VR ?

[newboy23]

Would royal mail let me leave but still keep my shares as there looking to get rid of loads of people ? I dont want any kind of pay off just wana keep my shares lol

[TrueBlueTerrier]

Retirement or redundancy - both you keep shares - and death

[arnold cheshire]

Would royal mail let me leave but still keep my shares as there looking to get rid of loads of people ? I dont want any kind of pay off just wana keep my shares lol

only if you are over 60

[pj2001]

Would royal mail let me leave but still keep my shares as there looking to get rid of loads of people ? I dont want any kind of pay off just wana keep my shares lol

only if you are over 60

Nope...not true.

[arnold cheshire]

Would royal mail let me leave but still keep my shares as there looking to get rid of loads of people ? I dont want any kind of pay off just wana keep my shares lol

only if you are over 60

Nope...not true.

he says he doesnt want a pay off so whats available then ?

[arnold cheshire]

https://www.myroyalmail.com/news/2013/0 ... royal-mail" onclick="window.open(this.href);return false;

[wacko74]

Purely from a business point of view it makes no sense to not give the free shares to people who resign... I'm sure their are plenty of posties who aren't entitled to VR but would gladly hand their notice in anyway if they at least got the incentive of keeping their free shares, saving the business a hell of a lot of money in redundancy payouts.

[bustedflush]

Purely from a business point of view it makes no sense to not give the free shares to people who resign... I'm sure their are plenty of posties who aren't entitled to VR but would gladly hand their notice in anyway if they at least got the incentive of keeping their free shares, saving the business a hell of a lot of money in redundancy payouts.

The sentiment here may be agreeable, but unfortunately these share schemes are covered by legislation outside RM's control.

[TrueBlueTerrier]

Would royal mail let me leave but still keep my shares as there looking to get rid of loads of people ? I dont want any kind of pay off just wana keep my shares lol

only if you are over 60

Nope...not true.

he says he doesnt want a pay off so whats available then ?

If he officially retires then he can probably keep them. However, if he retires to keep the shares he can't work again, don't forget there is no longer a default retirement age, you can retire when ever you want. Its the state pension that pays out between 65-68 now.

[RobertT]

Would royal mail let me leave but still keep my shares as there looking to get rid of loads of people ? I dont want any kind of pay off just wana keep my shares lol

only if you are over 60

Nope...not true.

he says he doesnt want a pay off so whats available then ?

If he officially retires then he can probably keep them. However, if he retires to keep the shares he can't work again, don't forget there is no longer a default retirement age, you can retire when ever you want. Its the state pension that pays out between 65-68 now.

My understanding is that if you are 60 or over and leave, you are deemed to be retiring and so get to keep your shares. So the 3/5 year rule does not apply. I believe people of around that age all got letters not long after we got the first allocation stating that.

Sorry to be a geek but just to clarify:

The official state pension age for men is still 65 and at the time of writing this, it’s about 62 years & 8 months for women.
Women’s state pension age will continue to increase steadily until November 2018 when it will reach 65. From then on both genders will see it increase to 66 by October 2020.

It will increase to 67 between 2026 and 2028 and to 68 between 2044 and 2046. But don’t be surprised to see those dates, particularly the increase from 67 to 68, being brought forward.

[TrueBlueTerrier]

I am watching that date with a beady eye - currently my retirement date is 2031- right in the firing line

Thanks for the clarification though.

[RobertT]

I am watching that date with a beady eye - currently my retirement date is 2031- right in the firing line

Thanks for the clarification though.

So that makes you around 51 years old? I always thought you were much younger.