Anyone know the pros/cons between being laid off versus taking retirement? Severance, unemployment, health benefits, stock options, other considerations?
5 replies (most recent on top)
If you are financially able to retire, at retirement age, and you like your job just put your head down until they RIF you. Depending on your years of service, you will get up to 6 months of salary. Who doesn't like free money?
If you don't like your job, at retirement age, and are financially able only you can decide if you want to be let go or retire.
Do yourself a favor, and start working with a Financial Advisor to get a feeling of where you stand. They may say you are fine or let you know that you need a part time job if you choose to leave.
Staying with the company may also give you time to pay off your car, mortgage and other debt that might drain your bank account during retirement.
I do have to say, being on Medicare may be more expensive for health care, but it's a major improvement over the company's horrible plans.
Is it possible to retire from Fiserv anymore?!??!!!?? Seems like you get snipped before that happens.
If you retire then you’ll continue to vest your incentives. If you get laid off then you lose them
If you don't want to find another job and are at retirement, ask your manager for a severance package to be let go. They'll grant it to save extended salary/benefits.
This is literally the only scenario where waiting for severance makes sense with Fiserv.
People working for fiserv will be laid off before they can take a retirement. Fact.