retirement packages

2collegewego
Tue, 29 Oct 2013 15:42:41 +0000

Many years ago, my mom took a buyout. I’ve seen it in my industry several times. It is generally attractive to employees nearing retirement or who are considering leaving anyway. (I’ve seen people take them and stay home with their kids or change to new careers.) In the cases I’ve seen, the employers want to get rid of the higher salaries of more experienced people. Sometimes they are replaced with young workers or the company allocates the resources from one dept into another. The employees who want it take it and the ones who want to stay can do so and may be laid off or not, just like any other time. The ones I’ve seen are generally not enough money to be attractive to someone who loves their job and plans to be in it for another 10+ years, but it can be enough money to tip the balance for someone who was thinking of retiring in the next 2-3 years.