As a recipient of both FRIs I can honestly say that I think that FRI1 was poorly targetted - with just 3 years to go I was staying anyway!
However, the FRI2 was better targetted. I was looking around at Airline jobs that had low starting salaries of £35k and non-final-salary linked pensions (adding my 2 and 1/2 16yr pension to that was significantly less than what I am earning now - even if I didn't max commute; which I'd be mad not to!). Secondly, the fact that I was to be paid £30k (tax paid) to stay for another 5 years (may as well make it 6yrs as I'm staying to 44yrs) offset the fact that I would not be getting a large lump sum gratuity at 38yrs. It also kept Mrs LJ happy.
So did FRI2 retain me? You bet'ya...
LJ
