LONDON UNDERGROUND PENSIONS BULLETIN February/March 2025
PENSION VICTORY FOR RMT
On 21 June 2022 over 50,000 RMT members took strike action across London Underground and the national rail network. It was the first national railways shutdown in decades.
LUL has confirmed: No plans are being developed or actively considered by TfL to change the TfL Pension Fund. The TfL Pension review management team has been disbanded. You have successfully defended your pension scheme with no reduction in benefits and no
increase in employees’ contribution rate. RMT was the only union that took action to defend the TfL pension scheme: • •
Together, all grades united, we won 7 consecutive ballots for strike action We took 6 days of all grades strike action.
WHAT THE VICTORY MEANS FOR YOU l All pension benefits remain in place and continue to be based on your final salary l You can still retire at 60 with no penalty l Your pension is inflated by RPI not CPI
l Crucially, any future shortfall in the pension fund must be made up by LUL and not by increasing employee contributions
Keep up the fight for jobs and agreements! The campaign goes on! See back page for more details.