The National Union of Rail, Maritime and Transport Workers has launched a campaign to keep the Transport for London Pension Fund, an open final salary scheme, unchanged, and has declared it has no confidence in the planned review process.

The union's general secretary Mick Lynch said that the “RMT is demanding that the pension scheme remains unchanged. Any other course of action will be met head on by the union, using every option available to us, including a determined campaign of strike action.”

The union had already warned in January that it would “use every weapon” at its disposal to fight potential cuts after TfL said pensions might need to be part of funding negotiations with the Department for Transport.
 

   
TfL and its finances have been the subject of a row between London's Labour mayor Sadiq Khan and the Conservative prime minister and former London mayor Boris Johnson, with requested extra funding to help TfL through the pandemic only being granted after protracted negotiations.
 
The RMT has also called for an investigation with the involvement of all recognised trade unions into what it called "the systemic transfer of TfL funds to the private sector", citing multi-million pound contracts with private cleaning and track or fleet maintenance providers as well as privatised bus operators.

Lynch called for all regular TfL work to be brought in-house and "for an end to the gravy train of easy profits and dividends to the shareholders of the private sector".