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Retirement Info Needed

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.
sparkle25
Posts: 1
Joined: 02 Aug 2012, 20:19
Gender: Female

Retirement Info Needed

Post by sparkle25 »

Hi,

Im trying to find some information out on behalf of my uncle. He is a cleaner working full time for Romec. He has been a cleaner for the post office / Romec for 30 years and is 55 years old. And has paid into his pension all that time. We would like to know when he is able to retire? Any information would be gratefully receieved as Romec are not forth coming!

Thanks
WHITEANT
Posts: 312
Joined: 17 May 2009, 23:02
Gender: Male

Re: Retirement Info Needed

Post by WHITEANT »

Your uncle can ask for his pension now ,he will take a hit on his lump sum and monthly pension but cant retire till hes 60
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Retirement Info Needed

Post by RobertT »

I'm not too sure whether Romec employees are still part of the RM pension scheme or not, but your uncle can take his pension any time after reaching 55. There will probably be a 5% reduction for each year he takes it before the normal pension age for the scheme.
If he's in the RM pension then this might be worth looking at:
http://royalmailpensionplan.co.uk/" onclick="window.open(this.href);return false;
WHITEANT wrote:Your uncle can ask for his pension now ,he will take a hit on his lump sum and monthly pension but cant retire till hes 60
He can retire whenever he likes as long as he can afford to.
Links to all RM pension related websites are here
Lounge Lizard
EX ROYAL MAIL
Posts: 9458
Joined: 06 Aug 2007, 21:54

Re: Retirement Info Needed

Post by Lounge Lizard »

I'm dreading retirement, and just hope my last working day makes it all worthwhile, even if the fiver doesn't last much longer than the breakfast. :crazy: :crazy: