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voluntary / compulsory redundancy pay?


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hi babycatcher,

 

The simple answer is, if the vol red scheme is not more attractive than the compulsory red scheme, what incentive would an employee have to opt for the vol scheme?

 

Thus normally a vol red scheme is more generous, but there is nothing in law to say it must be.

 

In reality, if you don't feel the vol scheme is generous enough, then do not volunteer for it; it is after all, voluntary!

 

Che

 

NB and do not forget if you have for example, mortgage protection insurance etc, then such policies often do not pay out if you have volunteered.

  • Haha 1

...................................................................... [FONT=Comic Sans MS]Please post on a thread before sending a PM. My opinion's are not expressed as agent or representative of The Consumer Action Group. Always seek professional advice from a qualified legal adviser before acting. If I have helped you please feel free to click on the black star.[/FONT] [FONT=Comic Sans MS] I am sorry that work means I don't get into the Employment Forum as often as I would like these days, but nonetheless I'll try to pop in when I can.[/FONT] [FONT=Arial Black][FONT=Comic Sans MS][COLOR=Red]'Venceremos' :wink:[/COLOR][/FONT][/FONT]

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