Retire Aged Personnel Early
As a result of the reduction of money budgeted for the Department
areas, we are forced to cut our number of personnel.
Under the new plan, older employees will be asked to accept early
retirement, thus permitting the retention of younger people who
represent our future plans.
Therefore, a programme to phase out older personnel by the end of
the current fiscal year, via retirement, will be placed in effect
immediately. The programme will be known as R.A.P.E. (Retire Aged
Personnel Early).
Employees who are R.A.P.E.D. will be given the opportunity to look
for other employment outside the company. Provided they are being
R.A.P.E.D., they can request a review of the employment records
before actual retirement takes place. This phase of the operation
will be called S.C.R.E.W. (Survey of Capabilities of retired Early
Workers).
All employees who have been R.A.P.E.D. or S.C.R.E.W.E.D. may file an
appeal with upper management. This will be called S.H.A.F.T. (Study
by Higher Authority Following Termination). Under the terms of the
new policies, employees may be R.A.P.E.D. once, S.C.R.E.W.E.D.
twice, but may be S.H.A.F.T.E.D. as many times as the company deems
appropriate.
If any employee follows the above procedure, he or she will be
entitled to get H.E.R.P.E.S. (Half Earnings for Retired Personnel's
Early Severance). As H.E.R.P.E.S. is considered a benefit plan. any
employee who has received H.E.R.P.E.S. will no longer be R.A.P.E.D.
or S.C.R.E.W.E.D. by the company.
 
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