Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUNA advises IWall Street JournalI readers on buyouts
NEW YORK (2/19/08)--Bill Hampel, chief economist with the Credit Union National Association, gave advice Sunday to The Wall Street Journal readers in an article about whether employees should accept buyout packages offered by employers. Sizing up a buyout offer “is more complicated than buying a house, and most people don’t get practice at it,” Hampel told the paper. “This is something where a professional financial consultant can help you do the arithmetic. “If it would be fairly easy to relatively quickly get a fairly similar job with a fairly similar salary, that makes it almost a no-brainer” to accept the buyout, Hampel added. Otherwise, employees need to run the numbers, he told the paper. Other considerations brought up in the article by Andrea Coombes include:
* Whether employees can still receive employer-funded health care; * Whether employees will be laid off later with no benefits if they reject the buyout offer now; * Whether the company goes bankrupt soon after the offer; and * Whether employees let fear guide their decisions--they shouldn’t because sometimes a buyout is an opportunity to start a new career or business.
Other Resources

RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
4 hours ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
6 hours ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
6 hours ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
6 hours ago