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
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
3 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
7 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
7 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
9 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
10 hours ago