I see quite a few posts about people discussing voluntary retirement buyout packages, I realize senior management's package would look a lot different than say a level 4. Just curious of those that have experienced or have seen the package what it may look like? Is it a year's salary and medical or something different? Obviously, the benefit to the company would be to save overhead expenses but at the same time it would need to incentive for the employee.
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HR could explain it
The RHRP can be used to pay cobra, etc. but you would need to be 55 yo with 10 years tenure
2 boxes of sh--e
FALSE
vbo was offered to people. wasn’t made public.
Personally, I find Airbnb to have better accommodations
VBO ship has sailed, don’t think it will be offered again, at least not anytime soon. This comes from a senior HR source.
There is a VRBO ad right below this post
if you are level 4 at vbo stage you’ve truly had a miserable performance run at the company.
VRBO? They are offering stays at vacation rentals by owners? Nice!
I don’t think you had to be 50- you just need age and service = 80
In the past, a VBO was 3 wks of pay per year of service. I think medical was covered for 2 yrs at company rate, then cobra rate after that, until age 65. To qualify for the offer, the equation was: years of service + age >= 70. But I do think at a minimum you had to be at least 50 years old also. VBO was offered around March of 2017 and March 2021.