So, my school is offering early retirement for anyone who has been here for 10 years

MissMillie

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Wed Feb-11-09 09:11 AM
Original message

So, my school is offering early retirement for anyone who has been here for 10 years

I've been here for 23.

Do early retirement packages often offer health benefits?

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lizziegrace

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Wed Feb-11-09 09:34 AM
Response to Original message

1. You'd have to ask HR about that

Are you in a classified position or administrative? CCS employees at Ohio State aren't protected by a union, but are more protected than A&P staff.

Are they allowing you the full benefits (as if you worked 30 year or whatever their max is for calculating your benefits)?

What's the job market like if you need to or want to return to work?

Are you part of a state-wide employees retirement system or a university system? A rep at the organization that manages the retirement funds should be able to answer questions about the advantages to taking it now over waiting (assuming there even are any...)

Good luck. :hug:

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MissMillie

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Wed Feb-11-09 09:36 AM
Response to Reply #1

3. university-wide, unionized

The specific details for each person are going to be mailed out to them individually, so I don't know all of the answers just yet.

I would continue to work, but I would try to get into a different field.

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lizziegrace

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Wed Feb-11-09 09:47 AM
Response to Reply #3

5. So what do you think?

are you ready to move on?

:hug:

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MissMillie

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Wed Feb-11-09 10:19 AM
Response to Reply #5

6. more than you know

but it turns out you have to be 55, so I'm not eligible.

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lizziegrace

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Wed Feb-11-09 10:25 AM
Response to Reply #6

7. I'm sorry

:hug:

They did the same at Ohio State a few years ago. The minimum age was too high for so many.

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MissMillie

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Wed Feb-11-09 10:50 AM
Response to Reply #7

8. Well, I guess there's still a chance I'll win Mega Millions

:bounce:

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Stinky The Clown

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Wed Feb-11-09 09:36 AM
Response to Original message

2. Does that include students?

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MissMillie

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Wed Feb-11-09 09:37 AM
Response to Reply #2

4. students are only here for 2 years

graduate school

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old mark

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Wed Feb-11-09 10:50 AM
Response to Original message

9. MM: I retired at 59, several years ahead of my original plans.

I love every minute of it, will be 2 years in May.
Little less money than what I thought, but enough and about zero stress, no bosses, no driving to work in the ice storms, etc.

I am painting again, and occasionally selling stuff on eBay for a few bucks to spend wildly, and spending too much time on this forum.

My wife and my dog are both very happy that I'm home, too.

mark

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