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Pay deal & Retirement

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat
clarhick
Posts: 15
Joined: 21 Dec 2021, 20:26
Gender: Female

Pay deal & Retirement

Post by clarhick »

I’m due to retire in 8 weeks after 34 years. When or if a pay deal is reached will I still receive my back payment like I would have done had I not retired?
grchpo
Posts: 488
Joined: 16 Mar 2019, 13:59
Gender: Male

Re: Pay deal & Retirement

Post by grchpo »

Retiring end of next week, given up on lump sum & back pay even though I supported all strikes. CWU have stretched it out so will be very surprised to get anything.
redlen
Posts: 1341
Joined: 21 Dec 2021, 12:05
Gender: Male

Re: Pay deal & Retirement

Post by redlen »

clarhick wrote:
14 May 2023, 12:13
I’m due to retire in 8 weeks after 34 years. When or if a pay deal is reached will I still receive my back payment like I would have done had I not retired?
You will still need to be working and under a contract of employment
chrisj
Posts: 1883
Joined: 21 Dec 2010, 16:24
Gender: Male

Re: Pay deal & Retirement

Post by chrisj »

The CWU have managed to save royal mail some money by dragging out the ballot. If it ends up being a Yes, many of those taking vr will have missed out and those retiring in the next few weeks too.

It has been a shower of an exercise in self-harm!
timbo1234
Posts: 312
Joined: 17 Jun 2015, 21:14
Gender: Male

Re: Pay deal & Retirement

Post by timbo1234 »

redlen wrote:
14 May 2023, 16:05
clarhick wrote:
14 May 2023, 12:13
I’m due to retire in 8 weeks after 34 years. When or if a pay deal is reached will I still receive my back payment like I would have done had I not retired?
You will still need to be working and under a contract of employment
Surely if the effective date is 1 April then anyone employed for the period up to their retirement date will get what is owed for that period.
FirstPost
Posts: 674
Joined: 16 Aug 2018, 09:37
Gender: Female

Re: Pay deal & Retirement

Post by FirstPost »

IF it is voted in then I guarantee we also get stitched up regarding no backdated pay to 1st April 23...so losing out on roughly 10-12 weeks, pittance I know but Royal Mail will probably hold this pay back aswell :nana
rambo1
EX ROYAL MAIL
Posts: 3266
Joined: 12 Jun 2013, 20:00
Gender: Male

Re: Pay deal & Retirement

Post by rambo1 »

timbo1234 wrote:
14 May 2023, 18:08
redlen wrote:
14 May 2023, 16:05
clarhick wrote:
14 May 2023, 12:13
I’m due to retire in 8 weeks after 34 years. When or if a pay deal is reached will I still receive my back payment like I would have done had I not retired?
You will still need to be working and under a contract of employment
Surely if the effective date is 1 April then anyone employed for the period up to their retirement date will get what is owed for that period.
You'd have thought......but no. Sadly.
Geordiepapa
EX ROYAL MAIL
Posts: 87
Joined: 06 Nov 2022, 16:23
Gender: Male

Re: Pay deal & Retirement

Post by Geordiepapa »

rambo1 wrote:
14 May 2023, 20:15
timbo1234 wrote:
14 May 2023, 18:08
redlen wrote:
14 May 2023, 16:05
clarhick wrote:
14 May 2023, 12:13
I’m due to retire in 8 weeks after 34 years. When or if a pay deal is reached will I still receive my back payment like I would have done had I not retired?
You will still need to be working and under a contract of employment
Surely if the effective date is 1 April then anyone employed for the period up to their retirement date will get what is owed for that period.
You'd have thought......but no. Sadly.

