Have NC'd for this.
I left a my long term job (10years+) just under 2 years ago for what seemed like a more attractive position. Turns out grass isn't greener.
Anyway I have been told today that my contract will be terminated on 30 November. I have a meeting with HR scheduled for next week so want to get my ducks in a row.
I know that they are not entitled to pay redundancy or work with the redundancy rules as I have been there under 2 years however not sure what terminology they will use as technically the job is redundant (restructure and my area is not going to be a service they offer any more).
I have 6 months notice which they have already confirmed they will pay in lieu and I will be off their books if you like come end Nov.
My questions which I hope someone can help with are:
- what's better - to resign or be made redundant (albeit with no redundancy pay as such)? If they give me the choice that is!
- our holiday year runs jan to dec. What happens to the 2018 entitlement? Do I get paid for 5 months worth of holidays?
- what happens re pension contributions. It is a generous pension where they pay 12% and I pay 3%
I think that if you have a pension less than 2 years the money is "lost". Is this right and if so can I ask to continue the pension myself so the money isn't lost or can I ask them to buy me out of what I will ultimately lose?
- we have private medical insurance and obviously I will lose the benefit for my 6 months notice period if they pay me off in lieu. Can I ask for the contributions to buy me out or to be covered up to end May?
- Anything else I should be asking for?
I want to make sure that I get everything I am entitled to. It could take a while to find something new and so want as much financial protection as possible.
Many thanks!