redundancy

Gina_Knott

I am 60 this November and I have worked in Kent for the NHS for nine years. Five years in the current job, I have nine years of pension saved with them.

I will not qualify for the goverment pension until I reach 62 years and 5 months.

The NHS Trust that I work for have publicly announced that they are looking at saving x amount of millions and will be job losses of over 250 staff within the next two years.

The Trust recently emailed all staff asking for voluntary resignation with severance pay. This was not very tempting as I would only stand to get 2 1/2 months salary. And I truly want to stay in my post.

My question to you is:- Do you think it is highly likely that I will be in the next rounds of redundancy's. Due to my age and that the Trust are contrubuting to my pension which will cost them more if it carries on until my retirement, and will save the Trust a lot of money to take me out now.

Secondly: - If this was to happen, how much pension money am I likely to lose out on.

Bigmoney2

Gina_Knott wrote: »

I am 60 this November and I have worked in Kent for the NHS for nine years. Five years in the current job, I have nine years of pension saved with them.

I will not qualify for the goverment pension until I reach 62 years and 5 months.

The NHS Trust that I work for have publicly announced that they are looking at saving x amount of millions and will be job losses of over 250 staff within the next two years.

The Trust recently emailed all staff asking for voluntary resignation with severance pay. This was not very tempting as I would only stand to get 2 1/2 months salary. And I truly want to stay in my post.

My question to you is:- Do you think it is highly likely that I will be in the next rounds of redundancy's. Due to my age and that the Trust are contrubuting to my pension which will cost them more if it carries on until my retirement, and will save the Trust a lot of money to take me out now.

Secondly: - If this was to happen, how much pension money am I likely to lose out on.

It would depend if the redundancies go to compulsory and what selection criteria is applied.
Also will depend on what roles are made redundant and what the selection pools are. Its roles that are redundant not people, although large organisations often open up to any volunteers and then fill the vacant slots from within.

Only your employer/union reps will know what terms are being negotiated for redundancy/ retirement payments.

Your pension scheme rules will detail any adjustments for going before normal scheme retirement date, but these may be waved/changed if negotiated as part of a redundancy.


If you want to stay and your role becomes redundant, you should be able to apply for other available roles.

Gina_Knott

Thank you. Your reply has put a very clear perspective on the matter.

getmore4less

what terms of employment are you on?

Was the VR not MARS, if A4C there are enhanced packages