New EER program rolled out today, details to arrive in eligible folks mailboxes next week. Minimum eligibility is 55 with 10+ years (as of Jan 31),
- 36 months of insurance at same premium current employees pay
- Up to 1 year pay (as lump sum retirement distribution or taxable payout) depending on years of service and salary
- Immediate vesting (retirement treatment) of options & shares
Deadline to apply is end of January, decisions in Feb, exit dates March-April (but could be as late as Oct). Applications will be decided based on cost, will accept longest tenure 1st if they have to only accept some.