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10-10-2015, 04:22 PM
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#41
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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 Quote:
Originally Posted by retire2020
OP: Take it! I think you can also collect unemployment and read up on obamacare...
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Taking an early retirement package is a voluntary separation, not a firing or a layoff which allows unemployment benefits.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-10-2015, 05:56 PM
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#42
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,241
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Quote:
Originally Posted by retire2020
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.
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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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10-10-2015, 07:03 PM
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#43
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Full time employment: Posting here.
Join Date: Jan 2006
Posts: 956
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Take it, no brainer.
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10-10-2015, 08:21 PM
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#44
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,113
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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.
__________________
Duck bjorn.
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10-11-2015, 06:13 PM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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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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10-12-2015, 05:26 AM
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#46
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Recycles dryer sheets
Join Date: Apr 2013
Location: Humble
Posts: 188
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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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10-12-2015, 10:01 AM
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#47
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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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. 
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10-12-2015, 10:56 PM
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#48
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,241
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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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