Colleague Dividend Vouchers

Colleague Dividend payment June 2020 

To celebrate the results Midcounties announced at the AGM, eligible colleagues will receive Colleague Dividend vouchers. These vouchers are designed to reward colleagues who are members, for the work that they have done for the Society during the financial year (27 January 2019 – 25 January 2020) to which the vouchers relate. The Vouchers are also being paid at the earlier time of June 2020 rather than November 2020.

Higher payments are awarded to colleagues with two or more years’ service at the end of the scheme financial year i.e. to have commenced employment with the Society on or before the 27th January 2018.

Please note that each Colleague Thank You voucher specifies the expiry date on the front and reverse of the vouchers. These are valid for 12 months from issue. The date will be shown on the voucher.

To be eligible, colleagues must have been a member of Midcounties Co-operative and have completed the appropriate lengths of service with Midcounties in the relevant period.

Eligibility criteria

All colleagues employed on or before the 25th January 2020 will be eligible for a dividend; those employed after the 25th January 2020 will not receive a dividend payment this time. Payments are awarded dependent on your actual average hours, in three categories as set out in the table below. Colleagues with two or more years’ service, at the end of the scheme financial year, receive a higher payment. 

Colleagues who are contracted on a zero-hours basis and have not worked any hours during the voucher period will not be eligible for payment.

All dividend payments will be based on colleagues’ average hours worked in the financial year. The table below shows what payment to expect:

Where can the Vouchers be spent?

Vouchers can be used in participating Midcounties Co-operative outlets including food stores, pharmacies, travel, funeralcare and nurseries when presented with a valid membership card of the same membership number. Colleagues may be asked to sign the back of the voucher as proof of identity.

• To redeem your vouchers with Phone Coop, as full or part payment against a Co-operative Phone account, please send them by recorded delivery to SOTP Team, The Phone Co-op, 5 The Millhouse, Elmsfield Business Centre, Worcester Road, Chipping Norton, Oxfordshire, OX7 5XL

• To redeem your vouchers with Co-operative Travel, as part or full payment against a holiday, you can use them in a Midcounties Travel branch or call the colleague Travel hotline 0800 7811595.

• • Should you wish to use your vouchers to book a holiday, or make a payment against a colleague booking already made, please take your vouchers into your local travel branch. Alternatively, where you wish to make a telephone booking, or a booking on our website, please make the Travel Advisor aware at the time of booking and forward your vouchers by special delivery to, either the branch where you have made the booking, or where a booking is made with cooptravel.co.uk, please post your vouchers special delivery to cooptravel.co.uk, 62 Wolverhampton Street, Walsall, West Midlands WS2 8DD.

• • Vouchers can be used to purchase currency and cash passports (excludes purchase of sterling cash passports).

Vouchers cannot be paid into your member share account or used on the Pharmacy website. Also excluded are funeral disbursements, prescriptions, electronic bill payments, gift vouchers and saving stamps.

Reasonable change of up to 10% may be given in line with store/branch policy.

Expired or misplaced vouchers can be replaced up to 6 months from the expiry date. You will need to apply in writing to the Reward and Benefits Team. Requests can be sent back to the Reward and Benefits Team, PSG at The Midcounties Coop, Warwick Technology Park, Gallows Hill, Warwick, CV34 6DA or email  Your.Benefits@midcounties.coop

All replaced vouchers will invalidate the original vouchers.