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Gordon,
I talked to some of my friends who used to work for the local telephone company. It seems they had two options on the buy out or severance pay issue. Either take it in one lump sum and be done with it or draw it out over a period of time. From what they tell me I believe the ones that took the lump sum payment came out ahead. Anything the company deducts from the severance checks due to the person drawing unemployment is lost forever. Or so they tell me.
Ron
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