If my Megacorp offered such a buyout, there would be a stampede to volunteer for it.Voluntary buyouts offered just to people over a certain age aren’t discriminatory if they’re made the way Fidelity has done it. There, workers can choose to accept payouts that include from six months’ salary to more than two years' salary, plus 18 months of continued health-care coverage on their current plans, and then the option to stay on the health plan at a higher cost until they’re Medicare-eligible at 65
From the article:
If my Megacorp offered such a buyout, there would be a stampede to volunteer for it.![]()
I agree that Fidelity is treating those who accept the offer pretty well. I still wonder if taking it is the wisest decision for everyone. I was with a Prudential sub in the early 1990s when they offered voluntary separation packages for people meeting some criterion of age plus years of service. Some of the ones who took it were clerical types in their mid-50s and they planned to just quit work and travel. I wonder how they ended up. Their pensions (non-COLA) would now buy about half what they did 20 years ago.With the benefits being offered, it's going to be the best thing to ever happen to the Fidelity employees.
And life goes on, and so does the company . . . . . . . . . . .
Nice Package.......TWSS....
Definitely would be a good way to retire with several months severance...
You've heard the horror stories about many Americans retiring with puny nest eggs and little income to live on…. [E]arly retirement can mean an income squeeze…. [M]ore Americans should consider working longer and delaying Social Security.
Interesting that while Fidelity is trying to induce its employees to take early retirement, it is [-]publishing advertisements[/-] sponsoring 'articles' like the one referenced in this recent thread, cautioning its customers against the financial perils of same.