Local 4 buyout packages

[Editorcj]

Hearing on the street, WDIV has offered incredible buyout packages to employees with 25 years service and are 55 and over. 18 months pay plus extended benefit packages including a year of health insurance. A lot of familiar talent and key below the line people are taking it, deadline I hear is Friday.

[Rate This]

Hearing on the street, WDIV has offered incredible buyout packages to employees with 25 years service and are 55 and over. 18 months pay plus extended benefit packages including a year of health insurance. A lot of familiar talent and key below the line people are taking it, deadline I hear is Friday.

Well this should be interesting.

[whitebalance]

The bill for the new set must have been higher than estimated.

[Dan in Northville]

Ring Ring.................................um, Bernie....Phone call for you.

[craig11152]

.....including a year of health insurance.

Hopefully they don't have sticker shock when that runs out. Half way decent insurance will run $700 to over $1000 a month at that age (Over 55)
Not sure what the job market would be in that industry at that age. I'm guessing not good.

[high fidelity]

.....including a year of health insurance.

Hopefully they don't have sticker shock when that runs out. Half way decent insurance will run $700 to over $1000 a month at that age (Over 55)
Not sure what the job market would be in that industry at that age. I'm guessing not good.

Right, I would not call that a great buyout package. Many probably keep working due to health insurance being so costly, and Medicare does not always pay much. Plus, a person needs to be a certain age before they can get that. If a person is past social security age plus they have a large nest egg, they probably leave.