Vrs

[bigal383]

Heard about the many Royal Mail cuts again not a nice thing to here been with the company 10 years nearly 120 in my office I’ve 20 below me,
Should I be worried?

[General Mannerheim]

Err No.

Any Vr's will be offered out firstly to the old timers so unless there going to cut 100 people from your craphole then you should be fine.

[The Postman]

Err No.

Any Vr's will be offered out firstly to the old timers so unless there going to cut 100 people from your craphole then you should be fine.

They can’t offer them to the old timers first, that would be age discrimination. Everyone is able to apply for Voluntary Redundancy from 2 years service onwards.

[deltaforce]

Not done on age but on length of service, plus it's normally voluntary as in Evr Early voluntary retirement

[RobertT]

Voluntary Redundancy is offered on a seniority basis, so would only filter down to newer employees if the older ones declined, which is probably unlikely.

Early Voluntary Retirement is also a form of redundancy done on seniority, in which you get your pension paid out on an enhanced basis. It's only offered to the over 55's and if it's total cost to the business is less than 104 weeks pay.

[zz666]

Hasn't evr been removed because of change in pension scheme/new deal. As far as I'm aware over 55s get same as under 55s. ie max 104 weeks. CWU should be clearer on this point if it has changed or not.

[RobertT]

As far as I know the terms of VR & EVR come under MTSF, and Dingo informed us during the 4 Pillars negotiations that MTSF wasn't under review as part of that.

The RMPP is still open(although not to future accrual) and were now building up a pot of money to fund our lump sum via the DBCBS. I would have thought that when CDC comes in and the RMPP closes altogether, then EVR would go.

But there does seem to be some confusion, which I think needs to be addressed officially!

[The Postman]

Not done on age but on length of service, plus it's normally voluntary as in Evr Early voluntary retirement

My mistake, I thought the the op was talking about vr as in voluntary redundancy. Not evr as in early voluntary retirement. They’re two totally different things therefore different rules apply to both.