This letter was sent to members of the RMPP in the RMG section.
Royal Mail wrote to employee members of the RMPP at the end of February 2018 advising of changes to benefits, which came into effect on 1 April 2018. The new scheme within the RMPP is called the ‘Defined Benefit Cash Balance Scheme (DBCBS)’.
Employee members can choose to remain in the RMPP or join the Royal Mail Defined Contribution Plan. The Trustee has been working with its independent advisers to understand the provisions of the DBCBS and has agreed the Rule amendments with Royal Mail. The attached letter from the Chair of the Trustee explains the changes to benefits, as well as important changes to data privacy and how they affect you.