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Network Rail RPS Referendum Result

12 December 2011

The Network Rail RPS referendum ballot has now closed. Although a significant number of you voted to reject the company’s position and in favour of industrial action, the majority voted in favour of accepting the deal.

A Difficult Decision

As outlined in the last circular (http://www.tssa.org.uk/en/Your-union/Your-company/company-pages/network-rail/index.cfm/rps-it-s-your-pension-have-your-say), our National Reps and Pension Champions were in favour of a proposal (since withdrawn) to maintain the existing level of benefits rather than cap pensionable pay and reduce potential benefits for some members.

Since the company withdrew this option and the other trade unions decided to support the company’s “preferred approach”, the only possible means of changing the situation would be through industrial action. While a significant number of you indicated that you were prepared to take this course, the majority voted to accept the “preferred approach”.

Without a mandate for strike action there is no realistic chance that the company will change its position. In light of this, we will write to the company to inform them that we accept the proposed changes to the Network Rail section of the RPS, as set out in our previous communication.

What Happens Next?

Network Rail stated that if they take a unanimous position to the Trustees they will make a one off contribution of £5 million to the RPS. Since this position has now been agreed, the company will take the proposal to the RPS Trustees for approval.

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