RMT Talks

[Tractor2018]

It's beneficial to members if the lump sum is reduced. The conversion factor which would be applied to the increased funds for an annuity is unrivalled. I'll have some of that, thank you.

 

[muz379]

It's beneficial to members if the lump sum is reduced. The conversion factor which would be applied to the increased funds for an annuity is unrivalled. I'll have some of that, thank you.

A little off topic perhaps ,not all schemes / classes of members have the guranteed 12:1 ratio , conversaion factors otherwise are set by the trustees of the relevant scheme .But that obviously is also only a benefit if the member lives longer than the 12 years , and has planned sufficiently to not need the lump sum .

 

[12LDA28C]

The amount paid in is presumably only fixed in that it’s been agreed between the employer and the union, if circumstances change there will undoubtedly be pressure to adjust it.

The amount paid in is agreed between the employer and the pension trustee. Contributions may need to be increased or decreased dependent on whether a particular section of the scheme is in surplus or deficit.

 

[lordbusiness]

But with a generous railway pension, if they bring in means testing for the state pension I'd be very surprised if you see much of the state pension.

 

[GardenRail]

Thought this thread was about Pay Talks.....?

 

[SCDR_WMR]

Which is why Network Rail RMT members should attend branch meetings and get a resolution put forward to the NEC and Regional Council expressing their dissatisfaction at the time it is taking to resolve this. Some branches have already done it. Perhaps others need to as well!

Indeed, only 2 people from NR attended our last branch meeting and no reports from reps so there was essentially nothing to discuss from a NR perspective. Poor really.

 

[Blackpool boy]

Thought this thread was about Pay Talks.....?

the pay talks also affect your pension contributions

 

[officewalla]

RMT moves transport motion at TUC and welcomes bus announcement

RMT moves transport motion at TUC and welcomes bus announcement

www.rmt.org.uk

Hopefully, someone else is still talking to NR.

“Only by having a fully publicly owned and integrated transport system can we have an industry that benefits workers and passengers alike."

Under BR, workers were relatively poorly paid, rolling stock was, on average, older and fewer trains were scheduled to run.

Is ideological dogma going to get us RPI + 0.5% like we got, ON TIME, for years …. Clearly not !

No instead, you get strikes and, at least, 9 months of delay to pay increases … still when you are at (class) war , you have to have casualties.

RPI is a dead metric. Move on. Never going to get an RPI deal ever again.

 

[GardenRail]

Indeed, only 2 people from NR attended our last branch meeting and no reports from reps so there was essentially nothing to discuss from a NR perspective. Poor really.

Because everyone has been conditioned into believing that they're well paid enough, and it's because NR feels warm and fuzzy.

 

[GRALISTAIR]

Government have only been in power a matter of weeks. I think it’s incumbent upon people to give them a little space to work through these talks so both sides are comfortable. That’s only fair.

Agreed. Fair is fair. All will be good.

 

[Kipperthecat]

RPI is a dead metric. Move on. Never going to get an RPI deal ever again.

I think that was the point I was trying to make … moving on !

 

[Moonshot]

Agreed. Fair is fair. All will be good.

Of course in that same time period. ASLEF have managed to sort out very quickly a deal for drivers......the ballot for which closes next week and is almost certain to be accepted. Money in pay packets during October would be a very good guess imo

 

[GRALISTAIR]

Of course in that same time period. ASLEF have managed to sort out very quickly a deal for drivers......the ballot for which closes next week and is almost certain to be accepted. Money in pay packets during October would be a very good guess imo

And very nice too with Christmas approaching rapidly. RMT will want to wrap it up pretty quickly too for the same reason I guess.

 

[Moonshot]

I ve kind of lost track as to where RMT members are actually up to just now....anyone care to do a refresh on current situation

 

[GardenRail]

I ve kind of lost track as to where RMT members are actually up to just now....anyone care to do a refresh on current situation

Network Rail, stalled, no meetings, nothing. Patience wearing thin.

 

[12LDA28C]

Of course in that same time period. ASLEF have managed to sort out very quickly a deal for drivers......the ballot for which closes next week and is almost certain to be accepted. Money in pay packets during October would be a very good guess imo

That would be optimistic. Given the complex calculations that payroll departments need to make to include people who have changed grade, moved employers, retired or left the industry since 2022 I'd be surprised if any back pay appears until at least November.

 

[KM1991]

I ve kind of lost track as to where RMT members are actually up to just now....anyone care to do a refresh on current situation

TOC staff still waiting on two pay deals, but who knows what’ll happen. No updates for almost 2 weeks. Parliament breaks for conference season soon too. RMT leadership very lenient so far.

 

[Moonshot]

TOC staff still waiting on two pay deals, but who knows what’ll happen. No updates for almost 2 weeks. Parliament breaks for conference season soon too. RMT leadership very lenient so far.

Which must be somewhat worrying for the average RMT member. I also note post 315. In parallel with this, I also understand that the Chancellor has given cabinet ministers until this Friday to come up with a reduced budget for their own departments. This may be having an impact

 

[CFRAIL]

The reality is that if we had a Tory government, RMT would've balloted us by now.

 

[KNN]

The reality is that if we had a Tory government, RMT would've balloted us by now.

It would still be unreasonable so soon after an election.

I don't understand why people seem to expect RMT negotiations to come above everything two months into a new government.

 

[greatkingrat]

It would still be unreasonable so soon after an election.

I don't understand why people seem to expect RMT negotiations to come above everything two months into a new government.

Because they have already settled with ASLEF (and some other public sector workers).

 

[greyman42]

Because they have already settled with ASLEF (and some other public sector workers).

But that was before they dropped the winter fuel payments bombshell.

 

[CFRAIL]

There's growing unrest amongst my RMT colleagues and many have suggested taking strike action

 

[Moonshot]

There's growing unrest amongst my RMT colleagues and many have suggested taking strike action

yes.....there is similar at my depot and the others which i visit. IMO its going to come to that at some point. Absolutely no way should RMT staff be treated any different from ASLEF.

 

[Donny Dave]

Could it be that the government are delaying the settlements with the RMT so that don't have to find the back pay for drivers, other TOC workers and NR employees in 1 huge lump sum, instead, spreading it out over several months?

 

[KM1991]

But that was before they dropped the winter fuel payments bombshell.

Has nothing to do with the RMT, nor is it in the workers interests to fail to secure pay deals because of it. All of this is taking way too long.

 

[KNN]

Because they have already settled with ASLEF (and some other public sector workers).

Doctors and train drivers first seems quite a sensible way to do it.

 

[DMckduck]

Doctors and train drivers first seems quite a sensible way to do it.

I'd probably have given the signallers the money before drivers.

 

[hello]

yes.....there is similar at my depot and the others which i visit. IMO its going to come to that at some point. Absolutely no way should RMT staff be treated any different from ASLEF.

Can’t remember aslef memebers complaining last year when RMT was agreeing a deal for 2022 for there members

 

[dk1]

Can’t remember aslef memebers complaining last year when RMT was agreeing a deal for 2022 for there members

Me neither. We were very pleased for our colleagues. Just hoping we’d be next.