IHR + Pension

[comeracing]

Im really in need of help and peace of mind , can anyone who's been in a simular situation help .

My aim was to finish at rm next june ,as id be 55 and take a lump sum ,monthly pension and the supplement 30 + years service

Onto now im 54 , and been off with serious mh issues, im in the process of going down the IHR route ,figures banded about are 16 weeks pay and 12 weeks pilon with any outstanding leave to be added on .

Ok if I receive an IHR pay off , can I still do all the above a year later at 55 take my lump sum ,monthly pension etc ?

[RobertT]

The legal minimum age for taking any pension is 55(57 from 2028). The fact you might have taken an IHR lump sum is irrelevant.

In some circumstances and if your medical condition is deemed serious enough, it might be possible to take your pension without reduction and before 55.
For that to happen you need to meet the criteria for leaving the business due to 'ill health with income benefit'.
basically I think that means you'll no longer be able to work again.

If you think you might qualify, I suggest you get your union rep onto it.

There's a bit of info on that on the various pension websites.

[comeracing]

The legal minimum age for taking any pension is 55(57 from 2028). The fact you might have taken an IHR lump sum is irrelevant.

In some circumstances and if your medical condition is deemed serious enough, it might be possible to take your pension without reduction and before 55.
For that to happen you need to meet the criteria for leaving the business due to 'ill health with income benefit'.
basically I think that means you'll no longer be able to work again.

If you think you might qualify, I suggest you get your union rep onto it.

There's a bit of info on that on the various pension websites.

Thanks Robert much appreciated i intend to try gain employment elsewhere in the future .