I have just been asked by my company to stay on past my termination date due to my knowledge of the application system and the business. This is very good news because it means I won't have to go looking for another job, which is something I really don't want to have to do at my age. Unfortunately, one of my co-workers had to switch with me so he'll be out on the street in December.
Unlike my contractor friends, who like living on the edge, I have always enjoyed the security of a full-time position. And now I'll be able to continue saving for retirement and putting into Social Security (it ain't broke yet), as well as having the benefits.
I don't know how long "the duration" is because this company is winding down; we have to make good on our obligations (claims payouts) while not taking in any premium income, since we have ceased our marketing operations. At some point in time it will be more feasible to sell our liabilities and/or outsource our claims handling and IT work.
But right now it looks like I will be able to retire at retirement age. And then ... and then ...
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