan tried to close off her Royal Mail pension fund this evening and guess what we found out, she cant close it down and claim a refund on what she has already paid in. All they will do is either suspend it or transfer it to another fund. They have got £2000 ( or CAD$4200 ) of our money and they say there isnt a thing we can do about it. Well we arnt going to give up yet, Jans getting an interview with the union rep tomorrow and see if there is anything we can do. At the very least we will cause a stir because i dont there are many people who know about this little bit of legislation.
Personally i have never trusted company pension schemes, i believe they employ a good many clever scheming "bean-counters" and i dont think they ever have the employees interests at heart. Too many pension schemes have either failed to pay out or the companies have gone under without having the pensions underwritten.
Luckily we wont lose it completely because its transferable over to Canada but thats no the point. We are going to send Alan Leyton (Royal Mail Big Boss) a nice little email this weekend and let him know exactly what we thing of his company.
Good news is the rains stopped (for now)
Comments yes I have alot.....
ReplyDeleteRoyal Mail, Alan Leyton is only in this for the money and the posties are not to blame nor or the management team, everyone is having their pensions taken away and yet dear Mr. Alan seems to be making a mint, probably so he can invest in DHL and Fed Ex as he has driven the Royal Mail into the ground. Guess he thinks it is like a huge department store,.
Not sure why the government does not step in and slap him down and say adios amigo, oh yeah, right, he has too much money.
Shame on you Alan, and no I am not into last names at this point as your acts of consuming profits against the common folk is worse than they know....