Voluntary redundancy

[annem]

If I wanted to take VR, how do I volunteer for it? I have 9 years of service. How much would I get? I've had enough and really want to go.

[Numberone63]

Go on the people app and fill in the preference exercise. That’s all you can do so far. It will show you how many weeks pay you will be entitled to based on your nine years service.

[TopperGas]

It's all shown on the People's App, although with just 9 years service your probably just better jumping ship now.

[annem]

people app tells me I would get 24 weeks' compensation. Is that 24 weeks' pay? I thought it was one week for every year under 40 and one and a half weeks of pay for every year over 40. I'm confused now Should I trust what the people app says?

[RobertT]

people app tells me I would get 24 weeks' compensation. Is that 24 weeks' pay? I thought it was one week for every year under 40 and one and a half weeks of pay for every year over 40. I'm confused now Should I trust what the people app says?

It's 24 weeks assessable pay, which is everything that's pensionable. If in doubt just use basic pay before deductions, or there's a link to click on the app for more info.

Don't confuse it with Statutory Redundancy Pay, which is the minimum they have to give you by law.
You can find out how much you'd get here: https://www.gov.uk/calculate-your-redundancy-pay

Voluntary will almost always be higher then statutory.

[Kaiser_soze]

people app tells me I would get 24 weeks' compensation. Is that 24 weeks' pay? I thought it was one week for every year under 40 and one and a half weeks of pay for every year over 40. I'm confused now Should I trust what the people app says?

Lol. This made me smile. No ask John in the office to see what he thinks it should be.