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Redundancy preference exercise
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Ringer21
- Posts: 127
- Joined: 13 Jul 2016, 15:04
- Gender: Male
Re: Redundancy preference exercise
I'm really undecided what to do I'm a non driver so thinking it's possible they might get rid of me at some point the deadline is Sunday if I apply to give myself more time to think about it do I have to take it if I was offered it.
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meweavy
- Posts: 473
- Joined: 10 May 2007, 11:07
Re: Redundancy preference exercise
AFAIK,it's optional,you are not commiting yourself to redundancy if you are offered it.
The choice is yours,I'm the same,I've applied on the app and cancelled it so many times.
But the deadline is the 27th,but If you change your mind then you go in the app and cancel your application.
But truth be told,I don't for 1 second believe anyone will get the 6k on top.
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Ringer21
- Posts: 127
- Joined: 13 Jul 2016, 15:04
- Gender: Male
Re: Redundancy preference exercise
Thanks for your reply I might put in for it and see what happens. 
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norris9
- Posts: 2690
- Joined: 27 Feb 2019, 17:32
- Gender: Female
Re: Redundancy preference exercise
I can't even use the app. Why do they have this stupid app!meweavy wrote: ↑25 Nov 2022, 15:40AFAIK,it's optional,you are not commiting yourself to redundancy if you are offered it.
The choice is yours,I'm the same,I've applied on the app and cancelled it so many times.
But the deadline is the 27th,but If you change your mind then you go in the app and cancel your application.
But truth be told,I don't for 1 second believe anyone will get the 6k on top.
Is there any way around it?
I have an older smart phone but it won't allow me to download the People's app as I don't and cannot get the relevant operating system on my phone.
Do they have a website version? I can't find anything.
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meweavy
- Posts: 473
- Joined: 10 May 2007, 11:07
Re: Redundancy preference exercise
I'm not sure tbh,I just use the app.norris9 wrote: ↑25 Nov 2022, 16:51I can't even use the app. Why do they have this stupid app!meweavy wrote: ↑25 Nov 2022, 15:40AFAIK,it's optional,you are not commiting yourself to redundancy if you are offered it.
The choice is yours,I'm the same,I've applied on the app and cancelled it so many times.
But the deadline is the 27th,but If you change your mind then you go in the app and cancel your application.
But truth be told,I don't for 1 second believe anyone will get the 6k on top.
Is there any way around it?
I have an older smart phone but it won't allow me to download the People's app as I don't and cannot get the relevant operating system on my phone.
Do they have a website version? I can't find anything.
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Jack1960
- EX ROYAL MAIL
- Posts: 333
- Joined: 05 Jan 2016, 17:39
- Gender: Male
Re: Redundancy preference exercise
Ask your manager, i think he has helped a coupleof people in our office.meweavy wrote: ↑25 Nov 2022, 16:54I'm not sure tbh,I just use the app.norris9 wrote: ↑25 Nov 2022, 16:51I can't even use the app. Why do they have this stupid app!meweavy wrote: ↑25 Nov 2022, 15:40AFAIK,it's optional,you are not commiting yourself to redundancy if you are offered it.
The choice is yours,I'm the same,I've applied on the app and cancelled it so many times.
But the deadline is the 27th,but If you change your mind then you go in the app and cancel your application.
But truth be told,I don't for 1 second believe anyone will get the 6k on top.
Is there any way around it?
I have an older smart phone but it won't allow me to download the People's app as I don't and cannot get the relevant operating system on my phone.
Do they have a website version? I can't find anything.
One ,aged 63, would get about 27 thousand including the 6 thousand.
Another aged 65 gets 30 weeks plus the 6 thousand.
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RobertT
- EX ROYAL MAIL
- Posts: 6687
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Redundancy preference exercise
Yep!
https://flpnwc-tiqlowleu9.dispatcher.eu ... Shell-home
Not sure why they can't reduce the size of the URL?
Might be an idea to bookmark it for future reference.
Links to all RM pension related websites are here
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TOWER1
- Posts: 95
- Joined: 24 Sep 2019, 16:05
- Gender: Male
Re: Redundancy preference exercise
Robert
Thank you for your earlier reply and information
Really appreciated
So we do receive statutory as well as voluntary?
Been told we only get it with compulsory redundancy?
I am looking at my options
Thanks again
Thank you for your earlier reply and information
Really appreciated
So we do receive statutory as well as voluntary?
Been told we only get it with compulsory redundancy?
I am looking at my options
Thanks again
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meweavy
- Posts: 473
- Joined: 10 May 2007, 11:07
Re: Redundancy preference exercise
As it stands voluntary with a 6k carrot on top.
Then talk of compulsory but not until March 23 according to amazing offer.
But this has obviously been knocked back.
Compulsory will most likely be the government minimum, which you can work out on gov.co.uk I think.
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redlen
- Posts: 1347
- Joined: 21 Dec 2021, 12:05
- Gender: Male
Re: Redundancy preference exercise
You only get Statutory redundancy if the employer does not have the means to pay normal contractual redundancy pay.
Things like the employer goes bankrupt
Things like the employer goes bankrupt
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meweavy
- Posts: 473
- Joined: 10 May 2007, 11:07
Re: Redundancy preference exercise
meweavy wrote: ↑25 Nov 2022, 17:50As it stands voluntary with a 6k carrot on top.
Then talk of compulsory but not until March 23 according to their amazing offer.which blows mynibd how royal mail actually thinks that's a good offer.
But this has obviously been knocked back.
Compulsory will most likely be the government minimum, which you can work out on gov.co.uk I think.
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zz666
- Posts: 223
- Joined: 22 Jul 2016, 20:08
- Gender: Male
Re: Redundancy preference exercise
Excuse me if this has been asked before, but say you put In for redundancy on app, could you change your mind if offered it before the end of January. In essence are you committed to it after closing date on Sunday?
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TOWER1
- Posts: 95
- Joined: 24 Sep 2019, 16:05
- Gender: Male
Re: Redundancy preference exercise
Thanks again all.
Looking now!
Looking now!
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RobertT
- EX ROYAL MAIL
- Posts: 6687
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Redundancy preference exercise
The offer via the app is for voluntary redundancy – max of 39 weeks pay + £6k(pro rata).
Statutory is the minimum they have to give you.
You don't get both!
If they make anyone compulsory redundant, it's likely to be the statutory amount, but theoretically I don't think there's anything stopping them offering more.
Links to all RM pension related websites are here
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RobertT
- EX ROYAL MAIL
- Posts: 6687
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Redundancy preference exercise
You're not committed at all by signing up via the app. All you're doing is showing an interest.
If they offer it to you, you'll have until 31st January to say yes or no. After that date, your decision is final.
That's assuming they don't pull the offer beforehand!
Links to all RM pension related websites are here