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VR and EVR......

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.
pj2001
EX ROYAL MAIL
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Joined: 27 Jun 2012, 20:37
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VR and EVR......

Post by pj2001 »

What's the difference between vr and evr?
TrueBlueTerrier
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Re: VR and EVR......

Post by TrueBlueTerrier »

pj2001 wrote:What's the difference between vr and evr?
Voluntary Redundancy

Early Voluntary Retirement.
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RobertT
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Re: VR and EVR......

Post by RobertT »

pj2001 wrote:What's the difference between vr and evr?
VR – is a payout of up to 104 weeks pay depending on age and service and is offered to the under 55’s or to people who aren’t in any of the RM pension schemes.
EVR is getting you RMPP early without any reduction plus a small enhancement and 26 weeks pay. It’s offered to the over 55’s because that’s the earliest age your pension will be accessible, except for ill health reasons.
Links to all RM pension related websites are here