See the PENSION AND REDUNDANCY thread at:
http://www.royalmailchat.co.uk/communit ... nt#p106185" onclick="window.open(this.href);return false; which contains an explanation of the difference between TMA1a and TMA1b.
Basically TMA1a has a compensation lump sum based on VR terms, but the pension is actuarially reduced if you
take it, though you can defer it until you reach 60 in which case, I think, you would recieve the full amount at 60.
TMA1b is where you recieve immediate payment of non-reduced and non-enhanced pension (and lump sum if
applicable) - but no additional compensation is paid.
The RM Pensions Service Centre should be able to advise you about TMA, their tel no is 0114 241 4545,
or you can email them on:
pensions.helpline@royalmail.com
If you take the pension now, whether full or reduced, it will remain the same when you reach 60 - though it will
be raised annually, roughly in line with inflation.
You need to bear in mind that if you take a pension now it might disqualify you from receiving JobSeekers Allowance
if you are unemployed. An ex-colleague of mine took EVR 4 years ago. He got a pension of £100 pw, and got
a part-time job as a Security Guard. He has now been made redundant from that and has been told he will not get
JSA because he has a pension.
You should get advice about that before making any decision. The Department for Work and Pensions has a helpline -
0800 055 6688 (Mon-Fri 8-6) which should be able to help.
