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sickness health early retirement lump sum

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ky300rm
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Joined: 01 May 2011, 12:03
Gender: Male

sickness health early retirement lump sum

Post by ky300rm »

dear union rep,i,ve been selected for ill health retirementwith a lump sum,i would like to know how much i will be offered please,i have been at r mail since 28 may 1998 nearly 13yrs,i took my pension at 60,i am 64 on 1st august,got a meeting on thurs 5th may with mail centre manager,so i need to know whats what,should i take a rep with me,cheers ken.
arnold cheshire
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Location: england

Re: sickness health early retirement lump sum

Post by arnold cheshire »

take anything you can get hold of
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POSTMAN
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Re: sickness health early retirement lump sum

Post by POSTMAN »

should i take a rep with me,
Errrr YES!!!
As for figures,not sure how it works but others hopefully will come on and give a bit of advice.
Not sure but your age could make a difference.
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arnold cheshire
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Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: sickness health early retirement lump sum

Post by arnold cheshire »

early retirement you should have gone at 60 i hope you get nothing :crazy:
Pinky 1
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Location: Wales

Re: sickness health early retirement lump sum

Post by Pinky 1 »

You won't have to give a final answer there and then, so take away all the relevent information you are given and give it some thought.
Don't be rushed into any decision, and if you haven't used your local rep, seek him/her out :cool
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TrueBlueTerrier
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Re: sickness health early retirement lump sum

Post by TrueBlueTerrier »

bringon4dayweeks wrote:early retirement you should have gone at 60 i hope you get nothing :crazy:
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easter bunny
Posts: 378
Joined: 01 Jul 2007, 20:08

Re: sickness health early retirement lump sum

Post by easter bunny »

Hi Ken,

The IHR lump sum will be near enough the same for everybody, 34 weeks pay, outstanding leave and notice period 9-12 weeks. The monies owed except for the outstanding leave will be Tax and NI Free. It will be paid pro-rota if you are PT

You should take a Senior Rep with you, someone who knows the IHR agreement 2009 would be preferred. Personally, at your age I would take the deal , as the money would almost take you to 65 anyway.