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Pension

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
volvoman352
EX ROYAL MAIL
Posts: 3
Joined: 25 Jan 2010, 15:50
Gender: Male

Pension

Post by volvoman352 »

Need some help I was medical discharge from RM about three years ago bad heart however I am 55 years of age band C on the pension and did 14 years with RM, can I draw my pension is their a lump sum (some hope) I have tried to talk to the pension people but they seem to what to get very technical I just want English How much a year and so on, any guidance would be helpful.
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POSTMAN
SITE ADMINISTRATOR
Posts: 32710
Joined: 07 Aug 2006, 03:19
Gender: Male

Re: Pension

Post by POSTMAN »

Moved to pension forum.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
RobertT
EX ROYAL MAIL
Posts: 6654
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Pension

Post by RobertT »

volvoman352 wrote: can I draw my pension is their a lump sum (some hope)
You should be able to get at your pension but will have to take a reduction, due to you taking it before normal RM retiring age. As a Section C member, a lump sum is an option too.
I have tried to talk to the pension people but they seem to what to get very technical I just want English How much a year and so on, any guidance would be helpful.
Personally, whenever I've phoned up the pension service centre, I've found them to be totally useless. So I always write or email them, which obviously takes longer than a phone call, but their replies are better.

More info can be found on the pension website:
http://royalmailpensionplan.co.uk/" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here