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medical or voluntary pension

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.
up a big hill
Posts: 13
Joined: 26 May 2009, 18:08
Gender: Male

medical or voluntary pension

Post by up a big hill »

does anyone know the difference between taking your 65 pension early through medical retirement apposed to voluntary . with the added possibility of the Pension Supplement ,, am 61 at present .. 28 years service ... already asked pensions to give me a break down .. so just a general question.. chhers
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

medical or voluntary pension

Post by RobertT »

up a big hill wrote:does anyone know the difference between taking your 65 pension early through medical retirement apposed to voluntary . with the added possibility of the Pension Supplement ,, am 61 at present .. 28 years service ... already asked pensions to give me a break down .. so just a general question.. chhers
Assuming your talking about being given ‘ill health retirement with immediate payment of pension’ there is info on the matter in the ‘guide to your ill health benefits’ here: http://www.royalmailpensionplan.co.uk/s ... an/library" onclick="window.open(this.href);return false;

If you’re talking about being given ‘ihr with lump sum’ and choosing to take your pension, then the normal reductions would apply.
Links to all RM pension related websites are here
up a big hill
Posts: 13
Joined: 26 May 2009, 18:08
Gender: Male

medical or voluntary pension

Post by up a big hill »

RobertT wrote:
up a big hill wrote:does anyone know the difference between taking your 65 pension early through medical retirement apposed to voluntary . with the added possibility of the Pension Supplement ,, am 61 at present .. 28 years service ... already asked pensions to give me a break down .. so just a general question.. chhers
Assuming your talking about being given ‘ill health retirement with immediate payment of pension’ there is info on the matter in the ‘guide to your ill health benefits’ here: http://www.royalmailpensionplan.co.uk/s ... an/library" onclick="window.open(this.href);return false;

If you’re talking about being given ‘ihr with lump sum’ and choosing to take your pension, then the normal reductions would apply.
cheers yep being given ill health