Downsizer it's OK according to a MOD official who was quoted as saying the redundancy compensation MORE than made up for the loss of the IP. Did he really think anyone was going to believe that?
Fag packet maths:
Redundant at 17 year point gives (Guessing £80,000 inc £10,500 resettlement grant) sounds generous. Let's say that makes them 35 years old. So 30 years of missed pension payments until deferred pension kicks in: 30 x £7000 (Guessing again though not far off) + 3 x £7000 = £231,000 not inc uplift at 55!
More than makes up NOT. This is a big betrayal IMO and makes me think if they can do this then nothing is sacred, it's not the fact there were redundancies or that people will always be just short when there is a specific cut off it's the fact that it appears on the strength of numbers as if it was a factor in the boards decision of whom to make redundant.
Last edited by 4everAD; 23rd Jun 2012 at 08:32.