Recent content by paraman

The amount should of been more. In the last 5 years Pfizer decided to change the way it calculates its lump sum moving away from I believe Treasury Bonds for higher Corporate Bonds and phased it in 20% per year from one to another. That reduced everybody under the sun's retirement amount of...

Please note!!! The 600,000 is my earned retirement for working over 30 years not severance. The 2 years pay is severance. Thanks, paraman

Let me start with the bitter part. I haven't been bitter up to the part I lost my job. Please understand that the company has been in a buy and cut mode since Warner Lambert company was bought. The people have been feeling the pressure of Forced Distribution, Bar has been raised (BS), etc for...

I mentioned early on after my meeting with the department head that he said what if I can get you a job in another department that matches my skill sets. Maybe the lawyers can work out some deal with that in mind so I can get to retire when I'm ready. I am not counting on it. I will only sue if...

I have all my phone info as well as witness (2 of them) to what was said. You are correct about not the normal way of communication. He uses his blackberry to email everyone and again he never, ever called me on my cell phone or home phone. He didn't have my personnel cell number and got it from...

Here is some more info: My wife is presently unemployed collecting 476/week. I am losing my Job so I can’t work longer. It will be tough to find a replacement job and I will not make the money I am currently making at any job locally due to not enough opportunities presently. I have the ability...

Yes you are correct, The 600K is my lump sum retirement and my 401k is 150K, total 750K. The severance, if I signed my rights away would give me two years pay and free Insurance for 1 year, 5K for retraining and help with job placement. I was going to use the 2 year severance to pay mortgage off...

Thanks again for the great info everyone. I like to add some info about the discrimination issue. My boss called me on my personnel cell phone which he had to get from one of my friends. He was asked why he didn't use the company phone to call me. ( I work in different building and my work...

Should I persure discrimination I should of mentioned early on that I was asked if I would accept an early retirement package by my boss in order to save an younger worker. I have all the proof to back up this. Should I persue this or just move on and forget about it. Thanks paraman

The 600,000 can be rolled over. I will add my 401k to it as well. I can wait ~ 1.5 years to pull any money out of retirement in the worst case. Insurance is free for 1 year after that it's going to be tough. I will work on that in the next several months to figure that out. My warning period...

I have worked at Pfizer for over 30 years. The 600,000 is my retirement and my severence is 2 years pay which I will use to reduce debt. My 401 is terrible at about 144,000 so I can add that to my retirement. Thanks,

retirement information Thanks ;D for the tips and please keep them coming. I have lots to learn in the next month or so before I get my severence. paraman

I am 55 and will be recieving an early retirement lump sum of 600,000. I need some help on what to do with it to recieve monthy income starting in the next year and the half. I can't be to risky with my choices. I am losing my job and not counting on finding one to soon. Thanks, Paraman