Stellantis Buyout
2 Dec 2023
Stellantis recently announced a buyout to half of its salaried staff in effort to cut costs. Employees have until December 8th to accept the buyout offers with a separation date of December 31st. Your team at Arcadia Capital is here to walk you through any questions you may have about the buyout and life after Stellantis.
What is the package?
The buyout offers a lump sum payment based on your years of service with the below breakdown
5-9 years of experience getting 3 months of base pay
10-14 years of experience getting 6 months of base pay
15-19 years of experience getting 9 months of base pay
20 or more years of experience getting a year of base pay
Allow us to help you answer your questions, including:
Should I take the buyout?
What is the tax effect?
Does this fit my financial plan?
What do I do with my pension? Take the cash value?
What does this mean for my retirement?
These are questions that need to be answered before rushing into a decision and your team at Arcadia Capital is here to help.
If you or someone you know has questions concerning the Stellantis buyout or buyouts in general, please feel free to give us a call at 734-429-3971 or 616-251-1025.
Address: 123 N. Ann Arbor St. Saline, MI 48176 Phone: 734.429.3971
Address: 5813 Red Arrow Hwy. Stevensville, MI 49127 Phone: 269.556.0768
Address: 510 W. 17th St. Holland, MI 49423 Phone: 616.251.1025
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