Retiring after 33 Years, Severance?? - Page 3

Luv2Decorate · ‎03-12-2010

Years ago, my husband worked for a Pharmaceutical manufacturer as an electrical engineer. They closed the plant and moved the manufacturing to another state. He was offered a job with the company, but we would have had to move out of state. He declined their offer and was offered another job which he took. He stayed with the Pharma company for a few months after it closed to help them disassemble the robotics and they gave him full pay and huge severance.

meem120 · ‎03-09-2010

Thank you everyone. All very good advice. I work for a wonderful man. He would like me to go with him, but it's an established firm. I would not be the manager and after 33 years of running the show I don't think I could be one of the girls again. I feel this would only hamper his standing in the new firm and I don't want to do that to him. Better for me just to call it quits. That being said, he wants to give me a severance package or something similar. Don't know for sure what it would be called under these circumstances. He will be giving this to me from the old firm. Nothing to do with the new one. I don't want to be greedy but it is 33 years. I did everything starting with designing the office with the architect to decorating to every other aspect of running a law office with 7 employees. But it's time to part ways now. Thank you all for your help. This is exciting and scary at the same time. But it's time for my husband and I to see the world!!! Yikes!!! I'm retiring!!

aggravated · ‎03-12-2010

Legally, I don't believe you are entitled to anything. And this is not really "severance" either. He offered you continued employment with the new firm, and you were the one that decided to retire. If you decided to retire, then retire. If he offers you a parting gift I believe you are fortunate and he is a kind person.

Bird mama · ‎03-12-2010

On 7/18/2014 mcall1020 said: Thank you everyone. All very good advice. I work for a wonderful man. He would like me to go with him, but it's an established firm. I would not be the manager and after 33 years of running the show I don't think I could be one of the girls again. I feel this would only hamper his standing in the new firm and I don't want to do that to him. Better for me just to call it quits. That being said, he wants to give me a severance package or something similar. Don't know for sure what it would be called under these circumstances. He will be giving this to me from the old firm. Nothing to do with the new one. I don't want to be greedy but it is 33 years. I did everything starting with designing the office with the architect to decorating to every other aspect of running a law office with 7 employees. But it's time to part ways now. Thank you all for your help. This is exciting and scary at the same time. But it's time for my husband and I to see the world!!! Yikes!!! I'm retiring!!

McCall, I wish you the best and hope that you enjoy your retirement. Smile

There are times when you must speak, not because you are going to change the opposing side, but because if you do not speak, they have changed you.

AngusandBuddhasMom · ‎03-10-2010

On 7/18/2014 mcall1020 said: Thank you everyone. All very good advice. I work for a wonderful man. He would like me to go with him, but it's an established firm. I would not be the manager and after 33 years of running the show I don't think I could be one of the girls again. I feel this would only hamper his standing in the new firm and I don't want to do that to him. Better for me just to call it quits. That being said, he wants to give me a severance package or something similar. Don't know for sure what it would be called under these circumstances. He will be giving this to me from the old firm. Nothing to do with the new one. I don't want to be greedy but it is 33 years. I did everything starting with designing the office with the architect to decorating to every other aspect of running a law office with 7 employees. But it's time to part ways now. Thank you all for your help. This is exciting and scary at the same time. But it's time for my husband and I to see the world!!! Yikes!!! I'm retiring!!

Good for you! Best of luck on your future journey and enjoy you earned it!!!!!!! Smile

terrier3 · ‎03-10-2010

On 7/18/2014 mcall1020 said: Thank you everyone. All very good advice. I work for a wonderful man. He would like me to go with him, but it's an established firm. I would not be the manager and after 33 years of running the show I don't think I could be one of the girls again. I feel this would only hamper his standing in the new firm and I don't want to do that to him. Better for me just to call it quits. That being said, he wants to give me a severance package or something similar. Don't know for sure what it would be called under these circumstances. He will be giving this to me from the old firm. Nothing to do with the new one. I don't want to be greedy but it is 33 years. I did everything starting with designing the office with the architect to decorating to every other aspect of running a law office with 7 employees. But it's time to part ways now. Thank you all for your help. This is exciting and scary at the same time. But it's time for my husband and I to see the world!!! Yikes!!! I'm retiring!!

Sounds like you had a great run with a wonderful boss...how lucky you are!

Again, I suggest you wait and see what HE offers...it might even be more than you expected!

Congratulations to you and DH!

magicmoodz · ‎03-16-2010

On 7/18/2014 mcall1020 said: Thank you everyone. All very good advice. I work for a wonderful man. He would like me to go with him, but it's an established firm. I would not be the manager and after 33 years of running the show I don't think I could be one of the girls again. I feel this would only hamper his standing in the new firm and I don't want to do that to him. Better for me just to call it quits. That being said, he wants to give me a severance package or something similar. Don't know for sure what it would be called under these circumstances. He will be giving this to me from the old firm. Nothing to do with the new one. I don't want to be greedy but it is 33 years. I did everything starting with designing the office with the architect to decorating to every other aspect of running a law office with 7 employees. But it's time to part ways now. Thank you all for your help. This is exciting and scary at the same time. But it's time for my husband and I to see the world!!! Yikes!!! I'm retiring!!

My guess is the very first day you don't have to report to work that fear will dissipate. You worked long and hard for this joyful occasion, mccall, enjoy every moment!

Note: And now that I understand more fully, I am so happy that your employer WILL be taking care of you!

meem120 · ‎03-09-2010

Thank you so much for all your well wishes. It will be an adventure for sure!!!

Suhse · ‎03-13-2012

On 7/18/2014 mcall1020 said: Thank you everyone. All very good advice. I work for a wonderful man. He would like me to go with him, but it's an established firm. I would not be the manager and after 33 years of running the show I don't think I could be one of the girls again. I feel this would only hamper his standing in the new firm and I don't want to do that to him. Better for me just to call it quits. That being said, he wants to give me a severance package or something similar. Don't know for sure what it would be called under these circumstances. He will be giving this to me from the old firm. Nothing to do with the new one. I don't want to be greedy but it is 33 years. I did everything starting with designing the office with the architect to decorating to every other aspect of running a law office with 7 employees. But it's time to part ways now. Thank you all for your help. This is exciting and scary at the same time. But it's time for my husband and I to see the world!!! Yikes!!! I'm retiring!!

I can certainly understand you not wanting to move to the new firm, after 33 years, and find yourself in a new enviroment, and a very different position. It would be a challenging transition, in the best of circumstances.

It would also be a bit unfair to the new firm. You say you planned to retire, in 18 mos. In a professional office, it can easily take that long, to truly learn all their policies and procedures, to find your "place", get comforable in their culture, and feel like you are a valuable contributing team member.

Just about the time the firm was looking at you, as an important team member, you'd retire!

Financially, some people would feel they had to keep working and that's understandable. If you don't, I say, take whatever compensation you and your boss agree on. Clearly, you've been a wonderful employee and have earned it. Enjoy that retirement ${#emotions_dlg.biggrin}$

hckynut · ‎03-10-2010

Severance pay to me usually is when a company is downsizing or going out of business. Seems like the word "buyout" would better fit your situation. I took a buyout with exactly 33 years of service with a big company.

I think you long service with this company and you pretty much doing everything but the litigating, that should be taken into consideration along with the number of years you worked for your boss.

Many buyout packages are based on one's salary(or in my case as a blue collar worker, on my pay grade)along with the number of years of service. Seems like a percentage of your annual salary might be a good place to start. What percentage? Only you can figure that one out.

Are you getting an medical/dental or vision along with money, or do you know. Best be sure to get all the details, however minute' they may seem.

hckynut(john)