TfL Bailout - sign of things to come?

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Prob
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Re: TfL Bailout - sign of things to come?

Post by Prob »

Nurses don't start at band 1. A new staff nurse will start at band 5

band 1 in the last pay review got a huge uplift and most were moved to band 2
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Re: TfL Bailout - sign of things to come?

Post by Johnny Byrne's Boots »

sendô wrote: Thu Jun 30, 2022 2:16 pm ......................

Public sector workers had years of pay freezes and below inflation pay increases. I only ever remember MPs having a pay freeze once, right at the start of austerity.
From what I remember it wasn't a real freeze, just a postponement. When the brakes came off again they awarded themselves an increase for the current year plus the increases they would otherwise have had during the 'freeze'.
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mumbles87
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Re: TfL Bailout - sign of things to come?

Post by mumbles87 »

Big George wrote: Thu Jun 30, 2022 1:55 pm Of course they won't do this because it would mean they couldn't blame Khan for their own mistakes
Letting Boris back near tfl will fully bankrupt it

He did bad enough last time
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Re: TfL Bailout - sign of things to come?

Post by SammyLeeWasOffside »

Prob wrote: Thu Jun 30, 2022 3:52 pm Nurses don't start at band 1. A new staff nurse will start at band 5

band 1 in the last pay review got a huge uplift and most were moved to band 2
There are no band 1 staff in the NHS? Why is the pay scale there then?

Ok I'll pick the other end, band 7 pay has increased 32%.
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mumbles87
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Re: TfL Bailout - sign of things to come?

Post by mumbles87 »

SammyLeeWasOffside wrote: Thu Jun 30, 2022 6:44 pm There are no band 1 staff in the NHS? Why is the pay scale there then?

Ok I'll pick the other end, band 7 pay has increased 32%.
Top or bottom of band?
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Re: TfL Bailout - sign of things to come?

Post by SammyLeeWasOffside »

Bottom
Prob
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Re: TfL Bailout - sign of things to come?

Post by Prob »

SammyLeeWasOffside wrote: Thu Jun 30, 2022 6:44 pm There are no band 1 staff in the NHS? Why is the pay scale there then?

Ok I'll pick the other end, band 7 pay has increased 32%.
There maybe some staff members on band 1, due to not wanting to move up to band 2 and other reasons . However, since 2018 band 1 has been closed to new entrance.

I would say most NHS workforce is in the band 3-6 range.

However, it shouldn't be a race to the bottom with pay. Be that train drivers, station staff or NHS workers.
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Re: TfL Bailout - sign of things to come?

Post by SammyLeeWasOffside »

I'm not saying it should I was just pointing out tying all public sector pay to the rise MPs get isn't a magic bullet.
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Re: TfL Bailout - sign of things to come?

Post by mumbles87 »

Image
three button mouse

Khan is spot on. The review was set to be £100 million saving a year .. the pension is now £600 million in surplus . So it hardly needs saving when it's well run
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Re: TfL Bailout - sign of things to come?

Post by SammyLeeWasOffside »

mumbles87 wrote: Fri Jul 01, 2022 1:30 pm Khan is spot on. The review was set to be £100 million saving a year .. the pension is now £600 million in surplus . So it hardly needs saving when it's well run
RMT have the surplus at £179m.

How will this work once tfl stop lumping millions a year in to recover the deficit (300m in 2015, 600m in 2018)? Once that stops in 2026 at the latest (it may stop now it's in surplus) and contributions go back to what they were won't the scheme start losing money again unless something changes?

At some point the scheme needs to work without topping up doesn't it? Either by more prudent investment or some sort of deal on contributions. Until it does employees like yourself are going to be constantly in flux with about 3 groups using you as a political football.
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Re: TfL Bailout - sign of things to come?

Post by mumbles87 »

SammyLeeWasOffside wrote: Fri Jul 01, 2022 1:53 pm RMT have the surplus at £179m.

How will this work once tfl stop lumping millions a year in to recover the deficit (300m in 2015, 600m in 2018)? Once that stops in 2026 at the latest (it may stop now it's in surplus) and contributions go back to what they were won't the scheme start losing money again unless something changes?

