Voluntary Redundancy

[BrilloPad]

All depends on how much they are offering.

[northernladuk]

Many moons ago I go 'offered' VR by my boss with a note saying that it would be in my best interests to take it. Asked HR what the package was (not a lot to be fair), showed them the email and asked them to double it. Got agreement same day as long as I signed a waiver not to sue them later. Happy days.

[Pherlopolus]

I took VR last October, 4 months on the bench (good and bad, I needed 2 months off to get over the previous 12 years!)

Best thing I have done for a while

[TykeMerc]

This is the longest I've tolerated any job.

Plus I've got gate fever.

But at 61, it's not likely that I'll work again.

I don't think R*ch*rd J*yce has much in the way of embedded software engineering/electronics on his books.

Mech eng, on the other hand.

Fair enough

It really all boils down to what's the offer on the table? If it's paltry then ignore the option, if it's generous bite their hands off. Mind you as a GAL you could do the hand biting off either way.

[DaveB]

Would there be scope for a plan B doing electrikery for the arty customers etc?

[TykeMerc]

It'll be about the statutory minimum, so £5 or 6k ish.

Plus I'd lose 4 years of pension contributions.

It's a bit tricky really.

Depends how much they want to reduce the payroll to the bottom of the scale again for the newbie, though that's only about £2.5k ish IIRC.

Doesn't sound attractive to me.

[BrilloPad]

Many moons ago I go 'offered' VR by my boss with a note saying that it would be in my best interests to take it. Asked HR what the package was (not a lot to be fair), showed them the email and asked them to double it. Got agreement same day as long as I signed a waiver not to sue them later. Happy days.

You only got a waiver? I left my last job and apparently I am not even allowed to disclose if I was made redundant or not! Of course the size of the pay out is also totally secret.

[BrilloPad]

Just think Zeity - with VR you could spend more time with your family! Zeity Pater and Mater will be pleased...

[DaveB]

It'll be about the statutory minimum, so £5 or 6k ish.

Plus I'd lose 4 years of pension contributions.

It's a bit tricky really.

Depends how much they want to reduce the payroll to the bottom of the scale again for the newbie, though that's only about £2.5k ish IIRC.

If they want people to take VR they need to make it more attractive than that.

Have a word with your Union chap, assuming you have one, and see what they say.

[Gibbon]

It'll be about the statutory minimum, so £5 or 6k ish.

Plus I'd lose 4 years of pension contributions.
It's a bit tricky really.

Depends how much they want to reduce the payroll to the bottom of the scale again for the newbie, though that's only about £2.5k ish IIRC.

Stay, at your stage the pension is the important bit. You could ask them to make up the contributions to 65.