To answer some questions:
What sources of income do you have? Without a paycheck, we have Social Security for me, rental income = $1575
What are your expenses? About $3,500, although we can reduce that
How much savings do you have? Non retirement of about $95K
Will your husband be getting any kind of severance or early retirement incentives? 14 months base pay added to the pension, not given as a lump sum. If we start accessing retirement accounts, I think we'll run out of $, but we have an appointment with the financial advisor.
I contacted the unemployment office to see if unemployment is on the table--maybe, maybe not.
He will be looking for another job, but finding one at the payscale is going to be impossible, but that's okay--we just want to keep on contributing to retirement accounts and being able to pay expenses. Regarding social security, we'd prefer that he not start collecting at 62.
Ok, it does not sound like you are in terrible shape. This just changes your plans. I suggest you get on the early retirement forums at early-retirement.org. I read a very similar story just the other day. There might be some people there that are more familiar with the details of what is going on because I suspect it is the same company.