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chinaco · 10-24-2007, 03:22 AM

Many Fortune 500 companies will offer buyouts. Some smaller companies may just layoff.... It happens!

As far as a fair amount and what the company might offer... there could be some distance between those two. I have seen formula's where people get 1mo salary x Num years service.... sometimes up to a cap.

What I have seen is basically 1 or 2 years of salary.

Sometimes there is no severence, instead if the company has a traditional DB pension, they might add x months of service to your pension calculation based on the current years of services like the severance calculation above. It essentially boosts the pension payout... instead of a lump sum severance, you get it with the annuity.

10-24-2007, 03:22 AM	#5
chinaco Thinks s/he gets paid by the post Join Date: Feb 2007 Posts: 3,052	Many Fortune 500 companies will offer buyouts. Some smaller companies may just layoff.... It happens! As far as a fair amount and what the company might offer... there could be some distance between those two. I have seen formula's where people get 1mo salary x Num years service.... sometimes up to a cap. What I have seen is basically 1 or 2 years of salary. Sometimes there is no severence, instead if the company has a traditional DB pension, they might add x months of service to your pension calculation based on the current years of services like the severance calculation above. It essentially boosts the pension payout... instead of a lump sum severance, you get it with the annuity. __________________ Planned FIRE Summer 2011 Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.