Property News · August 11, 2016

Big cuts for Royal Mail and Post Office workers' pensions


Backlash expected over part-closure of defined-benefit schemes, which companies say are unaffordableNearly 100,000 workers at the Royal Mail and the Post Office are likely to be the earliest victims of the post-Brexit turmoil in markets as the companies plan big cuts to their “simply unaffordable” pension schemes.One manager in his 40s at the Post Office was told that his projected pension at retirement will collapse from £38,000 a year to just £18,000. Continue reading…

Source : theguardian.com
Read more…Big cuts for Royal Mail and Post Office workers’ pensions

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