why 29th september for lump sum ?

[roadrunner bill]

why so long to get whats owed in monies....... interest to pay it ? i dont know..

seems a long time to pay whats due now..................

[Jefferson Starfish]

They can't afford it at the moment and are waiting until volumes and therefore income picks up.

[TheTrolleyMan]

Manager at our place reckons RM won’t be paying out the £500

[jahbalon]

It does seem a long way off, and I was hoping they could at least fast track the £500 lump sum
for our long suffering postal staff.

CWU should get their fingers out

[SMS1969]

Manager at our place reckons RM won’t be paying out the £500

A scare mongering manager, who’d of thought they exist.

[Judgee]

It gives them a couple of months to think of an excuse not to pay it!

[LouBarlow]

Maybe it takes time to coordinate the two payments considering they have to account for pro rata payments and also combine this with the other pension sourced lump sum and combine them into the same payroll.

Maybe worry about it if it doesn’t happen?

[Binsey]

It’s also St Michaels Day.

In the past all monies owed had to be paid.

[plymouth3]

I reckon it will take time to cash in the pension surplus

Why combine the two?

I reckon we will just get 1400 tops and maybe RM hoping pension comes in at 1200 so only have to pay 200 lump sum?

Possible

[koolishy67]

Manager at our place reckons RM won’t be paying out the £500

They will they won't take risk in pick.season time

[scotboyblue]

I’m leaving RM in the middle of September, just wondering if I will still be eligible for the payment.
To be honest if I do it will be a bonus, if not I’m just glad to get out after 25 years.

[plymouth3]

Those working on 4 Aug qualify

But I wouldn’t trust them

Why not just work 2 extra weeks for £1,400
You know it makes sense

[robking]

I’m leaving RM in the middle of September, just wondering if I will still be eligible for the payment.
To be honest if I do it will be a bonus, if not I’m just glad to get out after 25 years.

This Friday, 4th of August is the cut-off date so you will still get it.

To answer the original question, it probably takes time to cash in the insurance bond from the pension plan to pay the 'at least' £900 as for the £500 they just want to make or save a bit of interest on our money so they plan to pay them both together.

[Clappedoutpostie]

My opinion is they have pushed it until the 29th September whilst they quickly put the changes in place to see if there’s a reaction from the union/unofficial industrial action. I am a cynic though.

[LouBarlow]

My opinion is they have pushed it until the 29th September whilst they quickly put the changes in place to see if there’s a reaction from the union/unofficial industrial action. I am a cynic though.

That crossed my mind too. They have definitely bent the rules on the agreement already especially with the sickness changes.