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500 Lump Sum and 900 Minimum Escrow Payment Confirmed

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat
edunc9
Posts: 1
Joined: 28 Feb 2011, 20:54
Gender: Male

Re: 500 Lump Sum and 900 Minimum Escrow Payment Confirmed

Post by edunc9 »

I left the buisness on the 5 August and only received the £500, when I contacted them, they told me I was not entitled to the £900 because I handed my notice in before the 4th of August, although everyone who was in post on the 4th of August was entitled to all the payments. not true. ROYAL MAIL AGAIN, CAN'T GET ANYTHING RIGHT.
roy61uk
Posts: 8
Joined: 08 Oct 2007, 16:34

Re: 500 Lump Sum and 900 Minimum Escrow Payment Confirmed

Post by roy61uk »

Just read this off the payroll site.Who will be eligible for the payment?
 Employees must have been employed on 26 March 2023 to qualify for the escrow payment
(qualifying period). If you joined RM after 26 March 2023 you are not entitled to a payment.
 To receive the lump sum employees will need to be employed by Royal Mail on 4 August
2023– payment date being 29 September 2023 (for both weekly and monthly paid
employees)
 Part time employees will receive a prorated payment
 Part time employees’ overtime up to full time hours is not contractual and will not be taken
into account when pro rating
 Employees having received VR between 26 March 2023 and 29 September 2023 are not
entitled to the payment
 Employees on a career break / sabbatical – will not be eligible for the payment in
 September 2023 but can request the payment if / when they return to work
 Employees on long term sickness / on maternity leave or other planned absence are eligible
for payment based upon their contracted.
Woody Guthrie
Posts: 5166
Joined: 29 Sep 2018, 20:47
Gender: Male

Re: 500 Lump Sum and 900 Minimum Escrow Payment Confirmed

Post by Woody Guthrie »

People on precautionary suspension have also had the payment withheld, we believe RM have no right to. The qualifying criteria was only that staff should have been emoloyed on 4th August. This payment has been deferred from then. The CWU have contacted HR in this regard and there should be some statement issued to clarify.
Only dead fish follow the current
postslippete
Posts: 4015
Joined: 14 Jul 2014, 16:27
Gender: Male

Re: 500 Lump Sum and 900 Minimum Escrow Payment Confirmed

Post by postslippete »

Woody Guthrie wrote:
28 Sep 2023, 15:54
People on precautionary suspension have also had the payment withheld, we believe RM have no right to. The qualifying criteria was only that staff should have been emoloyed on 4th August. This payment has been deferred from then. The CWU have contacted HR in this regard and there should be some statement issued to clarify.
Just imagine those 400 reps and members that were sacked/suspended not receiving this payment. That's likely to be over £400k!! Small potatoes to a company that is allegedly losing £1 million a day though.......
On the face of it, shareholder value is the dumbest idea in the world.