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Old Yesterday, 07:41 AM
 
Location: Western Colorado
11,120 posts, read 12,527,867 times
Reputation: 26284

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Did you ever WANT to be downsized?

I need to loose about 20 pounds, so yeah.
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Old Yesterday, 08:33 AM
Status: "Loving life, wife and job!" (set 26 days ago)
 
Location: USA
1,018 posts, read 398,947 times
Reputation: 2774
Quote:
Originally Posted by Serious Conversation View Post
I wouldn’t unless I was certain I could manage it financially anyway. A job search at that age could be devastating.
I think everyone's goal should be to be prepared for getting outsourced/shown the door/job loss/etc by the time they're 55 if not 50. Otherwise, you're correct - it can be a tough, tough adjustment.
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Old Yesterday, 09:15 AM
 
2,491 posts, read 2,119,588 times
Reputation: 3651
I was definitely hoping for that, but made it to 65 and resigned/retired. I kept thinking if only they would lay me off at a minimum I would get unemployment insurance (and I hoped for severance). Anything is better than nothing. I did not collect soc sec so it really went to no income for the year. I saved and planned to not be working so financially I am more than fine, BUT any income is better than no income so YES I wanted to be downsized and would have been deeeeelighted.
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Old Yesterday, 09:39 AM
 
Location: Las Vegas
13,911 posts, read 25,394,676 times
Reputation: 26465
I had my fingers crossed for a 'package'. Some other people got really sweet deals. But alas...not me!
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Old Yesterday, 09:43 AM
 
26,113 posts, read 33,129,105 times
Reputation: 32436
Quote:
Originally Posted by wendellgee View Post
Has anybody here wanted to be downsized?
Nope.
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Old Yesterday, 09:46 AM
 
Location: Shawnee-on-Delaware, PA
3,924 posts, read 3,606,592 times
Reputation: 7233
I think a lot of people who work for giant corporations that offer fat packages to early retirees jump at the offer. I've even heard of people who get hired back as "consultants" after early retirement at an even more lucrative rate. Hey, as long as it's not the government shelling out that money, I say go for it.
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Old Yesterday, 10:17 AM
 
Location: Forests of Maine
30,745 posts, read 49,579,522 times
Reputation: 19180
Sure.

My career was serving in the US Navy. They have a High-Year-Tenure [HYT] policy. Given how high a person has advanced, in my case I am an E-6, I was only allowed to stay on Active Duty for 20 years. At my 20th anniversary [plus one month] I was forced onto pension.

I knew about the HYT policy back when I had only served for 10 years. So we had plenty of time to plan for it.
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Old Yesterday, 10:28 AM
 
1,713 posts, read 600,213 times
Reputation: 3184
You know you're completely out of the "workplace mindset" when you automatically interpret the title of this post as referring to the size of your current house versus the previous one *raises hand*
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Old Yesterday, 11:13 AM
 
Location: RVA
2,178 posts, read 1,277,833 times
Reputation: 4506
Yeah, that’s what I thought it was about too. As it is, yes, I took a lucrative enough ERP 2 months ago at age 61+4. I get my full salary + pension until July 2020, plus some extra benefits (free HI, SS supplemental stipend etc) through then, then salary goes away. Too good to pass up, and I had been hoping/anticipating it for over a year.
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Old Yesterday, 11:42 AM
 
35 posts, read 22,128 times
Reputation: 124
I volunteer regularly for the job elimination list, but never get taken up on the offer.

We're always looking to cut costs, which means cutting jobs. I'm right now doing at least parts of the jobs that previously were done by 5-6 other people. I'm 57 next month, and right now the thought is to retire in about a year and a half. If I were severed, I'd get 83 weeks of pay. I keep hoping...
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