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My employer is offering voluntary redundancy with a months pay for each year of work so I'd get 4 months gross salary. I'm 50 and have been paying in to local govt./university final salary pension since 21. I don't have the option to get my pension made up to the equivalent of working to 60 because I'm under 55. Is the offer worth taking? I know that depends on my chances of finding another job that pays equally well or better but we have no mortgage, kids grown up but still at home and I'm not the main breadwinner.

Comments

  • Surely only you and your OH can answer this?
    Don't trust a forum for advice. Get proper paid advice. Any advice given should always be checked
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    mrs_T wrote: »
    My employer is offering voluntary redundancy with a months pay for each year of work so I'd get 4 months gross salary. I'm 50 and have been paying in to local govt./university final salary pension since 21. I don't have the option to get my pension made up to the equivalent of working to 60 because I'm under 55. Is the offer worth taking? I know that depends on my chances of finding another job that pays equally well or better but we have no mortgage, kids grown up but still at home and I'm not the main breadwinner.

    No continuity across jobs giving more than 4 years?
  • mrs_T
    mrs_T Posts: 1,017 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    2 jobs in 25 years, latest one for 4 years allowed me to transfer pension but not service.
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