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Old 10-10-2015, 05:22 PM   #41
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OP: Take it! I think you can also collect unemployment and read up on obamacare...
Taking an early retirement package is a voluntary separation, not a firing or a layoff which allows unemployment benefits.
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Old 10-10-2015, 06:56 PM   #42
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OP: Take it! I think you can also collect unemployment and read up on obamacare...Since you'll be retired, you can keep your MAGI below 400% FPL and get a subsidized health insurance.

I'm five years away from my retirement but I would jump onto any offer like yours my megacorp offers.
He may, or he many not.... when I was let go last time I got a whopping 2 weeks severance.... but the boss said that if he needed me he would call... that meant that I was NOT let go for unemployment....

From the first post, I would think he would qualify.... but that is a state decision.... and since he will be one of many, I bet the state will look into it a bit more than just a one off....
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Old 10-10-2015, 08:03 PM   #43
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Take it, no brainer.
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Old 10-10-2015, 09:21 PM   #44
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The package offered may or may not be 'early retirement'. In practical terms for the OP it may be earlier retirement but for the workforce as a whole 'retirement' may not be a factor.

I have seen a lot of 'right sizing' offers, an employee about ready to retire would not be one I would select -- heck they will go without the incentive, why offer an inducement.

Button your lip about your options. The word does get around.
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Old 10-11-2015, 07:13 PM   #45
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At MegaMotors, the first wave got a generous severance package, the second wave just got the boot. Be in the first wave.
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Old 10-12-2015, 06:26 AM   #46
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I would take it, period. If you're ready to retire, then you've got a nice bonus to kick you off. If you want/need to work a bit more, you've got some breathing room to get your self re-employed.
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Old 10-12-2015, 11:01 AM   #47
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At MegaMotors, the first wave got a generous severance package, the second wave just got the boot. Be in the first wave.
Well said. Packages can get progressively worse as the company's financial struggle continues.A previous megacorp I worked for went through this.
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Old 10-12-2015, 11:56 PM   #48
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Well said. Packages can get progressively worse as the company's financial struggle continues.A previous megacorp I worked for went through this.

Not all layoffs are due to financial struggles.... some are due to decisions to get out of a certain business.... some are due to mergers where you are getting rid of overlapping workers....

I remember that my brother was working for a tech company and they announced a huge number of layoffs along with record profits....


Now, if the company is doing layoffs to try and stay afloat, that is something you need to look at....
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