I've never been involved in such a situation, but I assume part of individual's calculation is: If I indicate interest, but the company doesn't accept it or go through with it and keeps me... am I now viewed as a disloyal, detached worker?
I was actually thrilled with my cola that year along with the required vacation time.
Honestly it was a very weird time. Less than a year prior I had worked in a real estate office, and there was a lot of scary stuff already starting to happen.
Reasons to accept. Reasons to decline, but that isn't one of them.