Halcrow Pensioners Association

Newsletter No. 26


 Newsletter No 26 : March 2017

This is a newsletter of the Halcrow Pensioners Association. More details of HPA's objectives, organisation and its activities are here. You have been sent this newsletter because you may be a member of the Halcrow Pension Scheme or its successor, HPS2. Membership of HPA is open to all interested HPS / HPS2 members and currently costs £10/year.  If you are not a member then please use the unsubscribe link at the bottom of this email to remove your name from the mailing list or email the webmaster to remove your name.

Notice of 2017 Annual General Meeting
In accordance with HPA's constitution, an Annual General Meeting shall take place in April. It is proposed to adopt the format used previously of a virtual meeting in a sub-forum of the HPA forum to which only paid-up members of HPA will be given access. The meeting will be the member's annual opportunity to contribute to the direction and operation of HPA. The 2016 AGM will be held in the HPA forum between 20th and 27th April. The proposed schedule for the meeting is:

Stage Date
Commencement of AGM  20 April
Discussion  20 to 24 April
Voting  25 to 27 April

The agenda is here and the minutes of the 2016 AGM are here. Nominations or proposed items to be discussed at the AGM can be posted in the 2017 AGM forum to provide opportunity for others to view and, if appropriate, comment on them. Alternatively, please email them (also any apologies) to the webmaster. An updated agenda will be issued before the meeting. The AGM is the opportunity for the members to provide their views on the direction and strategy of HPA.

The HPA committee is seeking new members, particularly those who are deferred pensioner scheme members. If you would like to help or would like to improve your understanding of pensions-related issues then please contact the HPA secretary who can also provide additional information about the committee activities. Distance is not a problem as most committee discussion takes place using the internet.

2017 Subscriptions
For those who haven't already paid, the HPA treasurer looks forward to receiving your 2017 subscription. It remains at £10 as agreed at the 2016 AGM. Payment by bank transfer is preferred because there are no transaction charges although you can also pay by credit card through our PayPal portal. Details of the payment methods are here. Access to the 2017 AGM will be restricted to those who have paid their 2017 subscription. If you are one of these then please check that you have access to the forum. If you haven't registered then please do so or if you have forgotten your forum registration details then please email the webmaster.

Discount on Fred Olsen Cruises
HPA has negotiated a 10% discount with Fred Olsen Cruise Lines. More details about the available cruises are here and you can find out here how to obtain your discount.

The Future
The need for HPA continues and among the possible ongoing tasks are:
1.    To closely monitor HPS2 and watch out for CH2M trying to reduce pensions further or claim back contributions on the grounds of the scheme being over-funded (a few years of higher inflation could create this situation).
2.    To examine or comment on proposals for changes to pension-related laws or regulations.
3.    To absorb the lessons learned during the past few months.
4.    To pass on these lessons to the wider community of those whose DB pensions will now be at great risk from the CH2M/Halcrow “success” in reducing the pension scheme liability.

Previous Newsletters
If you haven't been with HPA from the start or want to remind yourself of previous events then you can browse through the previous newsletters for which there is a full list here.