Originally Posted by
FlyASA
According to an email they are offering a retirment plan for qualified individuals. If my calculations are right the max one can expect from an early out lump sum payment is $57,600 + whatever vacation time they have left. They also get flight benefits and COBRA for 18 months.
They are also offering an early out plan as well.
I don't think they'll get too many takers on this, but who knows. I'm sure there are plenty of guys who need to rebuild their 401K for a couple of more years.
While I dont disagree with your assesment, I will say that some older guys would be better off acepting this, its going to take more than a couple years to put 58 grand into a 401K, youll probably never recoup that much in 3-4 years, unless you put about 1200 dollars of your own money a month into that 401K....just an observation, I think if I was the boat I would consider it for sure. Take it lump put it into your IRA.