Voluntary early retirement from council

[Mbg63 10]

Has anyone recently taken their pension early at 55 who works for council do you know if you loose out by taking it early

[Guest]

If all of them retired at the same time would anyone notice?

 

Only joking.

[Grit Man 10]

yes,you do lose out, it,s a percentage thing,if you are in the SYPensions,you can ask for youre figures,then contact them with youre questions,they are very helpful.

[kidley 48]

If you retire at 55 rather than 65 wont you lose 10 years of yours and the SCC subscription to it, which is 10 years of the highest subscription so yes i would say you would lose a big chunk of it?

[Fogey 10]

I have heard of councils agreeing to 'make up' to full pension to convince staff to go when the council is looking for cuts, IF it's cheaper than the remaining full pay employment and IF it's cheaper than the redundancy.

[Mbg63 10]

Thought it could be decided by the amount of years you've paid In and as they're asking for voluntary retirements just wondered if there was a incentive

[kidley 48]

Thought it could be decided by the amount of years you've paid In and as they're asking for voluntary retirements just wondered if there was a incentive

 

are they asking for voluntary retirements? as i read it he wants to go early.

[Mbg63 10]

Yes the council is asking employees in certain worksites to consider voluntary redundancy or early retirement due to cutbacks. It doesn't effect me but I know people that it will.

[Grit Man 10]

Thought it could be decided by the amount of years you've paid In and as they're asking for voluntary retirements just wondered if there was a incentive

 

if they offer a package, for instance, 10 added years,it,s worth looking at,its a few years now since the council offered those packages tho.

[Mbg63 10]

Yes don't know if there is an incentive to take it I suppose only someone who has taken it recently will know that. Shame state pension age has gone up it should have come down to give jobs to the younger generation with the option of carrying on if you feel fit and we'll enough to.

[Bludragonfly 10]

if they offer a package, for instance, 10 added years,it,s worth looking at,its a few years now since the council offered those packages tho.

 

 

 

That happened a long long time ago - not heard about it happening for many years

 

 

The best thing to do is to ask HR and S Yorks Pensions for actual figures for you. Retiring at 55 is very expensive for the employer if the person has long service and rarely cost effective for the Council

[kidley 48]

Why did he/she retire early.