The RMT Union has secured what it calls a ‘major victory’ in its defence against the TfL Pension Fund.

Transport for London has confirmed that there are no plans to change the scheme and that the review team has been disbanded.

Due to RMT’s campaign, this means:

• All pension benefits remain intact, continuing to be based on final salary
• Retirement at 60 with no penalties is protected
• Pension increases remain linked to RPI, not CPI
• Any future pension fund shortfall must be covered by TfL—not employees

 RMT general secretary Mick Lynch said: “This is a huge victory for our members who showed tremendous tenacity to stand together to defend their pensions.