ill health retirement

[123fun]

Hi
I am with Royalmail for just over 5 years, I have been off seek for a while and I think that they will try to terminated my contract on ill health retirement ?
Does anyone know how much I will get a month if I get retirment with 'immediate pension' ?

[baldrick]

Hi and welcome to rmc 123fun!
Easter Bunny is the expert on Ill Health Retirement, have a look at his post about ill health retirement with enhanced pension on http://www.royalmailchat.co.uk/communit ... nt#p319959" onclick="window.open(this.href);return false;

[easter bunny]

NIce of you to say so....

If you think you will get IHR, dont make the assumption that the Company will agree to pay your Pension straightaway...

There are 2 types of IHR ..one will lump sum and one with Pension...

As long as you have 1 years service the amount for the IHR with lump sum is all the same (part timers excepted ) except for the notice period is slightly defferent...

As for IHR with Pension...

If you have between 5 and 10 years' Company service (including at least 2 years' Qualifying Service)

You will receive a pension equal to:

the pension you have built up to the date you actually retire, calculated in the same way as if you had between 2 and 5 years’ Company service
plus
an additional pension calculated as 1/60th of your CSDB Pensionable Salary over your last 12 months’ Reckonable Service before your retirement, for each year (and part year) of your Additional Service Credit.
You may also be entitled to a Pension Supplement.

Your Additional Service Credit is calculated as the higher of:

an enhancement to double your Reckonable Service, or if less, the Reckonable Service you could have completed up to your Normal Retirement Age
and
an enhancement by 75% of the Reckonable Service you would have completed between the date you actually retired and Normal Retirement Age (age 60 if actual retirement is before 1 April 2010 and 65 if actual retirement is on or after 1 April 2010).

Finally, just be aware you will NOT know what IHR the Company are going to give you until very late on in the procedure when its too late to pull out of if the terms are not what you were expecting...

There is an appeals process but its not the easiest ....

[123fun]

Thanks for your quick replies


I was wondering if anyone Could give some example of what their got?

[123fun]

I am off sick at the moment and I was just thinking if I can get warning stage 2 or 3 because of my long absence? Currently I have not got any, but I am sure that when I will get back to work I will get one and I am not sure if they can issue stage 2 or 3 without issueing the first one.

What are the rules?

[easter bunny]

You cannot get a Stage 2 or 3 without being 'awarded' a Stage 1 first.....

As for the total amount for IHR, the IHR with lump sum is ....34 weeks pay, 9-12 weeks notice(depending on length of service), outstanding leave and Colleague shares (based again, on length of service )...

As for IHR with Pension....That is more complex...Based on service,age.Pensionable Pay and contracted hours....

[Thorby Bislam]

You only get the enhanced pension if your injury/sickness is so severe that you are unable to do normal, everyday things (cook a meal, vacuum the floor etc) and wont be able to work again.

[easter bunny]

You only get the enhanced pension if your injury/sickness is so severe that you are unable to do normal, everyday things (cook a meal, vacuum the floor etc) and wont be able to work again.

With respect, thats total nonsense...

[Thorby Bislam]

I read it on here.

[easter bunny]

To say that ATOS recommend IHR with Pension on if you can cook the tea or wash yourself without help etc etc is utter rubbish....

That is something ATOS who are employed by the DWP might do when trying to claim ESA....