The pension fund for retirees aged over 75 will be running a deficit of £4.9bn by the end of 2020.
The fund, set up by the pension scheme for employees of the Royal Mail, will have a shortfall of £3.6bn.
The shortfall is expected to rise to £4bn by 2023 and then to £5.9 billion by 2032.
The Royal Mail said that it would pay out its entire shortfall, leaving the fund with £8.2bn.
However, the fund is not expected to pay out £5bn as a result of the announcement.
Pensioners are paying more into the fund as the government makes a £1.5bn pay rise in January 2020.
Royal Mail Pensioner’s Pension Fund: How the fund will run a deficit by 2020, January 2020 The Royal Bank of Scotland has been criticised for its failure to properly fund its pension fund.
The bank has a deficit for the financial year ending March 2020 of £11.3bn, and the deficit for 2021 will be £12.3 billion.
As a result, the Bank of England is warning that the fund may run out of money in the middle of the financial years.
The Bank of Ireland has been warned of a similar situation, with a £3bn deficit for 2020.
The Royal Mail is now in the process of preparing for its retirement, with more than 2,000 staff expected to retire over the next 20 years.
There are also plans to close at least one other Royal Mail shop, including its flagship branch in London.
The decision to close all branches and the closure of other Royal mail stores will mean that the Royal Post has to rely on private sector businesses for most of its revenue.
The closure of the RMA branch in Birmingham will also mean the loss of about 300 jobs in the city.
However, the closure does not mean that a further 2,500 staff will be cut from the Royal Postal Service, or that the organisation will be forced to stop delivering letters and parcels.
It is still planning to offer services to other postal services, including the Royal City Mail and Royal Mail Freight.
Last week, Royal Mail chief executive Andy Hunt announced that his team will be working “extra hard” to bring the Royal National Mail to the same level as its rivals.
Hunt also announced that the company would cut costs, and announced that its costs would fall by nearly 30% from £16.5 billion in 2020 to £16 billion in 2021.
What the Royal Bank has to say about the announcement of its plans to shutter the Royal Australian Mail branch The news comes as the Royal Royal Bank announced plans to slash costs by about £4 billion in the next two years, by closing at least two other Royal Australian Post branches.
Royal Bank chief executive John Maynard told the BBC that the move was designed to save money and deliver a stronger business.
“It is the most significant reduction in costs we have ever undertaken and we are taking advantage of the strengths of our core business,” Maynard said.
“We will be able to offer a greater range of products to customers in the region, including services like parcel delivery, delivery of business and residential packages, parcel handling and our online banking and payment service.
As a result we will be bringing the Royal Aussie Mail into a position where we can continue to operate our businesses in a way that provides our customers with the best service possible.”
The announcement came a day after the Royal College of General Practitioners said that the loss in mail services and parcels will hit the poorest hardest.
In a statement, the RCGP said that many of the jobs affected by the closures are those that are essential to delivering mail, and that they will continue to be affected by those losses.
“[The closures] will not be enough to cover our staff’s costs but they will help to pay down the deficit,” the RCGP said.
It said that, in some cases, Royal Australia Post’s staff will have to reduce the number of parcels they deliver.
RCGP also criticised the move by the Royal Australia Mail as being driven by “a financial plan to save the corporation money” and said that “the plans will do little to address the needs of ordinary people who rely on the Royal Austint post office for their daily delivery of letters, parcels and parcels.”
What other news from the UK?
The government has announced that it is reducing the amount that people will be charged to use the new online banking service.
The National Audit Office has said that there is “significant doubt” about whether online banking is a cost-effective way to improve efficiency and reduce waste.
On the flip side, the Treasury has said it will increase the amount of money that businesses will have available to invest in their businesses, and will be introducing a new tax-free tax-filing facility to encourage more people to invest and create more jobs.
How much will the UK