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Offramp Update
Old 04-15-2014, 10:42 AM   #1
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Offramp Update

Wellll... It would seem that after ignoring my last career offramp (a layoff notice last August that was rescinded at the last minute) another one has presented itself - and is accompanied by a big flaming freeway closure ahead. In other words after hanging onto my job for an additional 9 months Megacorp has made my decision for me and I'll be RIFed a month short of my 54th birthday. Same severance as when offered last August, but my NW is now about 8% higher and the pension I'll get at 55 is about 10% greater (not to mention the time I need to support myself before receiving said pension is now 40% shorter).

In a perfect world I'd have probably been fearful/greedy enough to stick it out OMY until 55, but the 9 month reprieve has made a difficult step much easier. Class of 2014 here I come.
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Old 04-15-2014, 11:04 AM   #2
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Congratulations!!!
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Old 04-15-2014, 11:49 AM   #3
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Sounds like it all worked out just right for you - welcome to ER!
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Old 04-15-2014, 12:03 PM   #4
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Color me envious. I hoped for a severance package last year that didn't materialize... and am now in the OMY phase.

Congratulations!
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Old 04-15-2014, 12:04 PM   #5
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Sometimes events like a RIF force us out of a rut we knew we wanted out of but just didn't have the courage to act. Congrats!
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Old 04-15-2014, 12:40 PM   #6
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Quote:
Originally Posted by rodi View Post
Color me envious. I hoped for a severance package last year that didn't materialize... and am now in the OMY phase.

Congratulations!
+1. ( At some point, I will have to initiate my termination. )
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Old 04-15-2014, 01:24 PM   #7
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Sounds like a Blessing to me! Enjoy your retirement!
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Old 04-15-2014, 02:33 PM   #8
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Sometimes it's easier if the decision is made for us. I'll have to admit if I were terminated I would treat it as a windfall and happily move on.
Contrat's on this next step and best wishes
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Old 04-15-2014, 05:36 PM   #9
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Congrats!
Too many are getting RIF'ed with little or nothing these days.
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Old 04-16-2014, 02:08 PM   #10
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I too was offered severance last year ... but I declined ! And to make up for it I went into TWO more year syndrome. Now I spend half my time thankful that I declined and the other half kicking myself.

I think the RIF will be the best thing that ever happened to you. Congratulations on that little extra security that came along with those 9 additional months. Nice moves all around !
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Old 04-17-2014, 03:16 PM   #11
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Congratulations! You will enjoy the next "phase" of your life a lot!
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