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Ill health retirement advice??

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tcannabellarose
Posts: 7
Joined: 18 Jun 2013, 20:21
Gender: Female

Ill health retirement advice??

Post by tcannabellarose »

I am being ill health retired soon, RM have given me a figure to leave. A lump sum figure that looks ok and 12 weeks in lieu of leave. Does anyone know what weeks they are supposed to pay? The 12 weeks seems pretty low. I am unable to work due to arthritis and I have been off sick since since march 5th. I do plan to call my union but I was just wondering if before I do? Thanks in advance
:shock:
rehabron
Posts: 1372
Joined: 01 Jul 2012, 18:43
Gender: Male

Re: Ill health retirement advice??

Post by rehabron »

Your lump sum figure should have been calculated at 34 weeks wages and a further 9 weeks lieu of notice. If you have received 12 weeks then the additional weeks are for outstanding holiday leave.
aiden01
MAIL CENTRES/PROCESSING
Posts: 7001
Joined: 27 Feb 2013, 21:43
Gender: Male

Re: Ill health retirement advice??

Post by aiden01 »

rehabron wrote:Your lump sum figure should have been calculated at 34 weeks wages and a further 9 weeks lieu of notice. If you have received 12 weeks then the additional weeks are for outstanding holiday leave.
can you take a lump sum of your pension early even though you are well of retirement age i.e be 48 soon if you are offered i.h.r.
P13
Posts: 1016
Joined: 11 Oct 2007, 14:35
Gender: Male

Re: Ill health retirement advice??

Post by P13 »

Lieu of notice is between 9 and 12 weeks dependant on length of service
easter bunny
Posts: 378
Joined: 01 Jul 2007, 20:08

Re: Ill health retirement advice??

Post by easter bunny »

IHR with Lump sum is calculated at 34 weeks pay + 9/12 weeks notice + outstanding leave at time the notice was given + shares.

NI and Tax will be deducted from the leave amount . You will have to contact HR regarding the payment and issue of the shares.

Pension cannot be touched until at least 55.