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Since the Pension Schemes Act 2021 received Royal Assent back in February, the CWU and the company have been working though plans to introduce the new Royal Mail Collective Pension Plan. And the mailouts to members represent another significant milestone in this process, the statutory 60-day consultation – which is a legal requirement before new. 08 Feb <b>2022</b>,. Royal Mail paid out £400m to shareholders and recorded a £311m profit in 2021, Unite claims. Nonetheless, it plans to cut 700 jobs and slash pay by up to £7,000 in the midst of a cost of living. We’re pleased to advise that the benefits built up in the Cash Balance fund as at 31 March 2021 for current employees (or those who left since 1 April 2018) were increased on 1 April 2022 by 4.6%. This met RMG’s aim of providing an increase above inflation (based on the CPI measure of 3.1%).
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