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104 Weeks EVR Pay Stipulations

26 Mar 2019, 10:39

I am 55 and still in the Pension scheme. Will i pick 104 weeks evr if offered the package.
My colleague is 51 and still in the scheme, will he pcick up 104 weeks if offered the package.

104 Weeks EVR Pay Stipulations

26 Mar 2019, 15:31

I assume you actually mean VR – Voluntary Redundancy?

If you're offered VR what you get will depend on your age and length of service, up to a maximum of 104 weeks pay. You can work out what you might get by using this ready reckoner.

EVR is Early Voluntary Retirement and is a different thing that involves receiving an enhanced pension. But having recently re-read the CWU's 4 pillars pension agreement, I don't think it's still on the table.

104 Weeks EVR Pay Stipulations

18 Jun 2019, 14:30

So if you are getting your pension or not reguardless of age.If you are offerd VR not EVR.the ready reckoner kicks in????

So this aplies to everyone reguardless of service or paying into the pension or not ???

104 Weeks EVR Pay Stipulations

19 Jun 2019, 04:26

The way I understand it is that you have to be a member of the RMPP to be offered VR, the ready reckoner seems to suggest that, although I could be wrong?

Whether it also applies to those who've taken their pension, I don't know. Perhaps someone else does? I would hope that all those who've taken their pensions early have done their homework and know the answer to this!

VR should be offered on a seniority basis.

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