https://www.tssa.org.uk/en/Your-uni...C8s7mRC3hj7vRkW0tcUdyI9uVrfScP7O5wwBn8JRiMTBk
A huge shame. Their pension deficit is £257 million in the red.
Something to bare in mind when applying
DB Cargo have a significant deficit in their section of the RPS (Railways Pension Scheme), around £257 million to be precise! This deficit has come about through various means, mostly though by bad investment choices which resulted in low returns.
We could continue to argue forever about whose fault this is and apply blame about how DB Cargo allowed this deficit to get so big, but that would not solve the situation. Of course, the trade unions demanded that DB Cargo rectify the deficit by injecting £257m into the scheme which is needed to plug the gap, but that would probably just bankrupt them! So unfortunately, we are where we are, and our priority now has to be about protecting our members pension funds and ensuring there is a pension scheme going forwards. The situation with the RPS section cannot continue, and DB Cargo have to make changes in which to both address the deficit and continue to provide pension schemes for staff...
A huge shame. Their pension deficit is £257 million in the red.
Something to bare in mind when applying
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