ill health retirement.

[markmutley]

Can I just ask what the formula is for ill health retirement I know I'm entitled to 46 weeks 34 weeks plus 12 in lieu of notice but is it basic pay only or basic pay plus the £23 supplement. ??

[Ricardo44]

AFAIK basic pay only.

I'm not 100 per cent sure though.

[bustedflush]

Can I just ask what the formula is for ill health retirement I know I'm entitled to 46 weeks 34 weeks plus 12 in lieu of notice but is it basic pay only or basic pay plus the £23 supplement. ??

If I recall correctly last year when I got IHR'd I did get the supplement. I think in line with the gist of various legislation you get everything you got weekly bar overtime.

[bidders45]

hi does any one know how they work out lump sum payment due to ill health retirement, is it done on how many years service?
regards
graham.

[TrueBlueTerrier]

http://www.glosamal.co.uk/Docs/Group_Il ... nt_200.pdf" onclick="window.open(this.href);return false;

12.2 Retirement on Ill Health Grounds with Immediate Pension
Active members of the Royal Mail Pension Plan with 5 years service or more
and at least two years qualifying service in the Pension Plan meeting the
criteria for retirement on ill-health grounds will have their pension based on
their full benefits calculated up to their last day of service plus 75% of future
pensionable service up to normal retirement age.

In addition, the 75% projection of prospective service will apply equally to the
widow(er)’s and children’s pensions payable in the event of death in service
of an employee in accordance with the provisions outlined above.
Alternatively for active members with more than 10 years’ service, if it gives
higher benefits, the enhancement will be to 20 years’ service, or by an
additional six and two thirds years or up to normal retirement age if earlier.
For active members with between 5 and 10 years’ service, enhancement will
be to double service or up to normal retirement age if sooner and if this gives
higher benefits.

Members with over 2 but less than 5 years reckonable service will receive a
pension based on their full benefits calculated up to their last day of service.
Employees must be active members of the Royal Mail Pension Plan (RMPP) to
receive an immediate pension under these provisions. Where an employee
meets the criteria for Medical Retirement due to permanent incapacity but is
not a member of the RMPP, then they will be eligible to the benefits
applicable for Retirement on Ill Health Grounds with Lump Sum Payment, or if
eligible and more beneficial a benefit from the discretionary company
insurance scheme.

12.3 Retirement on Ill Health Grounds with Lump Sum Payment

Where an employee has at least one year’s service and meets the criteria for
retirement on ill health grounds with a lump sum compensation payment, a
payment equivalent to 34 weeks’ pay will be made.

A deferred pension will also be payable to all pensionable employees.


12.7 Calculation and Payment of Lump Sum Payments

The pay to be used for calculating lump sum payments is the basic weekly or
monthly wage/salary of the individual’s grade (i.e. the rate of pay that they
would have been in receipt of but for sickness absence or leave purchase
arrangements) on the date of retirement plus any personal reserved rights
payment and geographical supplement (e.g. London/RRIS) where applicable.
No other elements of ‘pay’ should be included. Confirmation of inclusive
elements within basic pay is available from HR Services.

Employees who are ill health retired with a lump sum will receive the
payments within seven days of the end of the notice period irrespective of
any appeal that may be lodged, unless they opt to defer receipt pending an
appeal. If they receive the money in advance of an appeal, they will be
informed at the time of payment that they will be required to pay back the
lump sum, in the event that the appeal is successful and they are
subsequently re-employed or gain ill health retirement with immediate
payment of pension.

12.8 Annual holidays and notice periods

12.8.1 In accordance with existing provisions Annual Holiday should be
taken in the year which it is due. However, in the event that an individual is
unable to take their holiday entitlement due to sickness it will carry forward to
the following holiday year (subject to 12.8.4 below)

12.8.2 Individuals on long term sickness absence may, with appropriate
notice, take any outstanding holiday entitlement that they have, and receive
normal basic pay and assigned allowances for such days.

12.8.3 Contractual annual holidays cease to accrue once full and half rate
sick pay has been exhausted. They are replaced by statutory leave
entitlements.

12.8.4 Where ill health retirement is authorised, the notice period will be
extended to cover pro-rata contractual pay due during the leave year plus up
to 5 days’ carryover leave from the previous year if appropriate.

[bidders45]

thanks for the info . so 29 yrs in the job means nothing. im glad i might be going.

[TrueBlueTerrier]

thanks for the info . so 29 yrs in the job means nothing. im glad i might be going.

Your pension should be better than most as a lot of it will be final salary based.

[bidders45]

Thanks again bud,but still not sure what i'll end up with. a mate of mine had 16 yrs & got 20,000 lump sum + full pension do you think ill be close to that or more.

[TrueBlueTerrier]

The pension depends on your age and whether you get IHR with pension.

Roughly IHR will give you 34 weeks pay + 12 weeks pilon (the max) for you.

So around 46 weeks pay - thats 6 weeks short of a full years basic pay.

Plus any shares you have left including locked one will be released to you with no Tax or Ni.


You may or may not be entitled to a lump sum from your pension, but again that depends on your age I think.

Even if you don't get an immediate pension, what you have earned before the changes are protected, and will be frozen till you reach the payout ages for each Pension.

[bidders45]

ok then im a young 52 lol. what it is ive been of with back problems 7 mths now & im still no better so the ill heath retirement is definitely on the cards. im getting a phone week today from oha. i have been asked 3 times about ill health rt & i have said no every time but my back problem is not going away. so looks it looks like i have got no choice. ps how many yrs have done bud?

[labbloke]

Bidders in reality your only going to get exactly what your mate of 16 years got minus the immediate paying out of pension. To get IHR with pension virtually requires you to be unable to do any work whatsoever and or terminally ill

[bidders45]

yea i think your right m8. the thing is rm sent me to a rehab place to try help me with my back & all they did is make it worse. i have got a claim ongoing against them.

[bidders45]

Hi back again, need some more info, had a phone call today from O/H, again it was mentioned about IHR. This time I was told that there was 2 types of IHR one is 9 months lump sum with no pension & the other is with pension but you have to be unfit to work for the next 10 years. Can anyone tell me if this is true.

[General Mannerheim]

Hi back again, need some more info, had a phone call today from O/H, again it was mentioned about IHR. This time I was told that there was 2 types of IHR one is 9 months lump sum with no pension & the other is with pension but you have to be unfit to work for the next 10 years. Can anyone tell me if this is true.

Nope.
If you take the 9 months pay then you still will get a pension, just that it will be deferred until your normal retirement date.
The other option is often only applicable if your deaths door and is these days very rarely paid out.

[bidders45]

nice 1 cheers bud.