I've had 58 of my peers that hired in around same time as me in 1986 that were"voluntold" it was time to retire, last one left June 30, using CV-19 cash flow woes as the reason for down-sizing our businesses globally the 1st cut was we will "allow" 15% of workforce turning 60 by June this year to retire early now (then April) with 1 week pay for every year of service bonus and start drawing pension early as well, then when they didn't hit the desired # they upped another 10% participation for 25% total reduction and changed to eligibility of 60 by Dec. 2020. Those that wanted to stay were told to rethink that because if numbers were not met the coming RIF would impact them and they would not qualify then for the incentive bonus.
RATZ I'll just turn 59 this year, and I doubt the offer will apply for me in 2021 when I'll be zeroing in on 60, pension participation freezing this Dec. no more additions by self or company allowed, or additions to salary increase after then so 401K only. I had planned to semi-retire at 55 the visit by hurricane Katrina me at ground zero for that visit in 2005, and market "bump" in 2008 had me thinking of staying until age 65 for a little better pension....well with the freeze now to stay at current pension accumulation pot, not much incentive for me to want to stay any longer than I have to.
Plus with all the vacated experience and me being "the last guy" with any experience how to make the final delivered product work my work just picked up SIGNIFICANTLY>
Training all the new folks left behind to try to recover all the lost tribal knowledge when 58 of our most experienced engineers, techs, and customer service managers supporting 33 navies and commercial turbine powered ships pulling an "Elvis has left the building departure" at the same time, I never thought I'd be one of the "old guys" with the info, but accepted that over last few years along with the other "old guys".
Never in my wildest imagination would I have ever considered the possibility that I would be "THE LAST OLD GUY" turn out the lights when you leave guy, that I was not/am not ready for.
I would be revisiting your pay or the work load. In other words give em only what you are getting paid for. Otherwise they are screwing you and getting away with it. As well as screwing the "experience" their ignorant management/owners just forced out. The company may fail from stupid greed like this before your hard work can help save it. Training your replacement for free is just that...
