12th August 2008

- the NEWS page
- Switching pension schemes to a third party.
- ***Inflation figures for July 2008.
- Summary of Association Newsletter No. 48. Including the
recommendation of the Executive Committee to vote for Roger Whittaker in the coming election for MNTDs.
- the COMMUNICATIONS page
- Phillip Thomson is the new Hewitt Team Manager GW Pensions.
- the MEMBERS page
- ***Gerald Blackman 'In praise of Hewitt'
- Reference for an article about Sir Henry Wellcome.
- An Age Concern booklet about benefits and taxes.
- Websites for information about tax and benefits. Click the links.
- the Pension Transfer page
- The Transfer of Pension Benefit arising from the death of a member.
- A revised Hewitt telephone number for overseas callers.
- the State Benefits page
- Changes introduced by the Chancellor from April 2008.
- A Finance and Benefits Update - June 2008.
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GSK HEALTHCARE SCHEME FOR RETIREES Association members who are also members of the GSK Healthcare Scheme (originally with BUPA and now with CIGNA) will probably have been paying or expecting to pay tax on the cover provided by the Company following the news that this is to be a Benefit of Kind. It has now emerged that this taxation DOES NOT APPLY TO THOSE WHO RETIRED PRIOR TO 6th APRIL 1998. Pre April 1998 retirees will shortly (subject to Royal Mail) receive letters from CIGNA advising them of the cancellation of this tax liability in their case. Those in this group who have already made some tax payments for this reason should contact their Tax Office and seek repayment. The Tax Offices have been advised of those members with pre April 1998 retirement dates.
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DEALING WITH HEWITT ASSOCIATES. A few cases of unsatisfactory performance reported to the Association have been followed up, and as a result it is hoped to see improvements at Hewitt in the near future. However, maintaining a good performance by Hewitt needs members to let the Association know of their experiences with Hewitt, good and bad. HEWITT has a NEW Contact Person and Phone Number for dissatisfied pensioners, for which see the Communucations Page. KEEP THE ASSOCIATION INFORMED. |
- We hope that current members of the Association will find useful information and news on our website. Please send the Association, your views on pension issues and your experiences in dealing with GSK on pension matters, and any questions arising from your membership of the GSK Pension Fund by Emailing wellcomepensioners@wellcomepensioners.org .
Our strength and influence comes from our growing numbers, so we urge all present members of the Association to seek new members from ex-Wellcome friends and acquaintances.
- We urge all GSK Pension Fund members who are not members of this Association, to join us by completing the membership application form on the website and sending it to the address given on the form. Those eligible to join are EMPLOYEE, DEFERRED or PENSIONER MEMBERS of the GLAXOSMITHKLINE PENSION FUND formerly the WELLCOME GROUP PENSION FUND (also formerly the Glaxo Wellcome Pension Fund, which name currently appears on pensioners' pay slips).
Together we will ensure that our interests are protected and the strength and resources of our pension fund are devoted to benefit we who paid into it - the Wellcome Pensioners. --------------------------------------------------------------------
All web addresses are 'clickable links', for example see the coverage of pensions matters on the OCCUPATIONAL PENSIONS ALLIANCE website by clicking the following link www.opalliance.org.uk ---------------------------------------------------------------------
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