Royal Mail pension scheme gets green light


The CWU communication workers’ union has welcomed the government’s promise to allow the CWU/Royal Mail Collective Defined Contribution pension scheme to go ahead (see Workplace Report, December 2018). 


The CWU pushed the idea of introducing such a scheme in Royal Mail and developed it with the employer. However, such a scheme requires enabling legislation to be put into practice.


Following consultation, work and pensions secretary Amber Rudd has promised to bring legislation forward when parliamentary time allows.

https://www.cwu.org/news/royal-mail-cdc-pensions-major-milestone-of-progress

https://www.royalmailgroup.com/en/press-centre/press-releases/royal-mail-group/royal-mail-pension-update-government-commits-to-legislate-for-cdc-pensions