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Ill health retirement
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Dunravern
- Posts: 5
- Joined: 23 Nov 2015, 08:36
- Gender: Male
Ill health retirement
I've been in the job 30 Years but now struggling due to long term injury .im 52 years old what would I be entitled to lump sum or pension ?
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Ill health retirement
If you’re offered ‘IHR with lump sum’ you’d currently get 34 weeks’ pay, plus with 30 years’ service I think 12 weeks PILON.
If you’re offered ‘IHR with immediate payment of pension’ you’d get the pension you’ve accrued up to leaving unreduced. Your annual statement will give you more info.
You would normally only get the pension option if you’re deemed to never be able to work again in any capacity.
*I think IHR payments are on the radar as far as more cost cutting is concerned, so the above might not be the case forever.
If you’re offered ‘IHR with immediate payment of pension’ you’d get the pension you’ve accrued up to leaving unreduced. Your annual statement will give you more info.
You would normally only get the pension option if you’re deemed to never be able to work again in any capacity.
*I think IHR payments are on the radar as far as more cost cutting is concerned, so the above might not be the case forever.
Links to all RM pension related websites are here
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Dunravern
- Posts: 5
- Joined: 23 Nov 2015, 08:36
- Gender: Male
Ill health retirement
Thanks for your reply
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Wornoutboot
- Posts: 1
- Joined: 07 Aug 2017, 18:15
- Gender: Male
Ill health retirement
How long after the call from his does it take to get released and paid off ad the call fri