TfL Pension fund valuation reveals a surplus of £179 million with a funding level of 101.4%

Submitted by Admin on 11 March, 2022 - 18:55

Dear Colleague,

TFL PENSION FUND - 2021 TRIENNIAL ACTUARIAL VALUATION

I can advise that following 31st March 2021 triennial actuarial valuation of the TfL Pension Fund the draft results reveal a surplus of £179 million with a funding level of 101.4%. This compares to a deficit of £603m recorded at the previous valuation 2018. This is clearly good news not just for members but also the employer and the Government who will not be burdened with having to pay deficit correction payments now the pension scheme is more than 100% funded.

RMT Regional Organiser Interview on Tube strike

Submitted by Admin on 6 March, 2022 - 13:16

Watch RMT Regional Organiser John Leach on BBC Politics today explaining why we took rock solid industrial action in our dispute to defend jobs, pensions and agreements.

"[Tube workers are] the fantastic men and women who kept London moving throughout the pandemic, the front line of the front line, pre-vaccine, losing members throughout that, kept the capital city going."

  • See the interview on BBC Politics here.

RMT condemns the invasion of Ukraine by Russian forces

Submitted by Admin on 4 March, 2022 - 19:52

Dear Colleagues

INVASION OF UKRAINE

A recent Special Meeting of the NEC agreed the following statement regarding theinvasion of Ukraine.

“RMT condemns the invasion of Ukraine by Russian forces and calls for their immediate withdrawal. It is workers and their communities and families who suffer from military conflict and we will do all we can to support humanitarian assistance for displaced people from Ukraine and all those that need it.

We welcome refugees seeking to come to the UK.

Britain Needs A Pay Rise: March and rally

Britain Needs A Pay Rise: March and rally in Blackpool, Saturday 19 March

The trade union movement will be in Blackpool on Saturday 19 March, to send a clear message to the Conservative party spring conference: Britain needs a pay rise!

The Trades Union Congress is organising the day of action in response to the rising cost of living whilst workers' pay is frozen and millions are hit with real terms pay cuts as inflation hits record levels.

The demo is being organised in response to:

Congratulations on rock solid action

Submitted by Admin on 3 March, 2022 - 19:48

DEFEND JOBS, PENSIONS AND AGREEMENTS - LONDON UNDERGROUND

CONGRATULATIONS ON ROCK SOLID ACTION

All RMT London Underground members are congratulated for the rock-solid strike action across the entire network this week. There has been a brilliant show of solidarity and support from you all and you are commended for your commitment to fight against vicious attacks on your jobs and pensions in order to pay for the TfL funding crisis.

Tube strike continues tomorrow

Submitted by Admin on 2 March, 2022 - 21:39
  • Strike action goes ahead on tube tomorrow as planned as RMT accuses Mayor of trying to blame workers for TFL financial crisis.

RMT accused Mayor Sadiq Khan of playing to the gallery, instead of pressuring ministers to deliver a long-term funding deal for TfL, ahead of another 24-hour stoppage on the tube network tomorrow which goes ahead as planned.

Speaking to the media yesterday (Tuesday), Mayor Khan told striking workers to "wake up and smell the coffee" and that industrial action would not make securing a deal with the government any easier.

10,000 Tube workers striking today

Submitted by Admin on 1 March, 2022 - 11:38

No cuts to Tube jobs and pensions

10,000 tube workers are taking strike action today, (Tuesday) after London Underground bosses refused to rule out job cuts and detrimental changes to pensions. RMT said that pickets are out in force at all key locations and that the action ‎is being solidly supported the length and breadth of the tube network.

Un anti-racism day demonstrations

Dear Colleague,

UN ANTI-RACISM DAY DEMONSTRATIONS - 19 & 20 MARCH 2022

To commemorate the UN Anti-Racism Day there will be international protests taking place in cities around the world under the slogan 'World Against Racism & Fascism'. We need to play our part mobilising the anti-racist majority in big numbers to challenge Johnson's racist offensive and the union is supporting the joint events organised by the TUC and Stand Up to Racism over the weekend of 19-20 March 2022:

London          Saturday 19 March 2022