Retention Bonuses

[Wheezy_G]

With all of the announced plant closings I was wondering if anyone had been offered any type of retention bonuses. If you have been offered a bonus and are willing to post any information it would be appreciated. If you do not want the information to be public feel free to send a private message. There are rumors at my current plant that bonuses may be coming and we are trying to get a feel if they are on par with the rest of the industry or not.
Thanks, Wheezy

[Rennhack]

The different Entergy Plants are doing different retention bonus's. (All rumors)  IP & Pilgrim are supposedly giving around 150% of their annual salary as a retention bonus for salaried people.

At Palisades, the retention bonus for tier 1 people (Managers and SRO's) is 100% of their annual salary, and Tier 2 salaried people (individual contributors) is 75% of their annual salary.  For Palisades, 25% of your bonus is paid after the outage, and 75% after shutdown.

I haven't heard what the union has negotiated yet.  Rumor for Security is 20k.

[GLW]

The different Entergy Plants are doing different retention bonus's. (All rumors)  IP & Pilgrim are supposedly giving around 150% of their annual salary as a retention bonus for salaried people.

At Palisades, the retention bonus for tier 1 people (Managers and SRO's) is 100% of their annual salary, and Tier 2 salaried people (individual contributors) is 75% of their annual salary.  For Palisades, 25% of your bonus is paid after the outage, and 75% after shutdown.

I haven't heard what the union has negotiated yet.  Rumor for Security is 20k.

if those bonuses include guarantees of placement elsewhere in Entergy after all is said and done that seems to be pretty good,..

if not, then considering it is a shrinking pool of potential places to work versus an expanding pool of places to work,...

one might want to get work elsewhere and forego any bonus if one wants to stay in commercial power generation,...

i'm just saying,...

[Buck71]

Wheezy-
Interesting question. I hope we will get bonuses soon too.  If this place ever closes I'll have to sell all my collectibles.

[UncaBuffalo]

Diablo Canyon - 25% bonus if you stay for four years.

[UncaBuffalo]

Diablo Canyon - 25% bonus if you stay for four years.

After re-reading the other posts in this thread, I realized the other posters had given a "total", not an "annual", so...

25% x 4 years = 100%

[anthonyalsup]

After re-reading the other posts in this thread, I realized the other posters had given a "total", not an "annual", so...

25% x 4 years = 100%

Is that for SRO's?