evr vr terms and conditions

[hans solo]

what is the current terms etc
have they been changed at all with the last agreement
area rep saying max of 36wks pay re of how many years service
can someone confirm current terms please

[clashcityrocker]

34 weeks is Ill Health Retirement (+ PILON.)
EVR is 104 weeks I think.

[hans solo]

cheers i thought it was still 2yrs max +pension

[baldrick]

cheers i thought it was still 2yrs max +pension

Not 2yrs max + pension.
It's 26 weeks + pension if you are over 55 and haven't already taken your pension.

If you are under 55 the VR payment would depend on your age and length of service. To get the maximum 104 weeks you would need to be aged 52 with at least 22 years service. Your pension would be frozen until you reach 60 (I think).

If you have already taken your pension and opted out of all RM Pensions, including the new Workplace Pension they introduced last year you would need to be at least 57 years old, with at least 20 years service, to get the maximum 104 weeks VR.

[daveyeff]

you can take your pension at 55. even the one that changed recently.

[baldrick]

you can take your pension at 55. even the one that changed recently.

Yes you can, but it will be reduced by 5% for every year you take it before 60 (I think). And if you have taken it you might get the max 104 weeks VR if you have sufficient service.
But the OP was talking about VR/EVR. If you were taking that without already receiving your pension you would only get 26 weeks VR + slightly enhanced pension, not 2 years + pension, as he seemed to be saying.