29yrs 45 weeks

[Rivrrat]

The company I work for offered an enhanced voluntary separation plan today, and the cash offer is pretty decent. I need to have 30 yrs in to be pension eligible, I'd need that pension to take the offer, and I'd like to.

I'll have 29 yrs 45 weeks when I'd have to be off the payroll. :(

I suppose I should be happy that I'm just employed in this economy.

[MrNightly]

That sucks man... sorry to hear that.

[obieone]

Sorry to hear that man. Being 7 weeks shy of qualifying SUCKS!

[brettw22]

I'd try to work something out with them. It's not likely that there are many that are THAT close so you might be able to make a case for staying on for another 7 weeks during the 'transition' time for someone new so you're eligible.

[Lasareath]

You don't happen to have 7 weeks of vacation time you haven't used that you can trade in?

[Rivrrat]

I'd try to work something out with them

45k employees, they don't work things out (conference call with HR). Although, they want people off the payroll, you'd think they would.

You don't happen to have 7 weeks of vacation time you haven't used that you can trade in?

They only let you trade one week a year (union contract), but with 5 weeks, I'd still be two weeks short.

We got a handout of what it takes to qualify, and I'm just short.

[danger boy]

the things that raise a red flag for me on your post is that you state it's "voluntary separation". where does it say you have to take it? did I miss something. if it was INvoluntary, then you'd be screwed.

i say you should plead you case to your CEO or someone. Seriously, what kind of company does that for being just 7 weeks shy of full pension?

[Rivrrat]

I don't have to take the buyout. I need my pension to be able to take it, and I'm 7 weeks shy of being pension eligible. If I take the buyout now and leave 7 weeks shy of being pension eligible, I won't be pension eligible again until I'm 65.

Thay want employees to go, I want to go (with the buyout), yet because of corporate and union rules, they can't be flexible enough to work out 7 weeks with a leave.

As I said, I should be happy to still be employed in this economy.

[danger boy]

ahhh gotcha. yeah that stinks to high heaven. why do they want employees to go?

[Rivrrat]

Trying to cut costs company wide.

I work on a crew that's really seniority heavy, and almost half are going to take this. That leaves the rest of us to take up the slack, since contracturally they can't replace these people for a specific time frame (probably a yr), and we're specialized enough that it takes a couple yrs to really get what we do.

So, with the OT I'll be making over this, you all are probably going to be hearing about my upgrades.;)