TfL Bailout - sign of things to come?
Moderators: Gnome, last.caress, Wilko1304, Rio, bristolhammerfc, the pink palermo, chalks
- Johnny Byrne's Boots
- Posts: 32136
- Joined: Mon Jun 05, 2006 5:19 pm
- Location: Care home dodger
- Has liked: 1787 likes
- Total likes: 2071 likes
Re: TfL Bailout - sign of things to come?
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'.
Re: TfL Bailout - sign of things to come?
Letting Boris back near tfl will fully bankrupt itBig 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
He did bad enough last time
- SammyLeeWasOffside
- Posts: 21691
- Joined: Wed Sep 24, 2008 9:31 am
- Has liked: 290 likes
- Total likes: 1022 likes
Re: TfL Bailout - sign of things to come?
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%.
Re: TfL Bailout - sign of things to come?
Top or bottom of band?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%.
- SammyLeeWasOffside
- Posts: 21691
- Joined: Wed Sep 24, 2008 9:31 am
- Has liked: 290 likes
- Total likes: 1022 likes
Re: TfL Bailout - sign of things to come?
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.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%.
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.
- SammyLeeWasOffside
- Posts: 21691
- Joined: Wed Sep 24, 2008 9:31 am
- Has liked: 290 likes
- Total likes: 1022 likes
Re: TfL Bailout - sign of things to come?
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.
Re: TfL Bailout - sign of things to come?
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
- SammyLeeWasOffside
- Posts: 21691
- Joined: Wed Sep 24, 2008 9:31 am
- Has liked: 290 likes
- Total likes: 1022 likes
Re: TfL Bailout - sign of things to come?
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.
Re: TfL Bailout - sign of things to come?
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 yearSammyLeeWasOffside 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.
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.’
- Hummer_I_mean_Hammer
- Posts: 11576
- Joined: Mon Jan 12, 2009 9:45 pm
- Has liked: 938 likes
- Total likes: 475 likes
Re: TfL Bailout - sign of things to come?
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
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
- sendô
- Posts: 44311
- Joined: Thu Nov 10, 2005 12:41 pm
- Location: rubbing my eyes in disbelief - we've won a European trophy!
- Has liked: 2424 likes
- Total likes: 2633 likes
Re: TfL Bailout - sign of things to come?
Especially when you consider Tory MPs have just brought about the change in the workplace they so desperately needed by withdrawing their labour.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.”
- Hummer_I_mean_Hammer
- Posts: 11576
- Joined: Mon Jan 12, 2009 9:45 pm
- Has liked: 938 likes
- Total likes: 475 likes
Re: TfL Bailout - sign of things to come?
I really am lost as to what most MPs do, apart from watching porn and touching up other staff 'members' ...
- sendô
- Posts: 44311
- Joined: Thu Nov 10, 2005 12:41 pm
- Location: rubbing my eyes in disbelief - we've won a European trophy!
- Has liked: 2424 likes
- Total likes: 2633 likes
Re: TfL Bailout - sign of things to come?
Fiddle expenses, take backhanders and go to cheese and wine parties I think.
- Arnold Layne
- Posts: 2065
- Joined: Thu Dec 17, 2009 4:12 pm
- Has liked: 47 likes
- Total likes: 143 likes
- Plashet Grove Pete
- Posts: 4514
- Joined: Sun Aug 28, 2005 9:32 pm
- Location: I'm riding down Kingsley, figurin' I'll get a drink ....
- Has liked: 261 likes
- Total likes: 459 likes
- Danny's Dyer Acting
- Posts: 8983
- Joined: Wed Aug 19, 2009 1:37 pm
- Has liked: 642 likes
- Total likes: 1852 likes
Re: TfL Bailout - sign of things to come?
How dare they!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.
It's a bloody good job most people in this country have been convinced they don't need a strong union fighting their corner.
- Greatest Cockney Rip Off
- Posts: 19295
- Joined: Tue Dec 02, 2003 12:29 am
- Location: The oil drum in the Garden of England
- Has liked: 338 likes
- Total likes: 719 likes
- Contact:
Re: TfL Bailout - sign of things to come?
I don't often agree with you but I'm with you on this one. How dare the plebs not know their place!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.
- -DL-
- Bag Man
- Posts: 30097
- Joined: Fri Dec 05, 2008 7:43 am
- Has liked: 836 likes
- Total likes: 4952 likes
- Contact:
Re: TfL Bailout - sign of things to come?
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.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'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.