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When NRA60 was the norm did people ever stay on!

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.
FAB
Posts: 234
Joined: 06 May 2017, 22:57
Gender: Male

When NRA60 was the norm did people ever stay on!

Post by FAB »

Before the ever increasing pension age did most posites go at 60 or given the more relax atmosphere in those days stay on? Or were you forced to go after 60 anyway in those days!
deltaforce
Posts: 778
Joined: 01 Jan 2009, 15:29
Gender: Male

When NRA60 was the norm did people ever stay on!

Post by deltaforce »

Pension was never that great to retire at 60. A few went, but those who stayed on went on a 3 month rolling contract if my memory serves me right. These days there is no retirement age as such.
baldrick
EX ROYAL MAIL
Posts: 5038
Joined: 13 Sep 2007, 23:37
Gender: Male

When NRA60 was the norm did people ever stay on!

Post by baldrick »

The Default Retirement Age was scrapped in 2011. Before that RM required that you leave when you took your pension. In my mc some took it and retired, others took it and left for other jobs, often in firms' post rooms.
I think deltaforce is correct, if you didn't take the pension you were kept on a 3 month contract, which was renewable subject to health and ability considerations. They were usually people who hadn't worked at RM long enough to get enough pension to live on until they got the State Pension at 65.
Last edited by baldrick on 24 Feb 2018, 01:47, edited 1 time in total.
heapsy
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Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

When NRA60 was the norm did people ever stay on!

Post by heapsy »

A few blokes I know / knew left and went on to do other jobs. That way they accessed their pension and got a wage until their state pension at 65. One who lives round the corner from me got his full pension, 40 years back then. Started in 1957 and retired in 1997. Still going now. There's a few others I know too, all in their 80's now, one will be 90 in July, and he retired from RM, 3 months before I started.
Last edited by heapsy on 24 Feb 2018, 23:25, edited 1 time in total.
fly-catchers
EX ROYAL MAIL
Posts: 573
Joined: 05 Oct 2008, 16:38
Gender: Male

When NRA60 was the norm did people ever stay on!

Post by fly-catchers »

I found an old POPs brochure from 1993 where it saids that you can retire at NRA60 and get a maximum of 40/60 pension. And goes on to say that if you retire after normal retiring age your pension may be increased to up to 45/60. Never read that anywhere else!
rambo1
EX ROYAL MAIL
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Joined: 12 Jun 2013, 20:00
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When NRA60 was the norm did people ever stay on!

Post by rambo1 »

heapsy wrote:A few blokes I know / knew left and went on to do other jobs. That way they accessed their pension and got a wage until their state pension at 65. One who lives round the corner from me got his full pension, 40 years back then. Started in 1957 and retired in 1997. Still going now. There's a few others I know too, all in their 80's now, one will be 90 in July, and he retired from RM, 3 months before I started.
Not sure anyone doing the job now for 40 yrs is gonna make their 90's.