No. of Recommendations: 0
TMFJeanie wrote:
It appears that the recent sale of his employer's privately-held company to a huge conglomerate will result in his being downsized (outsized?) within the next few months or so. Polite euphemism for getting sacked... you get the picture.

In my experience, most companies (especially big ones with public images to protect) that get involved in downsizing/merger/acquisition - any activity that eliminates employees - will enhance the retirement benefits of those people who get "sacked".

I would advise your husband to call his HR Manager and find out if this is happening, and if so, when will they be receiving statements of what their benefits will be.

It may not be much but it will help the planning process.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.