Pensions

The Royal Mail Defined Contribution Plan is open to eligible new employees of Royal Mail Group and those eligible employees who are not members of any other Royal Mail Group pension arrangement.

The Royal Mail Pension Plan closed to new entrants with effect from 1 April 2008 (except for some employees who worked for the company and were under age 18 on 31 March 2008). 

On Sunday 1 April 2012, a new Pension Solution came into effect which addresses the Royal Mail Pension Plan’s historic pension deficit. The Government has taken responsibility for the majority of the liabilities that have built up in the Royal Mail Pension Plan over the years until the end of 31 March 2012.

Changes were made to the Royal Mail Pension Plan in April 2010 in relation to Minimum Pension Age and Normal Retirement Age and the introduction of Flexible Retirement.

Previous changes were made to the Royal Mail Pension Plan in April 2008.

Please be aware that all of the web content connected to the changes in 2008 and 2010 is only available for reference and will not be updated.