Early Voluntary retirement?

[teletubby]

Is it ever possible to ask for early voluntary retirement due to ill health?

[andy2007]

No, but it's possible to get ill health retirement, which gets you a payout.

[fishtank]

No, but it's possible to get ill health retirement, which gets you a payout.

34 weeks pay...i think it's approx £11,500 for a full-time OPG.
...there is also pension benefits... http://www.royalmailchat.co.uk/communit ... 36&t=15538" onclick="window.open(this.href);return false;

[easter bunny]

With IHR there is no pension benefits at all if your given the lump sum option....Only if your given the pension option which is very rare....

[fishtank]

With IHR there is no pension benefits at all if your given the lump sum option....Only if your given the pension option which is very rare....

Sorry eb i meant either/or... not both.

[wiganpostie]

No, but it's possible to get ill health retirement, which gets you a payout.

34 weeks pay...i think it's approx £11,500 for a full-time OPG.
...there is also pension benefits... http://www.royalmailchat.co.uk/communit ... 36&t=15538" onclick="window.open(this.href);return false;

Recently, a girl in our office managed to get 11 and a half grand's worth of ill health retirement and she was 'only' an AG. I feel a trip coming on

[fishtank]

Recently, a girl in our office managed to get 11 and a half grand's worth of ill health retirement and she was 'only' an AG. I feel a trip coming on

I don't know how an AG managed to get £11,500 unless they have changed the rules on IHR.

12.7 Calculation and Payment of Lump Sum Payments

The pay to be used for calculating lump sum payments is the basic weekly or monthly wage/salary of the individual’s grade (i.e. the rate of pay that they would have been in receipt of but for sickness absence or leave purchase arrangements) on the date of retirement plus any personal reserved rights payment and geographical supplement (e.g. London/RRIS) where applicable. No other elements of ‘pay’ should be included. Confirmation of inclusive elements within basic pay is available from HR Services.

[easter bunny]

Perhaps she was a 32hr AG...If you include the shares/leave and her notice period it would be about right....