Your company may offer severance pay as a way to get you to waive your right to file certain lawsuits against your former employer. Aim to negotiate the fairest possible severance package, including asking your employer to continue subsidizing your health coverage. Otherwise, you may be forced to get private health insurance to cover an employment gap.You have a few options if you're terminated before your official retirement date.Read More: Approaching retirement with no savings? Don’t panic, you're not al ...