HITACHI RAIL EUROPE LIMITED – PENSION OPTIONS
ACTION IS REQUIRED IMMEDIATELY
I refer to my email of 1st November 2018 in respect of the pension options being offered to employees who will be transferred from LNER to Hitachi Rail Europe Limited (HRE) on 11th November 2018.
I would remind you that if you do not make a decision by 10th November 2018 you will be enrolled into the HRE Defined Contribution (DC) Pension Scheme and not the HRE section of the Railways Pension Scheme (RPS). You will not get another chance to join the RPS if you do not choose this option. I would remind you that the RPS offers Final Salary benefits.
While ultimately the decision to join the RPS rests with the individual employees, I would remind you that it is almost certain that the level of benefits and security being offered by the RPS will be far greater than those offered in HRE DC arrangement.
If you have not received the relevant information please contact Jindy Laggha on 0207 970 2700 or at jindy.laggha@Hitachirail.com.
Pension option forms need to be sent to:
Payroll and Benefits manager
Hitachi Rail Europe
60 Ludgate Hill
Alternatively you can hand your form into Agnieszka Kanadys (Agnes) at Craigentinny or Chris Pursand or Yasmin Carrillo at Bounds Green.
If you are unable to return your original form by post or in person by 10 November 2018, please email a scanned copy of your signed form to HitachiRailPayroll@Hitachirail.com<mailto:HitachiRailPayroll@Hitachirail.com> by 10 November 2018 and send the original by post to the above address by 17 November 2018.
Lastly I would like to report that further negotiations have taken place with Hitachi on the terms of transfer and a positive session was held on Monday 5th November 2018. The discussions focussed on improvements to the package for Travel Facilities and Pensions. The improved package of measures discussed would bring definite benefits to what has been proposed so far but is subject to confirmation following further liaison with other industry parties. We hope to be able to report definite proposals later in the week.
Be assured that your Union is working hard to secure an improved package on behalf of members transferring from LNER to Hitachi this weekend. Whether that work is fully complete before the transfer remains to be seen but we will continue to press. RMT remains formally in dispute with Hitachi while continuing to negotiate and will report to members on any developments.