he ll apply for unemployment..he's 62 and really has little chance to do anything in his field of knowledge and skill....
here's a question for those that might know.....if his income drops significantly because of being laid off, will his SS which he'll claim in the future...is that going to be lower now?
I can’t answer that question with certainty but I think SS payments are based on lifetime earnings not the last paycheck you received. SS sends out a form each year telling you what your monthly check would be as of that time. You should check that.
About the only way to know for sure would be to run the numbers. SS calculates benefits based on the 35 highest years of earnings, after applying inflation adjustments. If he had already contemplated retiring in a year or two the impact may be minimal. The SS web site has a lot of information posted about benefit calculation.