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Old 07-28-2019, 03:53 PM
 
2 posts, read 495 times
Reputation: 13

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We have two people retiring next year in our department. They have already outsourced some of the work (IT related). There will be 3 of us left after the retirements. Recently we got an e-mail with new job descriptions, and are supposed to have a meeting about it sometime soon. It is really unclear, but it might be a situation where jobs are reorganized and searches done for candidates after the retirements. I will be 61 at that point, almost 62. At times I feel like if they downsized me, gave me severance, I would welcome it as a needed push out the door. I have friends that worked for Time Warner and they all took a "buy out" and never looked back. Has anybody here wanted to be downsized?
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Old 07-28-2019, 03:56 PM
 
3,655 posts, read 1,434,768 times
Reputation: 7147
"Has anybody here wanted to be downsized?"
yes.
took the money and ran.
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Old 07-28-2019, 04:02 PM
 
Location: Columbia SC
9,053 posts, read 7,814,843 times
Reputation: 12345
Wend

My wife got an awesome buyout from the Comm. of Ma at age 62. She was not planning on retiring until age 65, but when the plan came out (only offered to upper management), it was too good to pass up. On paper they upped her age to 65 from 62, her service form 18 to 20 years. Her boss hired her back as a consultant, one year contract, same yearly salary on a 1099, 3 days a week. That was a good year....LOL

I say wait and see what they do, then decide how it fits you.
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Old 07-28-2019, 05:25 PM
 
Location: Florida
5,305 posts, read 3,057,367 times
Reputation: 9660
I was downsized at age 59, that was a crash course in frugal living. It was during a recession and the job market was as cold as a tomb.
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Old 07-28-2019, 06:06 PM
Status: "Loving life, wife and job!" (set 26 days ago)
 
Location: USA
1,018 posts, read 398,947 times
Reputation: 2774
Yes. I just passed 61 and could have retired at 60. I love my job and since my wife plans to work until she’s 60, I decided to keep working until it’s no longer enjoyable. In my mind, maybe a few more years.

Having said that, if they offered an incentive to retire, I’d take it and move to work part-time in my field. I can also do consulting which may or may not be worthwhile in the money/time equation. The funny thing is that I feel strongly that I can contribute and have fun doing it so I’m in no hurry to voluntarily leaving the best job I’ve ever had without an incentive.
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Old 07-28-2019, 06:39 PM
Status: "Life is good." (set 1 day ago)
 
Location: Colorado
29 posts, read 6,377 times
Reputation: 179
I have 16 months to go before my voluntary retirement. If I could volunteer for a lay off, save some one else job and get a decent good bye package. Then I am out of here.
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Old 07-28-2019, 06:50 PM
 
Location: Albuquerque, NM
1,432 posts, read 2,580,987 times
Reputation: 2551
I'm planning to retire at 64.5 when I become pension-eligible (Rule of 80). I think I would welcome a buyout any time after about age 62 as long as the terms were such that there was no mad scramble for health care. I say 62, because that's when my house should be paid off and the monthly nut will decrease significantly.
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Old 07-28-2019, 07:35 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,727 posts, read 40,135,596 times
Reputation: 23895
"Did you ever WANT to be downsized?"

OMG YES!!! every hour of 30 yrs of night shift, I envied those GONE before me.

Poof, I took it.

Retire early, retire often
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Old Yesterday, 02:33 AM
 
Location: Tennessee
23,782 posts, read 17,715,323 times
Reputation: 27832
I wouldn’t unless I was certain I could manage it financially anyway. A job search at that age could be devastating.
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Old Yesterday, 05:57 AM
 
270 posts, read 104,417 times
Reputation: 603
I was hoping for a layoff at my last job. It didn't come, so I ended up resigning.
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