I have accepted a VR and my last day is 30/11/12, I cant wait. I am a public servant and been there for 10 years but am so over it I jumkped at it. They arent offering that great a deal I am getting 2 weeks per year plus four weeks, ie 26 weeks....when you do the tax it works out to be more, so I am getting about 11 months salary..plus a good kick into the super.
I havent got a job, and have only started to look (not seriously) but in reality have a number of months up my sleeve. I was going to leave anyway and it depends upon your options, local employment and how your industry is going.
For me I am financially OK, got the Govt to pay for my MBA, Melb is not that bad employment wise and I work in health, which is a growing industry. I am taking the change, although my wife is a bit concerned.