Tag: Royal Mail

Decision on Four Post Office Branches

Post Office Ltd announced decisions on the future of four Post Office branches in the Network Change programme for Greater Glasgow, Central Scotland and Argyll & Bute.

The decision follows a six-week public consultation, which ended on 3 March, 2008.

The closures of Pollokshaws, 193 Shawbridge Street, Glasgow; University Stirling, The McRoberts Centre, University of Stirling; Clynder , Victoria Buildings, Helensburgh, and Westmuir Street, 8 Backcauseway, Glasgow, are confirmed today and they will close at the end of April at the earliest.

The four branches replaced four others which were originally proposed for closure as part of the Greater Glasgow, Central Scotland and Argyll & Bute Network Change Area Plan: Cultenhove in Stirling, Auchenback in Barrhead, and Kelvindale and Hyndland in Glasgow. They were withdrawn as a result of feedback received during consultation, which ended on 3 December 2007.

The four closures today means that a total of 44 branches will close under the Greater Glasgow, Central Scotland and Argyll & Bute Area Plan. Post Office services in the area will be provided through a network of 265 branches, including 3 outreach services through a mobile post office. This network supports the national accessibility criteria introduced by the UK Government and ensures that 99.9% of this area’s population will either see no change to their existing branch or will remain within one mile (by road distance) of an alternative branch.

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Royal Mail to close final salary pension fund

The Royal Mail said on Thursday that it would close its final salary pension scheme to new members from the end of this month.

The Royal Mail’s pension scheme is the UK’s largest corporate pension scheme by membership, with 45,000 members. But longer life expectancy and a sharp rise in pension costs has forced the state-owned postal group, which lost its 350 year monopoly on postal services in 2006, to close the scheme.

The proposal to close the pension scheme, which has a 5 billion pound deficit, to new members was initially bitterly opposed by workers and prompted them to strike, but was subsequently agreed with unions as part of a wider agreement on pay and modernisation.

From April 1 the pension scheme will move to benefits based on the average earned by employees during their career, rather than their final salary.

Royal Mail will launch a new defined contribution salary scheme in April 2009.

Postal workers will continue to take their pension from the age of 60 until April 1, 2010 when the retirement age will rise to 65.

After that date it will be possible for postal workers to draw a pension at the age of 60 on benefits they accrued before April 1, 2010 while continuing to work until they reach the maximum level of benefits, Royal Mail said.

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Pension changes to take effect after approval by Trustee

Royal Mail today confirmed that changes to its Pension Plan would take effect on April 1 following approval to amend the Plan from the Trustee. Earlier today, Royal Mail and the Trustee signed a deed of amendment which gives effect to the changes to the Plan.

The changes, which follow extensive talks with unions and employee representatives since last April, had also been agreed last year by both the CWU and Unite as part of wider agreements with each union on pay, modernisation and pension reform. A formal consultation period with all affected members closed on 16 January this year.

The key pension changes now agreed are:
• The Plan will close to new members from 31 March 2008.
• All pensions and benefits earned before 1 April 2008 will still be linked to final salary at the time of retirement.
• From 1 April 2008, benefits building up for employee members of the Plan will be earned on a Career Salary basis.
• New recruits joining the company after 31 March 2008 will be able to begin paying contributions to the new plan after they have worked for the company for a year.
• A new defined contribution plan will be launched in April 2009.
• Employees can continue to take their pension on reaching 60 but the normal retirement age will increase to 65 for benefits earned from 1 April 2010.
• From 1 April 2010 it will be possible to draw pension earned before the change to normal retirement age at 60, and continue working while still contributing into the Pension Plan until the maximum level of benefits has been reached.

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Hampshire And The Isle Of Wight Post Office®Branch Decision – Decision announced on Whitsbury Post Office following additional consultation

Post Office Ltd today announced a decision on the future of the final Post Office® branch proposed for closure in the Hampshire and the Isle of Wight plan following a six week public consultation which ended 3 March. Post Office® services across the area will be provided through a network of 300 branches, which supports the national accessibility criteria introduced by the Government and ensures that over 99% of the Hampshire and Isle of Wight’s population will either see no change to their existing branch or will remain within one mile (by road distance) of an alternative branch.

In a decision announcement made by Post Office Ltd on 9 January it was confirmed that Goodworth Clatford Post Office branch, originally proposed for closure would remain open. In the same announcement Post Office Ltd confirmed consultation on a new proposal that instead of replacing Whitsbury Post Office branch with an outreach service, the branch should close without a replacement outreach being established. The branch has very few customers making it very difficult for an outreach service to be viable for a core Sub postmaster. With no other retail outlets in the community, residents already leave the area for their wider shopping needs.

After reviewing the feedback received during consultation on this new proposal Post Office Ltd has decided to proceed with the closure of Whitsbury Post Office Branch.

The decision has been reached after public consultation and Postwatch, the consumer body representing Post Office® customers, has verified the correct consultation procedures were followed.

Full details of all the decisions made in relation to the Hampshire and Isle of Wight area plan and the issues raised during local public consultation are available by visiting www.postoffice.co.uk/networkchange.

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