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Amey: Pensions

31 October 2014

Update for members on Railway Pensions Scheme (RPS) consultations

 

Survey Results

Thank you to those members who responded to our survey the key feedback from those that responded was as follows:

· 97% of respondents wanted to keep Non protected staff within the RPS

· 72% of respondents in favour of TSSA’s counter proposal as outlined in our last communication based on a Pay cap of CPI or 2% whichever is greater as compared with 17% in favour of the Ameys proposals of RPI up to a maximum of 2% and 11% wanting something much better

· 63% of respondents in favour of being balloted for industrial action including both Strike and action short of strike,30% in favour of being balloted for industrial action short of strike (therefore 93% in favour of being balloted for some form of action should Amey not improve the offer)

Your representatives considered this feedback and the feedback from the recent Pensions roadshows and whilst there are some within the Owen Williams section of the RPS who feel that there should be no further change in the cap we have to recognise the fact that Amey is also prepared to consider:

· Retaining Non protected staff within the RPS until after the 2019 valuation

· Not increasing contributions or changing the benefits of the pension scheme until after the 2019 valuation

· Guarantee that they will never claw back the employers increases to National insurance as a result of legislative changes in 2016 related to contracting out

· And the other caveats that TSSA proposed

Therefore taking all of the feedback into account we believe that we must respond back to Ameys’ consultation pushing for our original counter proposal to be accepted, we will of course still be open to talks before the close of the consultation exercise on 26 November but if we do not receive a positive response then we will of course have to consider our options.

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