googily
Full time employment: Posting here.
- Joined
- Jul 6, 2013
- Messages
- 792
So, I took a deep breath and told my Megacorp boss that I want to downshift into a part-time position, basically spending the next few years running some low-stress projects and working with the company to shift some of my higher-profile projects to other places. My boss was surprisingly cool with it, though I imagine they were chewing through their cheeks at the same time.
There will be an initial meeting soon to discuss further. I'm 55, widowed, exempt/salaried, and covered by a (frozen) pension along with a couple of cash balance programs that replaced the pension (which can start at anytime but 65 is full payment). My 401k does have a Rule of 55 provision, though it's an all-or-nothing withdrawal setup. (I have brokerage, Roth, and a spousal inherited IRA that can get me to 59.5 and beyond if I can't touch my 401k until 59.5)
Having never had to negotiate, well, anything, with an employer, is there anything I should be watching out for? My initial salvo mentioned that I want to be able to work from anywhere (so, fully remote unless I choose to go in), and that I'd like to still be covered by the Megacorp health plan. Salary is far less of a concern, unless they won't keep me in the health plan, in which case I want more money so I can go ACA.
If they say they will only agree to a new role if they move me to contractor status, I wouldn't necessarily have a problem with that unless there's potential landmines I am aware of. (COBRA? Rule of 55? etc)
Basically, I'd love any insights into how to best position myself in this. I'm not so desperate to keep working for them that I'd just go along with anything, but I am ready to leave if they don't come up with anything to my liking.
Thanks for any tidbits that you big-time corporate warriors can provide.
Also, I can't believe I actually did it.
There will be an initial meeting soon to discuss further. I'm 55, widowed, exempt/salaried, and covered by a (frozen) pension along with a couple of cash balance programs that replaced the pension (which can start at anytime but 65 is full payment). My 401k does have a Rule of 55 provision, though it's an all-or-nothing withdrawal setup. (I have brokerage, Roth, and a spousal inherited IRA that can get me to 59.5 and beyond if I can't touch my 401k until 59.5)
Having never had to negotiate, well, anything, with an employer, is there anything I should be watching out for? My initial salvo mentioned that I want to be able to work from anywhere (so, fully remote unless I choose to go in), and that I'd like to still be covered by the Megacorp health plan. Salary is far less of a concern, unless they won't keep me in the health plan, in which case I want more money so I can go ACA.
If they say they will only agree to a new role if they move me to contractor status, I wouldn't necessarily have a problem with that unless there's potential landmines I am aware of. (COBRA? Rule of 55? etc)
Basically, I'd love any insights into how to best position myself in this. I'm not so desperate to keep working for them that I'd just go along with anything, but I am ready to leave if they don't come up with anything to my liking.
Thanks for any tidbits that you big-time corporate warriors can provide.
Also, I can't believe I actually did it.
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