ill health lump sum retirement

[kenny_boy33]

Hi folks,

after 15 years service I was Ill Health Retired last month..you dont get a lot its true.Was just wondering, does anyone know how long you need to be away from RM before they will allow you to apply for job with them again after IHR and once you are fit n well again?..not that I want to return!

Ta,
Kenny

[stokes11eg]

Normally 2 years.

[marmite60]

Hiya,I am 50 years old and have 22 years service.I have today been offered 17k lump sum for ill health retirement.2 years ago royal mail calculated 32.5k for my evr lump sum which unfortunately I just missed out on. I can't believe I'm being offered a derisory £800 quid for each year of service. Is it worth challenging this 'offer'?

[stokes11eg]

You do not have to accept the offer of course, but there is a set formula, and only you can decide wether to take the offer and run!

[Thorby Bislam]

I've got a question you folks might be able to help me with.

If a person were to get IHR and said person was of an age where they could draw their pension early (55 or over),
but still some years away from state retirement age, would the pension be actuarily reduced ?

[guswood]

I've got a question you folks might be able to help me with.

If a person were to get IHR and said person was of an age where they could draw their pension early (55 or over),
but still some years away from state retirement age, would the pension be actuarily reduced ?

I was ill health retired last November.I was going to retire next May anyway so I was six months short of my sixtieth birthday.
I rang the pension helpline and asked for a pension forecast for May when I will be sixty and one if I were to take my pension now.
It worked out that if I took it now then I would lose £3.20 p/w off of my pension and £419.30 from my lump sum.
So I have decided to wait until May this year. Obviously, the longer it is until your sixtieth birthday, if you draw your pension early,
Then the more the pension will be reduced.

[Thorby Bislam]

Thanks Gus. Just to confirm then, pension is actuarilly reduced for the years up to age 60, not up to 65 ?
That is, for a wholly hypothetical example, IHR at 55 would see pension reduced by 5 years at 5% per year = by 25% in total, and not by 10 years at 5% per year = by 50% in total. Have I got this right ?

[guswood]

Thanks Gus. Just to confirm then, pension is actuarilly reduced for the years up to age 60, not up to 65 ?
That is, for a wholly hypothetical example, IHR at 55 would see pension reduced by 5 years at 5% per year = by 25% in total, and not by 10 years at 5% per year = by 50% in total. Have I got this right ?

Sorry for the delay in answering but now I am retired I have so much to do Yes , you are right , your pension is only reduced up to age 60, if you were going to retire then. I'm sorry but I don't know how that works if you are retiring at 65.

[Thorby Bislam]

Thanks again, gus

[bluegoo]

Hello All
I have been off now for almost 9 month with a medical problem, Atos told me on the last call if I felt I could not return for fear of going through the same again I could go for IHLS but had to have a call from one of there doctor's first.
In the call the doctor told me that yes there is a time span of 9 months unfit BUT it only starts after that call, so in effect I will not be eligable for IHLS for another 9 months, I cant believe they would want to keep paying me rather than just get me off thier back now.
I dont really want to go under the knife at the moment and feel satying away from a job I no longer wish to be in would serve me better.
I think I am just going to walk away but has the information thier doctor gave me been correct?
Any help and advice would be most welcome.
Thanks

[chuckychucks]

delete

[bluegoo]

Thanks ChuckyChucks

I hope thats the case, Job is slowly wearing me down and dont want to do myself anymore damage, I hope you get yours sorted too mate.
If anyone else has the definate procedure and advice for us would be most helpful
Thanks

[demon]

broke me foot getting out of the van this will beneally 2 years ago it is still not ok have to have opp to ease the pain but not much they can do for me went to see d w p and they said it has left me with a 15 percent dissabilty how long before royal mail insurences pay up all the hospital and phsyo is costing me a small fortune any help would be great

[bluegoo]

Hello All

Any advice available yet to my previous post about the procedure for IHLS,
Would be helpful to know the time lines involved and if I have been informed correctly?
Thanks

[TrueBlueTerrier]

Hello All

Any advice available yet to my previous post about the procedure for IHLS,
Would be helpful to know the time lines involved and if I have been informed correctly?
Thanks

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