Wow my friend got "fired"
 

Check it out. Company fires her but tells her she can either take the severance package OR work at one of the company sponsored non-profits for 18 months until she's 55. While she works at the non profit she will draw her regular salary which is 100k+ and then she can retire with full pension.

That must be a very nice non profit to have 100K+ salaries...

Sign me up to get fired please.

Well the non profit isn't going to pay her salary, the company is going to pay her salary. She just doesn't get the bonus. All she needs is 18 months until she's eligible for retirement with the company. Then she gets her pension. Pretty good huh?

Wish my former company offered me that.

If they still going to pay her until she retires, why fire her?

Probably some sort of tax benefit to the company.

Or some other benefit to her supervisor.

I bet they can take her salary as a charitable contribution that way...

Maybe we should all start <YOUR NAME HERE> funds. make it a non-profit and have our employers just donate our salaries to the fund. That way I get paid by the JoeNFund and not my company. They can take a deduction and I still get paid :D

Look up IKEA's corporate structure, makes for an interesting read;)

That's the way to get fired. If I could get fired like that, I'd be a happy guy!

Also, if they fire people or lay them off there might be an increase in unenployment insurance rates.
Tom

Sounds like a win-win to me. Any effect on benefits?

Her bonus is probably a lot more than her base salary...

It's smart move for the company. I once worked for a large oil company that loaned me/my expertise to a non-profit for a few months. More companies should do that.