We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Reducing Years Service
T&M's_mum
Posts: 37 Forumite
I am in the process of getting a VR quote. I have completed 13yrs at full time and 5yrs at part time. HR are coming back to me and saying they are working out a full time equivalent for my years service and are reducing it to 16 years due to being part time.
I was aware they would do this when working out my salary but can they do this to my years service?
Any help would be appreciated.
I was aware they would do this when working out my salary but can they do this to my years service?
Any help would be appreciated.
0
Comments
-
I didn't think they could do that but I am sure someone who actually 'knows' will be along..#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke0 -
I doubt they can do this..When my wife was made redundant, with 5 years part time and 5 years full time she got paid for 10 years service.0
-
I have worked for the same employer for 19 years, the first 12 were part-time and the last 7 have been full time. My VR quote is based on 14 years FTE and they are offering me 14/19 of my weekly wage, but the same number of weeks they would give me if I had worked for 19 years full-time. As they are offering above the statutory minimum and it is on a voluntary basis I think they can probably do that. I don't know what the position would be if it was compulsory and based on minimum statutory payments though.3 stone down, 3 more to go0
-
It sounds as if you are actually getting more than the statuory equivilent to me. Your redundancy is worked out at your current rate of pay.
A quick example with easy figures would be :-
the 13 years service you were paid £500 per week, then the 5 years service you were paid a half time wage of £250 per week.
Assuming those 18 years were all between the ages of 22 and 41 you would be entitled to 18 weeks pay at your current rate, so 18 x £250, which would also equate to 9 years FTE.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.6K Banking & Borrowing
- 254.8K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.2K Work, Benefits & Business
- 605.7K Mortgages, Homes & Bills
- 179K Life & Family
- 263.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards