Age discrimination is a realistic expectation despite the value one attributes to ones employer. If you have viewed the Ben Affleck and Tommy Lee Jones Film “The Company Men” you will see it also affects management.
While I have advised firms over the years to indeed especially in lean times to treat employees like the partners and family the assuage to, a few do not listen. For those, as my fifth graders would say, ‘knuckle heads” who don’t get it the Retirement Blog has suggestions:
You’re a few years away from retirement and you fear that you’re about to be laid off or fired from your job — ruining all your retirement planning. Attorney Larry Bodine, editor-in-chief of Lawyers.com, says, don’t go quietly — “Negotiate.”
Bodine believes that an age discrimination claim can be your most powerful bargaining chip. “If you can see any reason that you are being laid off because of your age — age discrimination starts at age 40, and if workers younger than 40 are being spared — this gives you leverage. No company wants lawsuits brought by employees.”
Bodine acknowledges that actually filing an age discrimination suit is an unrealistic option for many. “If you file a claim, you’ll be in court for several years,” he says. And the odds of actually winning aren’t great. But Bodine thinks that the threat will make many employers nervous enough to ease your separation from the company.
Here are six things he says you can negotiate for and have a reasonably good chance of getting:
Severance. At least a month of pay for every year that you have worked for the company.
Paid COBRA. The federal Consolidated Omnibus Budget Reconciliation Act guarantees that you can buy the health insurance your company offers for a maximum of 18 months. Ask the company to pay for the insurance for the whole 18 months.
Accrued bonus. If you were expecting a bonus at the end of the year, ask for it early. […]
Read more strategies via Fired? Don’t go quietly « Bankrate, Inc.
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