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Mine was something like: Months of Bridge = Number of years/2.5 to a maximum of 12 months. That was how many months they would pay you your regular salary along with all benefits. If you were 55 or older at the end of the Bridge you then went to regular retirement package. If you were 53 - 54 at the beginning of the process they allowed you to take half pay for 2 years with benefits to bridge to 55. You had to have at least 10 years in to get the retirement bridge. If you went to work for someone else, even part time, you were paid the reminder of your pay in a lump and the other benefits stopped. That was a good excuse for turning down work the first year.
Really pretty generous and just what I was waiting for. I had passed on several of these packages earlier because I wasn't at the FI level I wanted, this time I was ready. Coming up on 2 years since I walked out, and it has been a great 2 years, especially the first year at full pay.
Jeb
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