Originally Posted by
Captain Kong
Hi Bill,
Esso with the fleet slowly disappearing to Taiwan, wanted everyone to retire at 50, with a Gold Handshake and non contributary pension, I refused and carried on for another three years, then a Friend of mine in the Office, told me to take it, the big money was going to be stopped.
I went into the Office and had a chat to the Man. the figures he showed me were astounding. I snatched his hand off.
I never knew how much they were paying.
It was paid in three lump sums over three Tax years to avoid the tax that would have decimated it if paid in a lump sum. A cheque in March , another in April and the third in the following April. It was like a lottery win.
Now my younger brother had to stay on for another nine years, he got Peanuts in comparison. But enough to get himself a Brewery.
They had excellent Financial Advisers and they really did advise us well and the money made more money.
The best move I ever made in my whole life was to join ESSO.
While working for them they paid all my college and examination Fees whilst on pay for going there.
We had First Class travel and the best Hotels world wide.
They do not have a Fleet now. They just use Chartered tonnage for the transportaion of crude and products.
Cheers
Brian.