Wegmans Offering Older Employees Retirement Buyout Option
Tuesday, October 8, 2013
Grocery store Wegmans is offering its older long term employees a retirement incentive buyout package.
The Wegmans buyout is for employees who are at least 58 years old and have accumulated at least 15 years of continuous service.
The company will give employees two weeks’ pay for each year on the job.
Wegmans spokeswoman Jo Natale says the onetime benefit is aimed at a small pool of employees to enable them to retire if they choose to do so.
The company estimates that fewer than 100 employees statewide will participate in the program.
Health insurance for the eligible workers would continue for six months, with Wegmans paying 85 percent of the cost.
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