target2019
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Really nice "offer". You may qualify for unemployment benefits after the severance is paid out.Somewhat anticipated but still internalizing what my next steps are. I work in an aerospace industry in an IT organization. Megacorp (160,000 employees).
IT is being reduced and after 30 yrs I got my notice yesterday. Planned on working two years. I get a 6 month severance pkg.
It feels weird since I've never been "laid off" before.
About me.
55 yrs old
single
750K in 401K
pension (non cola) at $3100 a month (can draw after my layout benefit ends in 6 months). I can also take a lump sum on the six months pay.
expenses are 60K a year
After final check July 22nd will owe 125K on home (valued at 535K). No other debt.
Feels weird but to be honest was pretty burned out. We've had 3+ yrs of reductions. My background is IT Finance and IT Service Delivery mgmt. I achieved a "level 5" status which is high in my field. I might pursue contract work. Seattle WA is a pretty hot market right now (where I live).
Two undergrad degrees and one masters (TMBA)
I get retiree medical at a reasonable rate ($70 a month).
Cheers.
I had no pension or enough time in. Was a level 4 at a similar company.
I found that life improved, and was glad to be out of the megacorp malaise.
In my neck of the woods, the movement was to push services down to smaller companies. Hence, a smaller company found me, pays me level 5 salary, and I will ride the tiger for a year or two.
An IT manager from megamart just happened to hire on with my employer. Such a grin he had.