Hi to all,
I will try to be brief but concise as possible,
I worked for Royal Mail between 1985 & 1996 and I will be 55 in July 2019.
Will I be able to apply and receive my Royal Mail pension on my 55th birthday,if I apply at least 6 months before?
(Yes l am aware I will lose 25% of my NRA60)
Along with my current employers pension I want to retire from work at 55.
Are there any conditions/issues that I may encounter?
Thankyou in advance for any advice given.
Phil
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!
Ex employee wanting to take pension at 55
-
Stuntman Mike
- EX ROYAL MAIL
- Posts: 5
- Joined: 10 Feb 2012, 18:32
- Gender: Male
-
RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Ex employee wanting to take pension at 55
Based on previous posts on the subject, I think it's best to apply 3-4 months before you want to start getting your pension. Any earlier and they won't start the procedure, any later might mean waiting until after your 55th. Someone with personal experience might come along and confirm that?
There lots of info on the RM Pension Plan on their website: https://www.royalmailpensionplan.co.uk/" onclick="window.open(this.href);return false; and in particular the library section.
There lots of info on the RM Pension Plan on their website: https://www.royalmailpensionplan.co.uk/" onclick="window.open(this.href);return false; and in particular the library section.
Links to all RM pension related websites are here
-
Stuntman Mike
- EX ROYAL MAIL
- Posts: 5
- Joined: 10 Feb 2012, 18:32
- Gender: Male
Ex employee wanting to take pension at 55
Hi and thanks for the advice,much appreciatedRobertT wrote:Based on previous posts on the subject, I think it's best to apply 3-4 months before you want to start getting your pension. Any earlier and they won't start the procedure, any later might mean waiting until after your 55th. Someone with personal experience might come along and confirm that
There lots of info on the RM Pension Plan on their website: https://www.royalmailpensionplan.co.uk/" onclick="window.open(this.href);return false; and in particular the library section.
-
Fatboyslim
- EX ROYAL MAIL
- Posts: 117
- Joined: 30 May 2010, 10:27
- Gender: Male
Ex employee wanting to take pension at 55
I left the company - and did exactly the same.
You can only apply exactly 2 months before. You need to give them a call. They will ask you to send a letter with your signature on it. They will then send you an application form. You must return this with photographic evidence you are you. Passport, driving licence etc. Just a photocopy though. Not the original.
They will then send a form explaining all of your payment options. I had about 10 options. Complete this. Lump sum is payable on your 55th birthday. Pension payable on last day of month. First month is pro-rata - unless you are born on the 1st!
You can only apply exactly 2 months before. You need to give them a call. They will ask you to send a letter with your signature on it. They will then send you an application form. You must return this with photographic evidence you are you. Passport, driving licence etc. Just a photocopy though. Not the original.
They will then send a form explaining all of your payment options. I had about 10 options. Complete this. Lump sum is payable on your 55th birthday. Pension payable on last day of month. First month is pro-rata - unless you are born on the 1st!
-
Stuntman Mike
- EX ROYAL MAIL
- Posts: 5
- Joined: 10 Feb 2012, 18:32
- Gender: Male
Ex employee wanting to take pension at 55
Hi,
That is exactly what I needed to hear and know.
Thanks very much.
Phil
That is exactly what I needed to hear and know.
Thanks very much.
Phil