At some point the scheme needs to work without topping up doesn't it? Either by more prudent investment or some sort of deal on contributions. Until it does employees like yourself are going to be constantly in flux with about 3 groups using you as a political football.
do you know why it was in deficit? because the pension fund lent TFL money... which is now repaid thus lowering TFLs payments from this year

its one of the best run schemes in the country , very prudent investments. lending tfl money was a great move which they 100% knew would return

even the review ordered by gov into the pension said as much that its a well run scheme and changing it would cost more than its worth

Finn Brennan, ASLEF’s full-time organiser on London Underground, has welcomed the independent report, by Sir Brendan Barber, into the Transport for London pension fund which gives the fund a clean bill of health.

He said: ‘The final report of the independent review of the TfL pension fund, published today, demonstrates that the fund is healthy and well-managed. It is now in surplus which means that there will be a substantial reduction in costs of up to £70 million for TfL this year.’
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Re: TfL Bailout - sign of things to come?

Post by Hummer_I_mean_Hammer »

Well this is not going to be too popular with the unions.

Alec Shelbrooke was the only tory who voted against the move "For the first time in my entire parliamentary career I shall be voting against the government tonight on the measure to bring in agency workers.”

He added, “The private sector does have quite a few unscrupulous employers and if people are going to lose their ability to have an effect when they withdraw their labour, then I am afraid they have effectively lost the ability to withdraw their labour.”

https://www2.staffingindustry.com/eng/E ... kers-62241
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Re: TfL Bailout - sign of things to come?

Post by sendô »

Hummer_I_mean_Hammer wrote: Tue Jul 12, 2022 3:04 pm He added, “The private sector does have quite a few unscrupulous employers and if people are going to lose their ability to have an effect when they withdraw their labour, then I am afraid they have effectively lost the ability to withdraw their labour.”
Especially when you consider Tory MPs have just brought about the change in the workplace they so desperately needed by withdrawing their labour.
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Re: TfL Bailout - sign of things to come?

Post by Hummer_I_mean_Hammer »

sendô wrote: Tue Jul 12, 2022 4:02 pm Especially when you consider Tory MPs have just brought about the change in the workplace they so desperately needed by withdrawing their labour.
:crylol: I really am lost as to what most MPs do, apart from watching porn and touching up other staff 'members' ...
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Re: TfL Bailout - sign of things to come?

Post by sendô »

Fiddle expenses, take backhanders and go to cheese and wine parties I think.
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Re: TfL Bailout - sign of things to come?

Post by Arnold Layne »

Getting an ‘orange squash’ on the office sofa.
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Re: TfL Bailout - sign of things to come?

Post by Plashet Grove Pete »

The poorly paid drivers now - who's have thought it?

https://www.bbc.co.uk/news/business-62166276
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Re: TfL Bailout - sign of things to come?

Post by Danny's Dyer Acting »

It announced the industrial action after talks broke down over a pay, with the union wanting wages to keep pace with the rising cost of living.
How dare they!

It's a bloody good job most people in this country have been convinced they don't need a strong union fighting their corner.
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Re: TfL Bailout - sign of things to come?

Post by Greatest Cockney Rip Off »

Danny's Dyer Acting wrote: Thu Jul 14, 2022 3:22 pm How dare they!

It's a bloody good job most people in this country have been convinced they don't need a strong union fighting their corner.
I don't often agree with you but I'm with you on this one. How dare the plebs not know their place!
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Re: TfL Bailout - sign of things to come?

Post by -DL- »

Danny's Dyer Acting wrote: Thu Jul 14, 2022 3:22 pm How dare they!

It's a bloody good job most people in this country have been convinced they don't need a strong union fighting their corner.
Most jobs it doesn't matter how strong you're union is, as the only people you're going to piss off are your employers, and it's never usually in the public domain.

I've mentioned previously, we're due for a walkout next month - and all it's going to get is maybe a couple of inches in Medway Messenger, and ****ers going on the Arriva Facebook page slagging us off.

Meanwhile, all the managers will be out driving a skeleton service, as well as those who cannot afford to strike - and that's the thing - when you're on upwards of 50k a year, a days strike here and there wouldn't really affect your income. When you're on less than half that, people think twice about losing pay.
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