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evr

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heckster
Posts: 48
Joined: 03 Jul 2012, 18:01
Gender: Male

evr

Post by heckster »

does anyone know what sort of lump sum if I take an evr at 56. I have over 35 years service
I believe when I take my pension I will lose 190% of the pension
I am 56 in may
we have evrs being offered in Birmingham
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hans solo
Posts: 3279
Joined: 06 Feb 2011, 18:08
Gender: Male

Re: evr

Post by hans solo »

wish they would offer me it :wave
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Shaman Mao
Posts: 133
Joined: 03 Jan 2013, 22:46
Gender: Male

Re: evr

Post by Shaman Mao »

You'll get 3 different offers:
1. normal pension and enhanced lump sum
2. enhanced pension but no lump sum
3. reduced pension and enhance lump sum
There will also be a small compensatory payment attached to each of these but I can't remember how it''s worked out. You need to look at the MTSF and BT2010 agreements for the calculations.
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gazza3010
EX ROYAL MAIL
Posts: 20
Joined: 05 Dec 2013, 20:00
Gender: Male

Re: evr

Post by gazza3010 »

You will be offered 41,000 ish for evr, this amount is capped I believe, so any service after 25 yrs is not counted
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daveyeff
Posts: 4699
Joined: 12 Mar 2010, 19:38
Gender: Male

Re: evr

Post by daveyeff »

heckster wrote:does anyone know what sort of lump sum if I take an evr at 56. I have over 35 years service
I believe when I take my pension I will lose 190% of the pension
I am 56 in may
we have evrs being offered in Birmingham
190% ?? thats wrong. its about 50%, but you dont lose anything in the long term. you will be getting you're pension 9 years early, so the money you recieve each month for those 9 years makes up for what you initially forfeit.
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