Incentivised Early Retirement Scheme - Uptake

Well here we are with another offer:). IMO this is better than last year's ISER. Take the case of a 59 yrs old person with 35 yrs service. They can now go with a big fat lump sum. If s/he reaches 60yrs in next 6 months, they will get another lump sum and pension. Not bad pickings for 6 months. Link to all the info:[broken link removed]
 
Tentman said:
Well here we are with another offer:). IMO this is better than last year's ISER. Take the case of a 59 yrs old person with 35 yrs service. They can now go with a big fat lump sum. If s/he reaches 60yrs in next 6 months, they will get another lump sum and pension. Not bad pickings for 6 months. Link to all the info:[broken link removed]
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If you are referring to the Voluntary Redundancy Scheme, isn't the redundancy payment limited to half the salary that the employee would have earned to retirement age(60 or 65)?
 
They will get the redundancy payment now and in due course they will pass 60 yrs.Then they will get their preserved benefits. The Lump Sum and Pension will be based on finishing salary.
 
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