Should I keep my severance or return it?

Question

My job was terminated and taken back east. I received a severance package. The same company has called me for interview, a different position and I was awarded the job. Now, my company may be bought out. If I return the severance, I am reinstated with 18 yrs service, if I do not, I start all over again as a new employee. The severance is a hefty one and my concern is what if my company is bought out and what if I get terminated again, what type of package if any will the new company provide? My thought is to keep package and start as new employee.

Answer 1

Your thought is probably correct. Certain benefits such as the 401(k) must be bridged anyway (depending on how long you've been gone.) Unless the contract that they would give you also contains a guarantee of employment for a period of time, it really isn't worth much - you could be laid off in a week and not have the financial cushion of the severance you received.

Answer 2

Wow, is this a Great company to work for? Maybe you can use that money to invest in an IRA or a house. And YES! What if you get termited later? I think you should go with your thoughts. Good luck!!!!