The Retirement Thread
10 lurkers |
177 watchers
Aug 2023
11:51am, 24 Aug 2023
46,011 posts
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EvilPixie
if I stay and get VR next year it's an extra £1500 roughly but if I went PT and then they asked for VR my payment would be calculated on PT pay so less than what is on offer now Bigger boss did say about more auditing stuff so I could say I am withdrawing PT request to see what this is all about and then give myself a deadline. i.e no news by X date and I go rather than go PT as I would have had a few extra months of full pay |
Aug 2023
11:54am, 24 Aug 2023
4,013 posts
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Ally-C
All the uncertainty you’ve had for such a long time surrounding VR would’ve played havoc with my mental health EvilPixie I’m not denying it.
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Aug 2023
11:54am, 24 Aug 2023
109,027 posts
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Hanneke
I would hang in there full time until February. It will come round soon enough! Then either take VR on an extra year of full time pay or leave.
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Aug 2023
11:55am, 24 Aug 2023
46,013 posts
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EvilPixie
ally it's not great! Hann this is what I am starting to think but then given how long it's taken this time Feb could be August! |
Aug 2023
11:59am, 24 Aug 2023
4,139 posts
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Pou Pou LePhoõk
That's a problem, isn't it. Deadlines that keep slowly moving back. Must be so frustrating.
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Aug 2023
12:01pm, 24 Aug 2023
8,163 posts
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Fizz :-)
I would just go with the PT request. You’re not really enjoying the job, so isn’t time more important than money? And if it’s only rumours about Feb, who knows.
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Aug 2023
12:01pm, 24 Aug 2023
109,028 posts
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Hanneke
Yes, that would not be great...
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Aug 2023
12:37pm, 24 Aug 2023
47,568 posts
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HappyG(rrr)
In the early 2000s I was in a job that I hated. I hung on for about 6 months hoping that some shares that I held would become valuable (dot com bubble times for anyone who remembers their history), could have been six figure sum. Eventually bailed - 21 years later, the shares that I held would still not have had any big value. Moral? Don't hang on for jam tomorrow!  G
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Aug 2023
12:42pm, 24 Aug 2023
25,491 posts
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Bazoaxe
Other consideration depending on amount is tax. First £30k of any payout is tax free, but after that you pay tax. Reducing hours might not have as big an impact on payout if no or less tax paid
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Aug 2023
12:53pm, 24 Aug 2023
33,690 posts
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Ness
I'd agree with ^ pix. Not worth hanging on unless you're sure there might be a second wave of redundancies. Similar things happened to Mr Ness when he worked for the FFS. He wasn't chosen in the first wave of redundancies, but did go in the second wave of redundancies. This much to one of his colleague's disgust. The colleague didn't want to leave and had been made redundant (in the first wave) and knew that Mr Ness wanted to go but didn't get redundancy (the difference between the value if you volunteered or if they chose to make you redundant was significant enough that we couldn't afford for Mr Ness to go voluntarily). The whole of the FFS was shut down a few months later so the 'second wave' ended up being everyone else! Mr Ness had ticked off an extra year's service so got a much bigger payout than if he'd gone in the first wave of redundancies. |
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