"...In all, the measure would remove $34 billion worth of current and future pension and health care obligations that the agency can redirect to other priorities, such as employee buyout and early retirement packages...."
Reference: www.federaltimes.com
Microsoft’s plan for reducing its workforce: Retirement buyout vs. layoff
-
*Article Excerpt:* "...Employees at and below the senior director level
whose age and tenure at Microsoft add up to at least 70 are eligible for
what is...