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Microsoft last month announced it would offer buyouts to employees at level 67 and below in the US who have 70 or more years of age and service.
Microsoft's Voluntary Retirement Program offers up to five years of post-employment healthcare coverage for retirees.
KEY POINTS
- Eligible employees receive a lump sum cash payment of up to 39 weeks of base pay.
- Unvested stock awards continue vesting for 6 or 12 months post-termination, based on service length.
- Microsoft has stated there are no plans to offer another voluntary retirement program in the future.
- Eligibility requires US-based level 67 or below employees meeting a combined age and service threshold of 70.
COMPANIES
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