lilac's journal

Where are you and where are you going?
lilacorchid
Posts: 476
Joined: Sun Oct 16, 2011 3:20 pm
Location: Canada

Re: lilac's journal

Post by lilacorchid »

It's happened: they are offering 30 weeks of pay to quit your job sometime in the next eight months. I'm not sure if I want to though.

I have enough savings that the income from the savings will cover my half of the house payments and tax forever. Taxes, bills, all the fun stuff in life, that's extra. But my husband now earns as much as I do right now, so it's not like we will starve. The kid may not get all those out of season berries in January though! :lol:

If I quit, I will have do find something else to do (scary AF), but I won't have to come in everyday and sit at my cube. (It's been depressing mess here with talk of strikes and worry about job security.) My company pension will also take a huge hit as well and I won't be able to start receiving it until I'm 60.

If it was a strictly numbers game, I would hang out at this job for the next ten years, fill up my pension, take my vacations, etc, then hit the escape button at 46, being able to take my full (larger) pension at 55. But I dread coming into work when I wake up in the morning, the politics are terrible (and are only going to get worse if not enough people take the package and they have to start laying off), and I am pretty much burned out with my current career. It is usually possible to find another job internally, but there is a hiring freeze... no idea when people will start to move around.

And then for the gossip mill of things that may or may not come to be: our office will be moved so I will no longer be within walking distance (a VERY big perk for my job and a reason I stay in it) or we may be laid off anyway (IT always seems to take a hit).

The entire time I have worked in this government job, we have had a socialist leaning gov't in power, so lot of spending and raises. Now we have a conservative gov't so lots of cuts and money saving. I realize this is cyclical, and it's just that time, but I am not sure how to deal with this or what I should do. I'm not even sure what other questions I could be asking myself to help me figure it out.

I have five weeks left to make my decision. Any help appreciated!!!

lilacorchid
Posts: 476
Joined: Sun Oct 16, 2011 3:20 pm
Location: Canada

Re: lilac's journal

Post by lilacorchid »

This is a shit or get off the pot dilemma. I just don't know which I need to do. :lol:

George the original one
Posts: 5406
Joined: Wed Jul 28, 2010 3:28 am
Location: Wettest corner of Orygun

Re: lilac's journal

Post by George the original one »

So quit by Dec 31 and get 6-7 months more pay... not a bad deal for a government exit. If you've banked sick leave & vacation, you can use it up between now and December, then collect the offer!

lilacorchid
Posts: 476
Joined: Sun Oct 16, 2011 3:20 pm
Location: Canada

Re: lilac's journal

Post by lilacorchid »

Sooooooooo... I guess I'm going to do it. I'm quite worried about telling everyone as I don't have another job to go to and I have been here for nearly 16 years (a lifetime!) but I was reading through this journal and I have been miserable here a long time.

My husband is okay with this and we have agreed to split bills 25/75, with chores going 75/25. I do not intend to work for a while. According to firecalc, I would be 58% successful getting to my pension start date if I never worked again and we kept these numbers. I suppose that is pretty good.

I still have a week to back out and I haven't told my management yet, but I really do think I'm going to do this. HOLY CRAP

Eureka
Posts: 340
Joined: Fri Jun 10, 2016 11:03 am

Re: lilac's journal

Post by Eureka »

Congratulations! It sounds wonderful. And as someone wrote somewhere in another thread, worst case scenario is that you might have to get another job some day. So I would say, go for it, enjoy fully and then take life from there.

IlliniDave
Posts: 3872
Joined: Wed Apr 02, 2014 7:46 pm

Re: lilac's journal

Post by IlliniDave »

If you truly are miserable and are confident the 50/50-ish odds won't cause you undue stress, it sounds like a good plan. Congrats! As far as what to tell other people, you could just stick with the standard, "I'm leaving to pursue other interests." I haven't thought too much about what to say when my day comes--but I'm already on the cusp of "early retirement age" so although some eyebrows might get raised by my age-wise peers who are just now starting to get anxious about financing their own retirements, I can simply stick with the truth. In my case, very few people will truly care either that I am gone, or about what I will be doing.

In my calculations I do some contingency planning to see what impact having a low wage part-time job would do to my situation. It's not a huge effect, but not negligible either. Have you plugged that into firecalc? I envision that if times get tough I could find some sort of part time work that is somewhat enjoyable to tide me over rough times.

lilacorchid
Posts: 476
Joined: Sun Oct 16, 2011 3:20 pm
Location: Canada

Re: lilac's journal

Post by lilacorchid »

Another false start. My husband freaked out about money about 45 minutes before my meeting. Adding to that, I was only about 80% sure... I called it off. The plan is to reassess in Dec and if I can make it another 8 months, reassess in August 2018. This morning I can't shake the feeling that I made the wrong decision, but I have decided to make my best effort at looking forward instead of dwelling on what could have been. (This is my normal MO)

I am very motivated to stop spending now. Must get another 50k in my possession so I can GTFO.

lilacorchid
Posts: 476
Joined: Sun Oct 16, 2011 3:20 pm
Location: Canada

Re: lilac's journal

Post by lilacorchid »

Also :cry:

Eureka
Posts: 340
Joined: Fri Jun 10, 2016 11:03 am

Re: lilac's journal

Post by Eureka »

Hmm :?

Hope you are alright and don't start blaming your husband everytime things are a drag at work.

User avatar
Viktor K
Posts: 364
Joined: Sat Jul 30, 2016 9:45 pm

Re: lilac's journal

Post by Viktor K »

At least you're still miles ahead of most

lilacorchid
Posts: 476
Joined: Sun Oct 16, 2011 3:20 pm
Location: Canada

Re: lilac's journal

Post by lilacorchid »

@Eureka - No, it's not his fault. This was a joint decision. I never wanted to "retire" and make him more stressed. He has agreed to help me along until the end, which means I will be taking more downtime and less will get done at home. There is still an end date, it's just farther along.

@Viktor - True, doesn't make me feel much better while slogging away tho! Not after nearly having the prize.

Post Reply