Redundancy

#3
Good question!

I reckon 18-24 months of salary.

I'll dig out the brown envelopes from last time and see what the Department offered in 1992-4.

Litotes
 
#5
I would probably settle for an immediate pension based on a realistic predicted finishing rank.
 
#7
me too I am up for that id be up for it like a rat up a drain pipe
 
#8
I seem to remember that your terms and conditions of service were changed a few of years ago (just as I put my notice in) to reflect the now fixed redundancy terms at a maximum of 9 months pay.

Sorry to disappoint, I left 25 years done, very happy and better off than I've ever been if it's any consolation :wink:

My civvy job has fixed redundancy terms of 3 months pay :cry:
 
#9
There is no redundancy, just reduction in recruitment and cutting continuence etc, far cheaper than redundancy!
Lots of people in the RAF being rejected for continued service at the moment.
 
#10
Litotes said:
Good question!

I reckon 18-24 months of salary.

I'll dig out the brown envelopes from last time and see what the Department offered in 1992-4.

Litotes
Ex-husband took redundancy in 1994, he had 10 years reckonable service (RE/AGC) and was a L/Cpl - was paid £20,000.
 
#14
And admin discharges, discipline discharges, compassionate discharges and guys who have signed off applying to leave early because they have a job set up.
To be honest I always said even if i won the lottery i would still serve my time, however having been bummed over they can poke it and if they are mad enough to offer redundancies i would snap their arms off.
 
#15
Litotes said:
Good question!

I reckon 18-24 months of salary.

I'll dig out the brown envelopes from last time and see what the Department offered in 1992-4.

Litotes
Bloody Hell! It's a very thick folder!!!!

It might take me some to wade through it!

Litotes
 
#16
Litotes said:
Litotes said:
Good question!

I reckon 18-24 months of salary.

I'll dig out the brown envelopes from last time and see what the Department offered in 1992-4.

Litotes
Bloody Hell! It's a very thick folder!!!!

It might take me some to wade through it!

Litotes

1994 I was a LCoH (Cpl) 18 months pay and 50 commuted pension on 12+
+42k
 
#17
I have worked my way through my redundancy folder (why can I find something that was archived 15 years ago but can't find my thermos flask that I last used in October????) and found that the offer wasn't much!

I had 19 years of service at that point (1994). By the looks of it, the Army told me that I would be entitled to my earned pension and gratuity plus a Special Capital Payment on top.

The SCP worked out at 3/4 of one year's pension, and I reckoned that I had the opportunity of two more promotions, so I did not volunteer. The spreadsheet shows that I made the right choice as my pension is now considerably more than it would have been had I grabbed the money and run in 1994!

I doubt that any future redundancy terms will offer any more than that.

Litotes
 
#20
cursedveggie said:
I would probably settle for an immediate pension based on a realistic predicted finishing rank.
. . . . and I bet you thought you would make Colonel eh?!!
:D
 
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