Buy down of Hours

Big Daz · Post by **Big Daz** » 07 Jul 2007, 17:46

Does anybody know the formula for buy down of hours?

madelin4 · Post by **madelin4** » 07 Jul 2007, 17:50

Big Daz wrote:Does anybody know the formula for buy down of hours?

Heard about it but dont know how the work out how much to give u..interesting point tho.

lovejoy · Post by **lovejoy** » 07 Jul 2007, 18:01

The formula for buy down and EVR is contained in the MTSF agreement. If you go into the agreements section of the national website it's on there. I would attach it on here but it's a bit big

madelin4 · Post by **madelin4** » 07 Jul 2007, 18:06

madelin4 wrote:
Big Daz wrote:Does anybody know the formula for buy down of hours?
Heard about it but dont know how the work out how much to give u..interesting point tho.

If u find any info let me know..iv only been with r m 7 years so prob wudnt get that much

nelson · Post by **nelson** » 07 Jul 2007, 18:08

Hope this works http://www.cwunorthern.co.uk/mtsf.htm#Appendix5

madelin4 · Post by **madelin4** » 07 Jul 2007, 18:18

nelson wrote:Hope this works http://www.cwunorthern.co.uk/mtsf.htm#Appendix5

very helpful nelson,interestin bit about home relocation assistance? does that mean that if you are moving house u get a transfer easier?

Punk · Post by **Punk** » 07 Jul 2007, 18:32

Dont know what the formula is but they offered me Â£5500 to drop down to 30 hours. That was taking into account my 18 odd years service which they rounded up to 19 and my age at next birthday. Manager seemed pissed off when I didn't buy it.

nelson · Post by **nelson** » 07 Jul 2007, 18:35

home relocation assistance?

I think so but!!!!!!!!!!!!!!!!!!

madelin4 · Post by **madelin4** » 07 Jul 2007, 18:54

nelson wrote:
home relocation assistance?

I think so but!!!!!!!!!!!!!!!!!!

dont sound good ..they prob wont help with that now they r looking rid of us.

madelin4 · Post by **madelin4** » 07 Jul 2007, 18:55

Punk wrote:Dont know what the formula is but they offered me Â£5500 to drop down to 30 hours. That was taking into account my 18 odd years service which they rounded up to 19 and my age at next birthday. Manager seemed pissed off when I didn't buy it.

if i got that for 7 years i wud be happy..be lucky to get 2k!!!

gazzer · Post by **gazzer** » 07 Jul 2007, 19:05

madelin4 wrote:
nelson wrote:Hope this works http://www.cwunorthern.co.uk/mtsf.htm#Appendix5
very helpful nelson,interestin bit about home relocation assistance? does that mean that if you are moving house u get a transfer easier?

A guy in our SPDO has been waiting over 4 years for a transfer-he is being totally pissed about,reckon they are hoping he just packs the job in

Big Daz · Post by **Big Daz** » 07 Jul 2007, 19:37

Read through the MTSF but cant work out out what i would get, obbvisouly worked too hard this week to compensate for loss of wages due to IA.

I have 16 years service next month. Anybody fancy doing the maths for me please?

Post by **TrueBlueTerrier** » 07 Jul 2007, 19:44

I've got it as a ready reckoner on my PC - Anyone who wants figures I need the following details:

Date of Birth

Buy down Effective Date

Date of Employment

Years Service

Average weekly pensionable pay

Old Hours

New Hours

PM me rather than give details on a public forum - will try to answer as quick as possible but may take a day or two if demand is high.

bristolchris · Post by **bristolchris** » 07 Jul 2007, 20:35

TBT, I don`t need it , but way to go, Top Man.

Post by **dvbuk55** » 07 Jul 2007, 22:26

I couldn't tell you the formula but I had buy down last year.

It amounted to more than I would have earned if I worked full time for two years. After 2 years you could return to full time without prejudice - if of course there are any ful time vacancies then.

Having said that if I had not been 59+ and can draw a pension then I would have had serious misgivings.

ROYALMAILCHAT

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