ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

55 over and out .

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
comeracing
Posts: 806
Joined: 28 Nov 2010, 20:58
Gender: Male

55 over and out .

Post by comeracing »

3 years for me ,If I can grind it out until then , as we all know the jobs gone ,kretinsky will asset strip, and terms and conditions will be worsening rapidly , would love feedback on anyone who has left at 55 at took there lump sum and monthly pension NR60 , that's my plan and keep the NR65 and draw that at age 60 , hear of so many people fed up and calling it a day drawing there pension and getting a part time job elsewhere and virtually everyone says its the best thing they've done ,life to short as they say .
qwerty2
Posts: 2077
Joined: 30 Jun 2009, 00:42
Gender: Male

Re: 55 over and out .

Post by qwerty2 »

Pension won’t last much if you can’t get another Job
Depends which part of the country you live in
Wonder what the stats are for RM staff - further south you go more have probably left
More vacancies south - less further north - fully staffed or over staffed?
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72658
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: 55 over and out .

Post by TrueBlueTerrier »

Spoiler Alert

I did it - I pulled the trigger and retired. Lot less stressed nowadays and even enjoy going out on walks.
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: 55 over and out .

Post by RobertT »

I retired last year at 55.

I haven't taken any of my RM pension and don't plan to until 60.

No job and no intention of getting one, and thoroughly enjoying all my leisure time.

There's more to work than RM and there's more to life than work! :thumbup
Links to all RM pension related websites are here
Acca Dacca
Posts: 3211
Joined: 16 Aug 2009, 17:13
Gender: Male

Re: 55 over and out .

Post by Acca Dacca »

RobertT wrote:
06 Jun 2024, 10:42
I retired last year at 55.

I haven't taken any of my RM pension and don't plan to until 60.

No job and no intention of getting one, and thoroughly enjoying all my leisure time.

There's more to work than RM and there's more to life than work! :thumbup
It’s easy to say that but unfortunately the majority of the workforce don’t have the same financial security you have
If you tolerate this, then your paid break will be next
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: 55 over and out .

Post by RobertT »

Acca Dacca wrote:
06 Jun 2024, 13:42
RobertT wrote:
06 Jun 2024, 10:42
I retired last year at 55.

I haven't taken any of my RM pension and don't plan to until 60.

No job and no intention of getting one, and thoroughly enjoying all my leisure time.

There's more to work than RM and there's more to life than work! :thumbup
It’s easy to say that but unfortunately the majority of the workforce don’t have the same financial security you have
I agree, it's much easier to say it than do it.

It definitely wasn't easy and I made plenty of sacrifices along the way.
Links to all RM pension related websites are here
postslippete
Posts: 4188
Joined: 14 Jul 2014, 16:27
Gender: Male

Re: 55 over and out .

Post by postslippete »

Royal Mail would retain a lot of experienced staff if they allowed full-timers who are getting close to retirement age to go part-time and only work a few days a week. Unfortunately, the company are desperate to get rid of them and tell them if they go part-time they either have to sign the new contract that new staff are on or still have to work at least 5 days a week.

Is it any wonder why these staff have left
On the face of it, shareholder value is the dumbest idea in the world.
General Mannerheim
EX ROYAL MAIL
Posts: 2299
Joined: 14 Dec 2007, 13:10
Gender: Male
Location: Stalag 17

Re: 55 over and out .

Post by General Mannerheim »

I retired just over 12 months ago at 57,after being a rep and hearing everybody's woes etc, the only stress I have now is deciding what to do with my free time, not bothered in getting another job, only wished I had bogged off at 55 as I originally always wanted to do, wasted nearly 2 years plodding on.
Royal Mail managers.....about as popular as a t.urd in a swimming pool!
The DDA/Equality Act demands action,NOT words......adjustments NOT Occupational Health referrals.Case No:2505901/09
Royal Mail is an Equal Opportunities Employer..It discriminates against everybody.
SWIM
Posts: 422
Joined: 11 Jan 2010, 20:33
Gender: Male

Re: 55 over and out .

Post by SWIM »

my plan too .. 2 years.... 🙏
'deal of the century' - dingo
chickenwittle
Posts: 2090
Joined: 15 Nov 2009, 09:43
Gender: Male

Re: 55 over and out .

Post by chickenwittle »

I’m 55 this year and 34 years in the job , would love to go shortly but the thought of losing 25% doesn’t sit well with me , so will try to ride it out a bit longer.
TopperGas
Posts: 3460
Joined: 13 Feb 2021, 22:46
Gender: Male

Re: 55 over and out .

Post by TopperGas »

General Mannerheim wrote:
06 Jun 2024, 20:12
I retired just over 12 months ago at 57,after being a rep and hearing everybody's woes etc, the only stress I have now is deciding what to do with my free time, not bothered in getting another job, only wished I had bogged off at 55 as I originally always wanted to do, wasted nearly 2 years plodding on.
Nobody forced you into being a rep? Some of us like our foreign hols and new cars so plod on a bit longer without listening to a single person's woes. I can never understand reps complaining about the role if they don't like it just step down.
Kesknight
Posts: 98
Joined: 11 Aug 2016, 22:00
Gender: Male

Re: 55 over and out .

Post by Kesknight »

I'm 55 and done 37 years. So hopefully another 3 years to get to 40 years and then that's it.
sweepster70
Posts: 500
Joined: 24 Jul 2017, 23:16
Gender: Male

Re: 55 over and out .

Post by sweepster70 »

RobertT wrote:
06 Jun 2024, 15:31
Acca Dacca wrote:
06 Jun 2024, 13:42
RobertT wrote:
06 Jun 2024, 10:42
I retired last year at 55.

I haven't taken any of my RM pension and don't plan to until 60.

No job and no intention of getting one, and thoroughly enjoying all my leisure time.

There's more to work than RM and there's more to life than work! :thumbup
It’s easy to say that but unfortunately the majority of the workforce don’t have the same financial security you have
I agree, it's much easier to say it than do it.

It definitely wasn't easy and I made plenty of sacrifices along the way.
The reason Robert retired at 55 and is able to not draw his final salary till 60, could be down to realising at a very early age, you have to put money away and invest in your future?
Last edited by sweepster70 on 09 Jun 2024, 20:54, edited 2 times in total.
Gary55
EX ROYAL MAIL
Posts: 349
Joined: 29 Jun 2021, 21:02
Gender: Male
Location: london

Re: 55 over and out .

Post by Gary55 »

Good luck to you Robert and I still value your advice.
grandypants
EX ROYAL MAIL
Posts: 74
Joined: 29 Dec 2015, 21:34
Gender: Male

Re: 55 over and out .

Post by grandypants »

Went at 60 aft er 20 years part time at a supermarket no pressure, good fun working with youngsters, go fishing when I want 2 holidays a year dont run yourself into the ground, one life live it