What's Included in the Offer? While the specifics vary, the heart of an early retirement package is invariably a severance payment comprising weeks, months, or even years of wages. That sum may be sweetened by such additions as paid insurance and outplacement services to aid your transition to a new job.

How much do you get paid for early retirement?

Filing at 62, 60 months early, permanently reduces your monthly benefit by 30 percent. If you would have been entitled to $1,000 a month at full retirement age, you will get $700 if you start benefits when you turn 62.

What is a downside to offering early retirement packages?

Early retirement may affect your pension because traditionally, you need to wait until you reach your company's retirement age to receive full pension benefits. These benefits are usually based on your salary, age and the number of years you've worked at the company.