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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Percentage of back pay when retiring due to ill health
leiba1
Posts: 1 Newbie
My partner is going to have to retire due to ill health. Apart from his pension, is he entitled to any monies in lieu of the years he has worked there? If so, is there a limit on the amount of years or the amount of money he may receive?
0
Comments
-
My partner is going to have to retire due to ill health. Apart from his pension, is he entitled to any monies in lieu of the years he has worked there? If so, is there a limit on the amount of years or the amount of money he may receive?[/quote
He won't get any money for the years he has worked apart from his pension as far as I know... maybe you are thinking of the 'lump sum' he will receive as part of his pension settlement I think its up to 25% of his pension but each pension fund is different.. you can find out from his fund holder..
The amount he will receive will depend on how much he paid in and for how long...#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke0 -
Hi leiba,
The way I read your post you're thinking along the lines of redundancy payments, eg x weeks wages for y years service?
Ill-health retirement isn't the same redundancy, that's basically where a firm ceases trading or closes a depot or no longer has need of the post you're doing - in other words the job disappears rather than you not being fit to do it.
In fact ill-health retirement is a form of dismissal and you could go to an ET but it's very unlikely to be ruled unfair unless "fair" procedures haven't been followed and you're claiming you're still fit to do the job.
Have a look at the Redundancy and Unfair Dismissal sections linked to this WEBSITE.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