I'm not sure. My wife retired while the company she worked for were still in negotiations for their pay rise. When it was eventually agreed, she emailed their HR department and asked for the amount she was due be paid to her as she was still in their employment for some of that time. The company agreed and she was paid the amount t of the rise, pro rata.
rambo1
EX ROYAL MAIL
Posts: 3266
Joined: 12 Jun 2013, 20:00
Gender: Male

Re: Pay deal & Retirement

Post by rambo1 »

Bett that company wasn't Royal Mail though.
sweepster70
Posts: 500
Joined: 24 Jul 2017, 23:16
Gender: Male

Re: Pay deal & Retirement

Post by sweepster70 »

clarhick wrote:
14 May 2023, 12:13
I’m due to retire in 8 weeks after 34 years. When or if a pay deal is reached will I still receive my back payment like I would have done had I not retired?
Ask your Rep or HR. On here, you'll get people who know f**k all but think they know everything.
timbo1234
Posts: 312
Joined: 17 Jun 2015, 21:14
Gender: Male

Re: Pay deal & Retirement

Post by timbo1234 »

Geordiepapa wrote:
15 May 2023, 21:28
rambo1 wrote:
14 May 2023, 20:15
timbo1234 wrote:
14 May 2023, 18:08
redlen wrote:
14 May 2023, 16:05
clarhick wrote:
14 May 2023, 12:13
I’m due to retire in 8 weeks after 34 years. When or if a pay deal is reached will I still receive my back payment like I would have done had I not retired?
You will still need to be working and under a contract of employment
Surely if the effective date is 1 April then anyone employed for the period up to their retirement date will get what is owed for that period.
You'd have thought......but no. Sadly.

I'm not sure. My wife retired while the company she worked for were still in negotiations for their pay rise. When it was eventually agreed, she emailed their HR department and asked for the amount she was due be paid to her as she was still in their employment for some of that time. The company agreed and she was paid the amount t of the rise, pro rata.
That is also what I found out from various sources including Citizens Advice. If you were employed when a pay rise took effect but have since left you can claim back pay till the the day your employment stopped. So if the pay rise is wef 1 Apr and the retirement date is 1 July you can claim three months back pay.
timbo1234
Posts: 312
Joined: 17 Jun 2015, 21:14
Gender: Male

Re: Pay deal & Retirement

Post by timbo1234 »

Geordiepapa wrote:
15 May 2023, 21:28
rambo1 wrote:
14 May 2023, 20:15
timbo1234 wrote:
14 May 2023, 18:08
redlen wrote:
14 May 2023, 16:05
clarhick wrote:
14 May 2023, 12:13
I’m due to retire in 8 weeks after 34 years. When or if a pay deal is reached will I still receive my back payment like I would have done had I not retired?
You will still need to be working and under a contract of employment
Surely if the effective date is 1 April then anyone employed for the period up to their retirement date will get what is owed for that period.
You'd have thought......but no. Sadly.

I'm not sure. My wife retired while the company she worked for were still in negotiations for their pay rise. When it was eventually agreed, she emailed their HR department and asked for the amount she was due be paid to her as she was still in their employment for some of that time. The company agreed and she was paid the amount t of the rise, pro rata.
That is also what I found out from various sources including Citizens Advice. If you were employed when a pay rise took effect but have since left you can claim back pay till the the day your employment stopped. So if the pay rise is wef 1 Apr and the retirement date is 1 July you can claim three months back pay.
Jefferson Starfish
Posts: 902
Joined: 12 Aug 2011, 15:32
Gender: Female
Location: Greendale DO

Re: Pay deal & Retirement

Post by Jefferson Starfish »

I seem to remember the last pay agreement had a cut off date. If you were employed by rm after that date you were entitled to back pay, if you'd left beforehand, you weren't.
Marshamp11
Posts: 437
Joined: 06 Aug 2018, 16:38
Gender: Male

Re: Pay deal & Retirement

Post by Marshamp11 »

Jefferson Starfish wrote:
15 May 2023, 22:36
I seem to remember the last pay agreement had a cut off date. If you were employed by rm after that date you were entitled to back pay, if you'd left beforehand, you weren't.
Delay retirement for a few weeks until everything is settled and paid out then give a weeks notice and enjoy your well deserved retirement years.