@wilconcomputer Don't want to be rude, but if a company can hire a good programmer at $65k, then 140k is plain waste of money. And no, in this line 30+ yrs of work experience is not that usefull, it probably is more like a burden. Also, after leaving the company and your on yourself, you end up in computer repair, making barely enough to scrape your head???
Sounds like this company has been extremely generous to your for many years. Actually, I guess the government has been, because this sounds much like cancellation of one of those big bucks - (almost) never ending - waste of money government IT contracts.