e.v.r

[stodgy88]

if i take E.V.R will i still get lump sum when my pension is due at 60-cheers

[oscarmacca]

If you are approaching 60 what normally happens is your Pension is calculated as if you had worked till your 60th birthday and the Lump Sum is paid out tax free, the remainder being your redundancy payment.
I don't know however if the rules regarding "normal retirement age" in an EVR package were changed in line with last years' announcement that all staff born after 1950 ? would work until reaching 65, before receiving full Pension rights.

Best to check with Pensions helpline at Chesterfield.

[hubbahubba]

If you are approaching 60 what normally happens is your Pension is calculated as if you had worked till your 60th birthday and the Lump Sum is paid out tax free, the remainder being your redundancy payment.
I don't know however if the rules regarding "normal retirement age" in an EVR package were changed in line with last years' announcement that all staff born after 1950 ? would work until reaching 65, before receiving full Pension rights.

Best to check with Pensions helpline at Chesterfield.

just out of curiousity,does anyone know the way that e.v.r is calculated,ie-how mauch over how many years etc?

[oscarmacca]

Over 60-Big Bucks up to a maximum 2 years wages. Under 60-6 months' wages

[truckway]

If you are approaching 60 what normally happens is your Pension is calculated as if you had worked till your 60th birthday and the Lump Sum is paid out tax free, the remainder being your redundancy payment.
I don't know however if the rules regarding "normal retirement age" in an EVR package were changed in line with last years' announcement that all staff born after 1950 ? would work until reaching 65, before receiving full Pension rights.

Best to check with Pensions helpline at Chesterfield.

If they want me to carry on working past the age of 60. Then they will need to find me an easier job then deliveries.