Originally Posted by Primus1
Well with continuation of service it will be 30 years, but I doubt they would pay me off, they’re all about profit, but we live in hope as they say, and if it were offered I’d bite their arm off, if I can wait until next year, I’ll get an extra 20k on one of my pensions, I’ll just have to see, I just want out and this is a way,
Wow ok, 30 years is around what I had. You'd be mad to give up that kind of pay-off imho. Understand, THEY HAVE to pay you that money IF you are made redundant. It's the law. Even the UK minimum redundancy is worth something but I'm sensing that like me your TUPE's Ts&Cs will involve some "proper" redundancy payments.
This is the UK minimum "Statutory Redundancy Pay"
• 1.5 weeks’ pay for each full year of employment after their 41st birthday
• a week’s pay for each full year of employment after their 22nd birthday
• half a week’s pay for each full year of employment up to their 22nd birthday
Length of service is capped at 20 years and weekly pay is capped at £525. The maximum amount of statutory redundancy pay is £15,750.
Defo worth investigating what they would have to pay you and defo worth asking if they would like you to go VR route.