On the first available payday after your last day of employment, you’ll receive payment for any hours worked, as well as any final adjustments in relation to holiday and any prior agreements made between us.
What happens to my annual holiday entitlement?
When your employment ends, you'll be entitled to payment in lieu of any accrued and untaken holiday entitlement for that holiday year (including any permitted holiday carry-over from the previous holiday year too). This will be included in your final pay. If you have taken more holiday than you’ve accrued at the date your employment ends, we’ll deduct the equivalent amount from your pay. If this cannot be entirely recovered from your pay, then we will contact you to arrange repayment.
Please remember that your holiday entitlement will be pro-rated based on the date you leave our employment during the holiday year and will not reflect your current holiday balance on Dayforce (which will be based on a full-holiday year). Please contact the People Team if you need any further information about your remaining holiday entitlement.
What happens to my pension?
If you participated in the Royal London Stakeholder Scheme, you can continue to access your plan online by going to Royal London (select ‘Register’ if you’re not already registered). Any queries about information or options for your pension moving forward should be directed to Royal London directly. Please also remember to keep them updated with any future changes of address so they can continue to keep in contact with you too.
If you are a deferred member of the East of England Co-op Retirement Benefits Scheme, you can contact the Pensionsteam@eastofengland.coop regarding your benefits and options with that scheme.
Please remember that Royal London and our in-house team can provide you with factual information regarding your pension benefits and options, but they’re unable to provide advice. We’d encourage our colleagues to seek independent financial advice regarding their options (you can find the details of independent advisers in your local area at www.unbiased.co.uk). The Pensions Advisory Service, part of the Money and Pensions Service, can also provide independent and free advice on workplace, personal and stakeholder schemes as well as the State Pension. Further information can be found at The Pensions Advisory Service.
Will any deductions be made to my final pay?
In addition to holiday adjustments, we’ll make deductions from your final pay in relation to any existing agreements you have with us. This might include training costs, a personal contribution towards a company car, or repayments in relation to SmartTech or Cycle to Work, for example. The terms of such agreements will have been advised and agreed with you separately.
What happens to my colleague discount card?
This depends on your length of service. If you have continuous employment of 15 or more years’ service then, at our discretion, you may retain your colleague discount card (along with any associated partner discount card). The terms of our colleague discount card scheme can be viewed here.
Otherwise, your colleague discount card (and any associated partner discount card) will be deactivated when you leave and they should be returned to your line manager.
What about other colleague benefits?
All other colleague benefits end on your last day of employment with us, other than:
- Wagestream - your access will end on the date of your resignation instead.
- Funeral discount - If you have more than 5 years’ service, your colleague discount will be extended for 12 months after your leave date for use against the purchase of a pre-paid funeral plan. If you’d like to redeem this offer, please take a copy of the letter / email you receive from the People Team confirming the end of your employment to any East of England Co-op Funeral Service branch.
As above, if you are actively participating in any schemes (like SmartTech or Cycle to Work), we’ll contact you to outline any particular arrangements which will apply when you leave our co-op.