Because in my case i was younger than 53 ( i was close to 53, but no budging on Enbridge's part ). Yes the money offered was good, but the impact to my Pension ( Canada ) was too severe. My pension would be reduced and I would lose a future indexing, lose my benefits etc etc. This is because leaving before 53 and Enbridge not bridging for anyone more than two years out from 55, meant my departure would have been viewed as a break in service and thus lose everything above. I would not be viewed as being 55 by the pension and thus did not achieve the age requirements. In this job climate I would need to get another job, that paid more, for me to be financially whole. So yes it s—s, but for me it was strictly a financial decision given my personal financial situation. I could not afford to lose future pension and benefits. All of this was confirmed by the VWO and my financial advisor. I just hope anyone younger than 53 understands this before they sign and take it.