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Retirement

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Take the voluntary redundancy?

103 replies

Middlechild3 · 12/02/2025 06:06

Hello, I've been 39 years at the same employer doing a variety of niche roles. Age 59, 60 in August at which point I can take my pension. Chance to volunteer for redundancy,generous package of 21 months pay plus potential for extra 3 months in lieu of notice. Sounds good but I'm single, have no family, close or extended whatsoever, very few close friends post COVID, so no emotional safety net. The one consistency ever in my life has been this employer and various colleagues and acquaintance s. I had only just started thinking of a retirement plan as in an age to stop, didn't intend to work until 67 but around 63 or 64. I'm not mentally ready to not work. I've had some great roles at my employers but the now the work is dull but pay, terms, conditions much better than I would get elsewhere. There is a risk of Compulsory Redundancy on a lesser package if not enough volunteers for Voluntary Redundancy. Please give objective views. I've run scenarios past a financial advisor and I'll be ok money wise but flip flopping on what to do. Part of me is terrified at the thought of leaving and having nothing, no job, no family, no partner, no kids grandchildren and days and days of nothingness to bursts of feeling energized at the thought of change. I do sometimes think I've got stuck in life, so a shake up and big change may help get me unstuck in other areas of life too. I'm not where I want to be personal life wise. Sorry it's so long, so much going round in my head and deadline dates looming. For my circumstances it would be so much more than just leaving a job.... But maybe it's time. Any thoughts much appreciated

OP posts:
MimiGC · 27/02/2025 23:16

Like you, I have just taken voluntary severance after 31 years in the same job. It was a difficult decision, but the right one.
One thing I would say is for you not to underestimate the emotional impact of actually leaving ie the packing up, the saying goodbyes, any leaving 'do' you might have, then finally walking out of the door for the last time. I found all that hugely upsetting and I do have a close family and friends I could get support from. As you have said you have no one around to support you, maybe think carefully about how you are going to actually leave and be kind to yourself. I wept buckets and that's ok.

Middlechild3 · 28/02/2025 04:00

MimiGC · 27/02/2025 23:16

Like you, I have just taken voluntary severance after 31 years in the same job. It was a difficult decision, but the right one.
One thing I would say is for you not to underestimate the emotional impact of actually leaving ie the packing up, the saying goodbyes, any leaving 'do' you might have, then finally walking out of the door for the last time. I found all that hugely upsetting and I do have a close family and friends I could get support from. As you have said you have no one around to support you, maybe think carefully about how you are going to actually leave and be kind to yourself. I wept buckets and that's ok.

I think I had that moment a couple of weeks or so ago. I work hybrid and was driving to work when an old song came on the radio that was charting when I first moved to this city to start the job all those years ago. I started to well up but managed to push it down, got to the office, set up, then could feel a tear trickling down my cheek which just kept coming. I managed to pack up, leave and almost got to my car before the floodgates opened. Had a massive cry driving home and working at home, people were great contacting me to check in I hadn't decided finally at that point but knew it was the end of an era, time to go and all that. I'm now just finalising leaving dates etc, no regrets with my decision and looking forward to the next chapter. The advice and support here has been invaluable. Thanks all ❤️

OP posts:
gerispringer · 28/02/2025 04:34

Retirement is great - I highly recommend it. So many choices. I took a number of courses and met some lovely people. I now have more of a routine but it took a couple of years to decide what I wanted to do. A bit like starting out in a new career!

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