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Retirement incentives at 55

25 Jan 2020, 13:29

Is it true there is some kind of extra payment if you actually leave the business on your 55th birthday having taken benefits early?

Retirement incentives at 55

25 Jan 2020, 14:06

Not that I am aware......Robert T??

Retirement incentives at 55

25 Jan 2020, 14:06

Dabba wrote:Is it true there is some kind of extra payment if you actually leave the business on your 55th birthday having taken benefits early?

No!

Retirement incentives at 55

25 Jan 2020, 20:25

Cheers both-i'm in this position and a colleague of a colleague who did this last year seems to think he did. But I do realise now the complexity of rm pensions if you've been in for a decade or three.

Retirement incentives at 55

25 Jan 2020, 21:35

Pension supplement that's payable from leaving Royal mail to the time when you receive your state pension?

Retirement incentives at 55

26 Jan 2020, 10:37

It sounds to me as if the person in question is either talking about their tax free lump sum, which they would be perfectly entitled to take. Section A/B members get one as standard, while it's an option for those in section C.

Or else they took voluntary redundancy and received a payment in return for giving up their job, and subsequently took their pension(reduced for early payment).

Retirement incentives at 55

27 Jan 2020, 22:28

How much will I get taking a deal at 55 with 38 years service?

Retirement incentives at 55

29 Jan 2020, 20:46

TheStrangler wrote:Pension supplement that's payable from leaving Royal mail to the time when you receive your state pension?


That is what I thought they were referring to too. Maybe it is only payable from the NRA(60 or 65) and not from the date you take the benefits if you take them early, I don't know but I know a man who does........ :shhhhh

Retirement incentives at 55

29 Feb 2020, 15:52

It's clear to me now that it was not a tick box exercise 'leave on your 55th birthday and you will get this.. ..'and The chap who left has fallen off the radar. I think Mr Strangler(as paxman might address you!) must be right.

Whatever, my feet can not take any more 5 hour deliveries (working at pace - a civilised one) and I am pleased with what I got especially as we were all staring into a massive black hole not so long back.

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