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Originally Posted by Mulletbird
Back in late 2007, he started suffering from a herniated disc, which hurt pretty bad from what I heard from him (he went on medical leave regularly) and with just months left until he planned to retire, he was fired from the job.
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He was in his late 70's and didn't save any money? See point number 2. Each individual is responsible for his own life.
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So, I guess the guy, who is now well into his late-70's, should be diversified and have several backup plans? Or he should pack up everything and move out somewhere else?
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No, he should have saved money from his 50+ years of employment for his retirement/rainy day. I would imagine with such wonderful things such as compounded interest rate you could save quite a lot... Don't make me break out the finance calculator.
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He now works at Walmart as a greeter, making $9/hr with no benefits, rather than being a senior tech, making $45/hr, with full benefits, and probably will never be able to retire all right and proper - he still has his social security and his savings from paychecks towards his eventual retirement, but that was meant to be in addition to his retirement checks from work, not instead of.
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And I'm sure he will be the first one to tell you that life is not fair.
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Basically, the higher-up execs were looking for money to save, which meant firing a few workers, and co-ops and older people with health issues came up top of the list. If they didn't need to try and cut costs because business was good, they might have kept Jim and me both, but instead we were both let go.
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If you have actual proof of that you can easily sue for discrimination, but I'm thinking you do not.