Portal Forums Links Register FAQ Community Calendar Log in

Join Early Retirement Today
Reply
 
Thread Tools Display Modes
I'd hate to die at the office, but if I did...
Old 08-11-2012, 08:06 PM   #1
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
I'd hate to die at the office, but if I did...

... I'd want to be a Google employee.

Here's What Happens To Google Employees When They Die - Forbes
Quote:
Should a U.S. Googler pass away while under the employ of the 14-year old search giant, their surviving spouse or domestic partner will receive a check for 50% of their salary every year for the next decade. Even more surprising, a Google spokesperson confirms that there’s “no tenure requirement” for this benefit, meaning most of their 34 thousand Google employees qualify.
The case-by-case do-goodery was formally implemented in 2011. In addition to the 10-year pay package, surviving spouses will see all stocks vested immediately and any children will receive a $1,000 monthly payment from the company until they reach the age of 19 (or 23 if the child is a full-time student).
Of course the downside of this perk is that you're a Google employee who's worth far more to your family dead than alive.
__________________
*

Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."

I don't spend much time here— please send a PM.
Nords is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-11-2012, 08:29 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 35,712
Darn! I never heard my brother saying anything about this. But then, he left Google in 2010, while this was implemented in 2011.

Wonder if it would have made him change his decision. Being a late starter, he has young children. I am not going to bring this up when I see him of course, and just wait to see if he knows.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)

"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
NW-Bound is offline   Reply With Quote
Old 08-12-2012, 12:30 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 17,244
Quote:
Originally Posted by Nords View Post
...
Of course the downside of this perk is that you're a Google employee who's worth far more to your family dead than alive.

No, I think the downside is that you are a Google employee period....

I do not think they have a good work/life balance, at least that is what I hear...
Texas Proud is offline   Reply With Quote
Old 08-12-2012, 06:15 AM   #4
Thinks s/he gets paid by the post
Redbugdave's Avatar
 
Join Date: Apr 2006
Location: Columbia, SC
Posts: 1,132
I have read stories about the work/life balance over there, too. If you are young and not married...that's OK to live your life at work. I think the brightest do just that, because it's their thing and calling. Might as well forget about marriage and kids since your work is your life.

I'm old school and need a balance. And I have too many other interests/callings. It's called "A Real Life". Working for the Feds...If I died in the office, or in the woods for that matter...my spouse would get 50% of my salary as an annuity as part of my benefit package.

I think what is being touted is no big deal. A big deal would be a yearly bonus in the thousands, a good health care plan, and lots of vacation time.
__________________
"I either want less corruption, or more chance to participate in it." Ashleigh Brilliant
Redbugdave is offline   Reply With Quote
Old 08-12-2012, 08:48 AM   #5
Thinks s/he gets paid by the post
 
Join Date: May 2005
Location: Texas
Posts: 1,038
For me, being dead diminishes the value of whatever happens after.
__________________
In theory, theory and practice are the same. In practice, they are not.
Lazarus is offline   Reply With Quote
Old 08-12-2012, 10:01 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Houston
Posts: 1,448
Quote:
Originally Posted by Lazarus View Post
For me, being dead diminishes the value of whatever happens after.
That's not what I expected someone named Lazarus to say...
soupcxan is offline   Reply With Quote
Old 08-12-2012, 10:30 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: NC
Posts: 21,309
Enjoy it while it lasts. Remember when IBM and a host of other companies offered generous salaries & benefits and lifetime employment, at least many of them are still around. Wang Laboratories offered similar employment perks & seeming guarantees and Dr. Wang was on the cover of many business magazines, the whole company essentially disappeared in the 90's. Eventually competition brings companies back down to earth, despite the best of intentions toward employees...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Quick Links

 
All times are GMT -6. The time now is 07:34 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.