Monthly Archives: March 2016

Local Government Pension Scheme Please Sign Our Parliamentary Petition

The government wants to use the money in your pension funds to invest in their pet infrastructure projects. This potentially puts at risk the money that should be used to pay your pensions. There has been no debate in Parliament over this issue and we need to try and make sure it gets debated.

We have established a Parliamentary petition which requires 100,000 signatures to get a debate in the House of Commons.

You can sign it by clicking here https://petition.parliament.uk/petitions/125475/signatures/new  the text below describes the petition.

Now pass it on to a colleague – they don’t have to be a UNISON member to sign!

Debate in the House the Local Government Pension Scheme Investment Regulations

5 million people rely on the LGPS to pay their pensions. Government wants powers over LGPS investment funds, but they could gamble away members’ money on infrastructure projects. This is not allowed in any other UK scheme, including the MPs’. The LGPS must be invested in members’ best interests.

Parliament must debate this issue and make the government accountable for these powers of intervention as any such direction may breach the law. Specifically Article 18 paragraph 3 of the EU Directive 41/2003 Institutions for Occupational Retire Provision: “Member States shall not require institutions located in their territory to invest in particular categories of assets.”

 

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Kensington and Chelsea Retired Members’ AGM and Lunch 2016

Once again our AGM and lunch was well attended and enjoyed by our members. This was the third successful gathering since introducing an annual general meeting with our retired members’ lunch. The lunch has been a long standing branch tradition since NALGO days. Reports, motions and speakers were all listened to with interest.

 

The buffet lunch

Members arriving

Members arriving taking their places

Raffle and AGM

Apart from the AGM and lunch we have also arranged a number of social visits and outings for retired members. Last summer these included a visit to the BBC, a trip to the BP Portrait Awards at the National Gallery and a day trip to Margate. We hope to continue in the same vein for years to come!

 

Our members are very supportive of our efforts on their behalf and are very appreciative of the hard work the Branch Retired Members’ Committee does throughout the year.

 

Verena Beane and Sue Clark (Joint Secretaries K&C Retired Members)

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