Claimant worked for his employer for approximately 14 years until November 1985, when he elected to retire rather than be laid off. Although claimant was eligible for retirement when he reached age 65 in June 1984, he continued to work for 18 months. When claimant was notified that he was going to be laid off, he was permitted to choose between a layoff with severance pay or retirement with an extra five years of service time added, thereby...
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