namako
08-02-2005, 03:52 PM
I have worked for a large co for 23 yrs, and have an excellent employment record. I am eligible for early retirement benefits in 18 mos. I am 53 yrs old.
Last Wed I was told that my job is being relocated to Seattle. Although I am prepared to move with my job, it has been made clear to me that I am no longer the man for the job by my new boss of 2.5 wks. In fact, I was told that I would be put on "probation" if I took the same job I have been doing, in a different city.
I have been given the choice to seek employment elsewhere in the co, or to take a severance package. The severance package would be given to me only if I sign a waiver of my ERISA rights, and it specifically says, in bold type, my "ERISA rights".
What concerns me most is the loss of my retirement medical/dental insurance that should be available to me at age 55, if I were to take early retirement in 18 mos. I would like that coverage. Do I have any recourse or negotiation ability for these benefits?
Thanks.
Last Wed I was told that my job is being relocated to Seattle. Although I am prepared to move with my job, it has been made clear to me that I am no longer the man for the job by my new boss of 2.5 wks. In fact, I was told that I would be put on "probation" if I took the same job I have been doing, in a different city.
I have been given the choice to seek employment elsewhere in the co, or to take a severance package. The severance package would be given to me only if I sign a waiver of my ERISA rights, and it specifically says, in bold type, my "ERISA rights".
What concerns me most is the loss of my retirement medical/dental insurance that should be available to me at age 55, if I were to take early retirement in 18 mos. I would like that coverage. Do I have any recourse or negotiation ability for these benefits?
Thanks.
