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Ill health retirement

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
Dunravern
Posts: 5
Joined: 23 Nov 2015, 08:36
Gender: Male

Ill health retirement

Post by Dunravern »

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 ?
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Ill health retirement

Post by RobertT »

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.
Links to all RM pension related websites are here
Dunravern
Posts: 5
Joined: 23 Nov 2015, 08:36
Gender: Male

Ill health retirement

Post by Dunravern »

Thanks for your reply
Wornoutboot
Posts: 1
Joined: 07 Aug 2017, 18:15
Gender: Male

Ill health retirement

Post by Wornoutboot »

How long after the call from his does it take to get released and paid off ad the call fri