Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Latest News

Reinstatement of final-salary pension scheme halts strike action

by Personnel Today 25 Jun 2004
by Personnel Today 25 Jun 2004

The
RMT union has suspended planned industrial action after Network Rail agreed to
re-open the company’s final-salary pension scheme to new members.

Around
7,000 signal workers and maintenance staff were set to walk out next Tuesday.

RMT
general secretary Bob Crow said: "Our position has always been that
retaining a final-salary pension scheme that provides dignity and security in
retirement for our members was the key to settling this dispute.

"Our
members will now have the final say, and if they vote to reject the offer, we
will re-ballot for industrial action," Bob Crow said.

Network
Rail has offered to re-open the final salary pension scheme to new employees
upon completion of five years’ service.

That
service would include any agency or sub-contractor service in the rail industry
prior to transferring into Network Rail.

Employees
with less than five years’ service would join a money-purchase scheme, but
would be able to transfer into the final-salary scheme after five years.

The
offer also includes a 3.5 per cent pay increase and the introduction of a
35-hour week by 2006.

By Michael Millar

Avatar
Personnel Today

previous post
Bob Crow resigns from Transport for London board
next post
Government launches NHS Employers’ Organisation

You may also like

More than £1bn of upskilling loan money has...

26 May 2022

Monkeypox advice for employers: working from home and...

26 May 2022

Davos 2022: Upskilling workers necessary to overcome business...

26 May 2022

Strathclyde Business School expands its Degree Apprenticeship offer...

26 May 2022

Personnel Today Awards 2022: Two weeks left for...

26 May 2022

Davos hears that ‘wages can rise’ without creating...

26 May 2022

Burnout afflicts finance sector despite hybrid working

26 May 2022

Sue Gray findings: Party culture during lockdowns approved...

25 May 2022

Employers lack data to make IR35 worker status...

25 May 2022

Biggest national rail strike threatens summer

25 May 2022
  • Strathclyde Business School expands its Degree Apprenticeship offer in England PROMOTED | The University of Strathclyde is expanding its programmes...Read more
  • The Search for Talent: Six Major Employer Pitfalls PROMOTED | The Great Resignation continues unabated...Read more
  • Navigating the widening “Skills Confidence Gap” in 2022, and beyond PROMOTED | Cornerstone OnDemand conducted a global study...Read more
  • Apprenticeships are the solution to your recruitment problems PROMOTED | Apprenticeships have the pulling power...Read more
  • What it really means to be mentally fit PROMOTED | What is mental fitness...Read more
  • How music can help to ease anxiety at work PROMOTED | A lot has happened since March 2020, hasn’t it?...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+