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getting pension now

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.
happymackem
EX ROYAL MAIL
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Location: in the land of the mackems

getting pension now

Post by happymackem »

but if i was to either resign or or be sacked
could they stop it?
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TrueBlueTerrier
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Re: getting pension now

Post by TrueBlueTerrier »

Resign: No idea but I don't think so because the Pension Plan is nothing to with Royal Mail they are separate companies, and you are already receiving it.

Dismissed - Don't know but it may depend on circumstances.

You could visit http://www.royalmailpensionplan.co.uk/1" onclick="window.open(this.href);return false; or email them direct they will be able to give to a solid answer.
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easter bunny
Posts: 378
Joined: 01 Jul 2007, 20:08

Re: getting pension now

Post by easter bunny »

No, you do NOT lose your Pension if sacked, quit or go bankrupt.
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happymackem
EX ROYAL MAIL
Posts: 304
Joined: 27 Oct 2009, 19:02
Gender: Male
Location: in the land of the mackems

Re: getting pension now

Post by happymackem »

easter bunny wrote:No, you do NOT lose your Pension if sacked, quit or go bankrupt.
100% sure mr or ms bunny :pray
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easter bunny
Posts: 378
Joined: 01 Jul 2007, 20:08

Re: getting pension now

Post by easter bunny »

Yes sir.
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happymackem
EX ROYAL MAIL
Posts: 304
Joined: 27 Oct 2009, 19:02
Gender: Male
Location: in the land of the mackems

Re: getting pension now

Post by happymackem »

when i say lose your pension i also mean do you still get your monthly pay note :pray
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DGP1
Posts: 15551
Joined: 07 Jun 2007, 20:39
Gender: Male
Location: Terminus

Re: getting pension now

Post by DGP1 »

As far as I'm aware your pension is bought and that actually pays you (an annuity I think) and once purchased is yours for life (unless the courts take it off you).
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RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: getting pension now

Post by RobertT »

If you are already recieving your pension there is no way RM can take it off you!
DGP1 wrote:As far as I'm aware your pension is bought and that actually pays you (an annuity I think) and once purchased is yours for life (unless the courts take it off you).
Annuities only apply to money purchase/defined contribution pensions where you have a pot of money invested with a insurance company or bank. The RM pension, assuming you started before 2008 is a defined benefit scheme, therefore payment comes out of its coffers.
Links to all RM pension related websites are here
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madmax2545
Posts: 13
Joined: 19 Dec 2010, 09:40
Gender: Male

Re: getting pension now

Post by madmax2545 »

i am in the process of taking my pension at the moment, i signed up for options back in february but they keep moving the goalposts and they keep sending me new options, i dont think its royal mail changing things i think its the new government we have because everytime i get the new options my lump sum goes down but my annual pension stays the same anyone else having these problems.
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easter bunny
Posts: 378
Joined: 01 Jul 2007, 20:08

Re: getting pension now

Post by easter bunny »

madmax2545 wrote:i am in the process of taking my pension at the moment, i signed up for options back in february but they keep moving the goalposts and they keep sending me new options, i dont think its royal mail changing things i think its the new government we have because everytime i get the new options my lump sum goes down but my annual pension stays the same anyone else having these problems.

It is nothing to do with the Government...
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POSTMAN
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Re: getting pension now

Post by POSTMAN »

easter bunny wrote:
madmax2545 wrote:i am in the process of taking my pension at the moment, i signed up for options back in february but they keep moving the goalposts and they keep sending me new options, i dont think its royal mail changing things i think its the new government we have because everytime i get the new options my lump sum goes down but my annual pension stays the same anyone else having these problems.

It is nothing to do with the Government...
Why is he getting different options,any ideas?
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
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The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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easter bunny
Posts: 378
Joined: 01 Jul 2007, 20:08

Re: getting pension now

Post by easter bunny »

POSTMAN wrote:
easter bunny wrote:
madmax2545 wrote:i am in the process of taking my pension at the moment, i signed up for options back in february but they keep moving the goalposts and they keep sending me new options, i dont think its royal mail changing things i think its the new government we have because everytime i get the new options my lump sum goes down but my annual pension stays the same anyone else having these problems.

It is nothing to do with the Government...
Why is he getting different options,any ideas?

Very strange...Perhaps Robert T might have an answer.
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RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: getting pension now

Post by RobertT »

easter bunny wrote:Very strange...Perhaps Robert T might have an answer.
No I'm afraid I don't know, I was hoping you would!
Links to all RM pension related websites are here
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