Make sure you retire in the right month, it can matter. There’s YouTube videos out there about it.
-SB
Thank you for your suggestion, Snowy. It’s much appreciated. This is no longer entirely in my control, unless I want to risk losing the deal altogether. I didn’t want to sell at all in the beginning, but circumstances beyond my control have necessitated that I sell ASAP. Maybe I can tell the whole story later, but I’m unable to right now. As much as I’d like to maximize my profits by retiring in the right month (and in 2027 to be honest), I will accept this counter-counter offer and bolt ASAP. My accountant, who’s been with me for the last 26 years, has told me that the offer is very good and has advised me to accept it.
Thanks, SB.
The right month, for me, is early January. Long enough to get 90 days into the 2025 fiscal year, and thus be eligible , pro rata, for a portion of the winning performance bonus. But early enough that the “leave year” doesn’t end so that I get paid for all my accumulated annual leave (vacation time) rather than just the 240 hours that we’re allowed to pass on to the next year. We do not get compensated for our accumulated sick leave, unfortunately.
The only thing that would get me to stay is if I were eligible for the VRIF (Voluntary Reduction in Force) that’s coming, but that has never been offered to on-shift operations personnel, so that isn’t likely. (still, I haven’t signed the final papers yet as the VRIF info is coming out in a couple of weeks). If the VRIF happens and I’m eligible, the rumor is that it pays 1 week of pay for each year of service, and you have to work through the end of February. I’d gladly give up 2.5 weeks of leave time pay for about 5 months of severance.
All that said, I’ll look for the videos.