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highest amount ?

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
comeracing
Posts: 806
Joined: 28 Nov 2010, 20:58
Gender: Male

highest amount ?

Post by comeracing »

If somebody had 20 years service and was full time and got offered ill health retirement,how much would they receive,if redundancy was offered instead would it be 3 x the amount offered for ill health retirement ?
RobertT
EX ROYAL MAIL
Posts: 6694
Joined: 09 Sep 2007, 14:26
Gender: Male

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Post by RobertT »

IHR = 34 weeks pay plus either 9 or 12 weeks PILON depending on length of service.

VR = up to 104 weeks pay depending on age & length of service.

You can find out how much VR you might get by looking at the ready reckoner in the downloads section. Although I think the terms for both IHR & VR are currently up for negotiation.
Links to all RM pension related websites are here
Alfreton
Posts: 37
Joined: 19 Feb 2016, 22:24
Gender: Male

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Post by Alfreton »

What's PILON?
crazyshrew
Posts: 584
Joined: 19 Jun 2011, 16:58
Gender: Female
Location: Coastal, South West

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Post by crazyshrew »

Alfreton wrote:What's PILON?
Pay In Lieu Of Notice
nickijt32
Posts: 10
Joined: 27 Apr 2010, 20:50
Gender: Female

highest amount ?

Post by nickijt32 »

Is ihr based on current contracted hours?
Glenno
Posts: 1491
Joined: 05 Jun 2007, 13:12

highest amount ?

Post by Glenno »

nickijt32 wrote:Is ihr based on current contracted hours?
yes m8y :wave :wave