Informing Management of Decision to FIRE

[kcowan]

What is this phrase "buy out" of which you speak?

In my case it was a five years bonus to the rule of 80 so that it became the rule of 75 for one year. It enabled me to retire at reduced pension at age 49.

 

[travelover]

What is this phrase "buy out" of which you speak?

In my case even though I was 54, my pension was calculated as if I was 62, i.e. the company kicked in the extra to the pension fund, plus paid health care.

Given the state of the US auto industry, the mere fact that I'm still drawing this pension and health benefits is a miracle. No, my company did not get a government bailout.

 

[Milton]

What is this word "pension" of which you speak?

 

[travelover]

What is this word "pension" of which you speak?

In ancient times it was just called "I will pay you to go away and never come back".