Is 10 month salary a good deal for VR?

what7

I know it can be a personal choice and everyone circumstances is different but as a rule of thumb, is 10 months salary a good deal for VR?
And how does my age (state pension in Feb 2022) have impact on whether to take it or not? 
I only have 19 qualify yrs and 19 yrs in final salary pension, so I might not able to retire at the pension age.
I don't want to take that 16k and have to find a new job in these covid time

Masomnia

Depends on how long you've worked there continuously I think.

RobM99

Your employer will have a formula to work to. You may find the payment gets smaller as time progresses as redundancy payment is to cover your time unemployed. As you are near state pension age (as I am), it's getting shorter daily.
I suggest ask HR.

an9i77

If you consider that statutory redundancy is one week per year x 538 (or 1.5 years for over 40s) then that's a very good deal. 

getmore4less

Read the other thread with 19 years service not that hot if they are including notice pay in the total. 

CapricornLass

If you feel that you will be unable to retire at SPA because you wont have enough contributions, then you would be better to stay on in the job you are in.  The more contributions you have to both state and pension scheme, then better it is for you in the long run.  And as you say, this is not a good time for getting a new job