LTB 475/20 – ROYAL MAIL: RMPP AND RMSPS ANNUAL PENSION STATEMENTS

No. 475/2020

29^th September 2020

Dear Colleagues,

ROYAL MAIL: RMPP AND RMSPS ANNUAL PENSION STATEMENTS

Branches and Representatives are advised that the annual pension statements (as at 31^st March 2020) for members in the Defined Benefit (DB) pension scheme (closed on 1^st April 2018 for Royal Mail members) are due to arrive in the coming days as follows:

• Royal Mail Pension Plan (RMPP) – Newsletter and statement from the RMPP Trustee for benefits built up between 1^st April 2012 and 1^st April 2018 when the scheme closed for Royal Mail members. This statement is consistent with previous publications.
• Royal Mail Statutory Pension Scheme (RMSPS) – Newsletter and statement for all benefits built up before 1^st April 2012 (the date of the privatisation of Royal Mail, at which point the Government took over the scheme). The RMSPS is now administered by Capita.

A sample – “template” statement for each of the above is attached to this LTB for your information.  We are sharing these statements to alert you to this development. It should be noted this is the first time former DB scheme members will receive two separate statements since the Government awarded the contract to administer the RMSPS to Capita.  Both statements give a clear definition as to which areas of members’ pensions are covered.  In addition, the RMPP Trustee has taken the positive initiative to launch a revamped website which includes some short video animation “explainers”.  One of these will be focusing on “understanding your benefit statement” and is intended to help guide members through the new documents and help them understand the separation and distinction between RMPP and RMSPS.  The link is as follows:

https://www.royalmailpensionplan.co.uk/section-ab/media-library

If members have any questions regarding their pension statements, please direct them to the following:

Any enquiries in relation to the content of this LTB should be addressed to the DGS(P) Department.

Yours sincerely,

Andy Furey

Acting Deputy General Secretary (Postal)

20LTB475 – ROYAL MAIL – RMPP AND RMSPS ANNUAL PENSION STATEMENTS

LTB 475.20 ATTACHMENT 1

LTB 475.20 ATTACHMENT 2