FIS is planning to offer Golden Handshake to employees over age 50.
The terms are 2 x Number of Years in Service + prorated 401K
The offer has been given to several employees in my team.
8 replies (most recent on top)
@OP I know this is an asinine question but "2 x Number of Years in Service + prorated 401K". 2 what? Weeks, months, knowing FIS....Days?
Wonder where the sign up sheet is for that handshake
@b6 I am in the same position. Over 25 years of service but under 50 years old. Would take the option immediately if offered.
It’s more like a Golden Hand Job.
Under 50 but close to 25 yrs service. Give me that offer and I’d sign it immediately. Other companies have done an equation of age + yrs of service…I’m holding out hope for that.
I wish there was a laugh emoji on some of the things that are written.
What team are you? Location?
Isn't that the normal severance with an extra 401k kicker? In 2019 when they had some major RIFs they offered 2 years of severance to the "older" workers.