UK - Rail workers are set to strike unless Network Rail guarantees that the jobs, pay, and pension entitlements of 4000 workers will be protected.
The National Union of Rail, Maritime & Transport workers is to ballot members on industrial action unless it receives guarantees that workers jobs and pensions will be protected, after engineering giant Jarvis decided to pull out of its railway maintenance contracts.
Jarvis made its decision in October, and rail and signals maintenance workers will be transferred back to Network Rail in April. The RMT is angry that the Network Rail final salary scheme is being closed to new members next month, and it also wants Network Rail to give full TUPE (transfer of undertakings and protection of employment) rights to members.
Track and signals renewal workers are to be transferred to another undetermined railway maintenance contractor at a later date. Jarvis workers could be transferred to Amey, Carillon Rail, First Engineering, Balfour Beatty, Amec and Serco.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.