Extraordinary general meeting

For those of you who don’t know, there is an extraordinary general meeting of the pension scheme on Tuesday Sept 14th at 1800 at Friends House, 173 Euston Road, London NW1 2BJ. I’ll be going – I hope to see you all there.

This will be our one and only chance to question the trustees about why they are not doing their job: fighting to defend the interests of pension scheme members. Jeremy Peat’s response so far (in Ariel) has been to say that the trustees can do nothing: the BBC is changing our contract, not the pension scheme. He is ignoring two things.

First, the 43rd deed that I have mentioned in other posts, clearly states that pensionable salary is basic salary (and therefore cannot be subjected to a maximum 1% rise). Let’s be absolutely clear about this: what the BBC is proposing is against the rules of the pension scheme. Now the BBC must have some reason to believe that it’s changes to our contract (separating basic pay from pensionable pay) can be pushed through regardless, but it is not the job of the trustees to back this point of view. The first duty of the trustees is to fight tooth and nail for the pension scheme members.

Second, under the rules of the scheme there is no reason for the BBC to put in place a deficit reduction plan until well into next year. Why isn’t Jeremy Peat forcefully making this case?

Let’s see if Mr Peat is more impressive in person than he has so far been in print.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: