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LGPS and voluntary redundancy
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I paid back within 3 year period with £37k salary , 30 years service and pension release at 55 1/2 years old . Not sure how much 5 extra years of pensionable service would give me though !I was turned down initially as they could not make my post redundant but they transferred in another person who was at risk of redundancy who did not want to leave .
~Laugh and the world laughs with you, weep and you weep alone.~:)
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Thank you Sivertabby
Yes, it does sound unfair!
I do know that not enough people have submitted an interest for VR. Could they still reject my application as a volunteer (because of the psc) and escalate to compulsories?
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Paz2021 said:Thank you Sivertabby
Yes, it does sound unfair!
I do know that not enough people have submitted an interest for VR. Could they still reject my application as a volunteer (because of the psc) and escalate to compulsories?I was lucky that a colleague on same grade had finished one of their projects so could take on 1/2 my work and the remainder spread among my same grade team colleagues who also had some capacity due to grant projects ending .I know of many though turned down as post simply couldn't be deleted as after years of reducing head count they couldn't reduce & restructure any more.If you know how your job can be "lost" or covered by others you can suggest after you are turned down. I was turned down January to go March but then they found a bumped redundancy but I had to stay another 3 months !~Laugh and the world laughs with you, weep and you weep alone.~:)
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Paz2021 said:Thank you Sivertabby
Yes, it does sound unfair!
I do know that not enough people have submitted an interest for VR. Could they still reject my application as a volunteer (because of the psc) and escalate to compulsories?If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0 -
Thank you everyone, I will update you with my offer, hopefully next week.1
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Silvertabby said:The employer strain costs in the case of redundancy at 55 for someone on £32K with 35 years service will be huge. Quite possibly as much as £150K.
As unfair as it sounds, the strain costs are definitely a factor when employers make their redundancy selections.
I received their decision today..I have no information on severance payments, can anyone shed any light compared to VR payments.
Thank you
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Your Council will have a redundancy payments policy. Usually so many weeks pay depending on age and years of service to a maximum IIRC of 30 weeks pay.1
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But if they make her redundant the pension funds rules she's entitled to her pension of over 55. I think they referring to just resigning so you just have to give notice . It's not a good deal for employee!
~Laugh and the world laughs with you, weep and you weep alone.~:)
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I've been rejected for VR because of the pension strain cost.
I'm awaiting news on a severance package, but like you say Poppy9 I doubt it will be a good deal!!0 -
Do not resign as then your pension is deferred until you are 67. Sit it out. If they want to lose posts then they have to make redundancies. With no volunteers then they will have to go compulsory route. If you are made compulsory redundant they have to release pension . If your post is genuinely no longer required they either redeploy you or make redundant. You should ask to see business case for the refusal for your application as if you cost £35k a year to employ with on costs and pension strain is £35k plus say £20k redundancy by third year you are saving then money ! There will be posts they cannot make redundant because post needed but if they need to lower head count it's going to cost in short term. They cannot select for redundancy based on age !
~Laugh and the world laughs with you, weep and you weep alone.~:)
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