Royal Mail Pensions
Category: Careers & Work
Contents (Jump to Section)
Introduction
This resource is designed to explain the different Royal Mail pensions that CWU members might be enrolled in.
It will explore, how the current situation evolved and help you to identify which pensions you may have benefits in.
Basic Definitions
Before we get started, it is useful to know a few basic definitions that will be used throughout. Please click on the video below. (The video opens in a viewer. Once you have finished click the white cross to close it.)
The Evolution of Royal Mail Pensions
Click on play to see a video explaining how Royal Mail Pensions have changed over time. (The video opens in a viewer. Once you have finished click the white cross to close it.)
You can also click on the following to download a booklet with more information on Royal Mail Pensions.
If you would prefer an illustrated walk-through of the pensions timeline, click here. This will open in a new tab.
Which Pension(s) Am I In?
The evolution of Royal Mail Pensions can make it difficult to know which pensions you have benefits in. This tool will help you to find out and direct you to the relevant information.
Click start and then answer the simple questions to identify the pensions relevant to you.
If you would prefer an illustrated walk through of of the pensions flowchart to identify which pension(s) you are in, click here. This will open in a new tab.
A note about using this guide
Please remember any monetary values given are for illustrative purposes only.
The resources within this guide are intended to be a clear and simple summary to help CWU members who work for, or have worked for, Royal Mail Group (RMG) with their retirement planning.
CWU cannot provide you with financial advice. These materials are designed for information only and should not be seen as providing financial advice. If you are unsure about making decisions about your pension, you may want to take advice from an independent financial adviser. You can find an independent financial adviser at: www.moneyhelper.org.uk by selecting ‘Pensions & retirement’ from the main menu and then ‘Find a retirement adviser’.
We have tried to be accurate without using a lot of legal terms and pension jargon. The videos and booklets contained here, summarise RMG’s pensions arrangements – based on information at the current time. Further and up-to-date information can be found on the Royal Mail’s dedicated pensions websites (the website addresses for each can be found in the relevant booklets in this set or at: www.myroyalmail.com/pensions) and in the personal statements that set out your individual entitlement. These will apply in the event of any difference.