#earlyretirement

It feels like every other week, someone else is announcing their early retirement. While I understand the desire to move on from Honeywell, the timing and number of people leaving has me puzzled. The typical workplace frustrations don't seem to fully explain this sudden exodus. I wonder if there's a common, unspoken reason that's prompting so many to make this decision right now.

Looking back over the last year and a half: supposedly setting ourselves up for growth and durability (whatever that means), pulling back on travel, pulling back on new roles, eventually not refilling roles, teams are stressed and overworked, removing dollars for team meetings and culture building (formally culture was important), more and more town halls and Blue pulses - although those meetings and surveys were less and less substantive - saying for the most part nothing. Simply giving the appearance of communication but empty of anything real. Perpetual lack of funding and what is funded is only to minimum viable value, always behind and not addressing technical debt, Anxiety is high, RIF for tenured expensive people short term gain (although with a lot of experience navigating giant enterprise - long term very costly) and now sounds like possibility of early retirement options. For a supposedly giant healthy business it seems far from it. Putting aside the constant exec pay and exec bonus commentary, as a business did the Cigna purchase over-leverage HCSC or are there Convenants in the debt service for that purchase that require certain ratios or performance metrics that should of never been accepted? Should we all be looking for a job now?

Anyone else seeing this in their SAP profile? "Unpaid Leave – Bridge to Retirement" for time? What exactly does that mean? I mean I got the over 55 and over 10 years of service, but is that just some admin limbo status placeholder? or does it actually mean something? Someone told me that at one time, even if a person was RAd, they got like 2K blue points, but I don't see anything about that anywhere. I also in vacation/PTO calendar its all approved until the end of the year.

For staff 60 and older, will Vz give the option to be laid off or take early (forced) retirement? I keep hearing about retirement program where if you are at least 60 and haven’t least 15 yrs service you might be eligible for retirement benefits…in addition to RIF package?

I am 62 and I'd take the money and run. The math works for me and I just need healthcare. I've been working since I was 19, I am so done.

Unlike many now jobless, I’m close enough to retirement that this isn’t as bad. I do feel for everyone else and hope the bad times won’t last long, and that more jobs will soon be out there. We all knew IBM was doomed to fail sooner or later, and that they’d be coming for us in large numbers. I wish there had been more strategic thinking and stronger leadership, but it is what it is. To those who remain - stay alert and work on your future outside IBM.

Please…I know a lot of coworkers who would take it easily!

Hormel Foods Corp. is undertaking a corporate restructuring that should result in the reduction of approximately 250 corporate and sales positions, hopefully through a voluntary early retirement program.

https://www.foodprocessing.com/business-of-food-beverage/news/55327956/hormel-foods-announces-corporate-restructuring-250-office-layoffs

So folks can retire earlier without taking such a reduction. Please make it years of service plus age = a magic number for full retirement pay. This would be the best way to get those higher salaries off the books.

Some of us who are close to retirement would gladly take it, and I’m sure there are others who’d be interested as well. I’ve been here long enough to see that things aren’t exactly heading in a great direction.

So, it's time to force people to use up vacation again, and for older workers to get asked to retire early again. At least for Rosemount in the Twin Cities, I don't know how many people of VERP age are even left after last year.

Projects are hot-hot-hot, but they'll have to be done with 20% fewer hours and no experienced people. All because they will never sacrifice a penny of stockholder profits to actually support their people

How are they hiring in HUMCS Now when they just let people who accepted the ERP go? Also, we have some teammates who accepted ERP that won't be "ABLE to GO" until end of March, 2026! They're all super upset, understandably!

Is anyone else feeling vibes from their old and newly hired “younger” coworkers suggesting that they should be retiring soon? Yes I was offered VERP but I’m nowhere near retirement age. Now that I am clearly the oldest person in my group, the atmosphere feels off and it's making me uncomfortable. I’m starting to wonder if I made a mistake not taking it

I know of 15 people actively looking for other jobs outside Humana , they want out. Unhappy people with current state of affairs.
Offer the severance package again so we can leave.

Siena is apparently facing financial problems. They are offering early retirement to employees and the physical plant workers are being replaced by a firm to do that job. They just built a new building that was supposed to be paid by a huge gift. Did that gift ever come in? Would hate to see it got the way of Saint Roae.

With all the lay offs and facilities closing, when will they off the next VERP, early retirement package? If 2nd quarter 2026, that would be 3 years since the last package. 4 years would be 2027, hope not that long.

Office Rent field staff work from home save $10m per annum Close 30 region office spaces
Investment Advice 401k/403b accounts. charge 50 bps. Raise $15m per annum
Surrender\mva Implement raise $10m per yr
CIT switch to CIT in K plans. Save $10m annually
IT/call center farm out 75% to India, Phllipines, and Romania savings of $15m
early retirement buyouts save $10m
eliminate special 3 yr vesting shares for execs cost savings $10M
can field exec vp $1m saved
senior vp & above comp cut to save $5m per An-us
Eliminate anthem&cvs racketeering save $10m per an-us
cap management sell/farm out use seeking alpha, chaiken alalytics, and AI Quant exclusively to save $10 m per pen-is
1 ply toilet paper* use 1 ply toilet paper to save $12,500 per yr

do all of this sch-it and the comp-any will turn key profit yr after yr. what are u eating for.

If I was new to the workforce, I’d be thrilled to land a job at Humana. And justifiably so.

But I finally had enough of “member-centric,” “right care, right time, right place” and Perfect Service > Perfect Experience > Green Glove drivel. Fully supported it for years but, after hearing the same rah-rah for years, you realize none of it ever really mattered.

I’ve always believed if you don’t like something, get out. Taking ERP was a no-brainer for me. I hope those who chose to stay enjoy as many Humana memories and friends as I did through the years.

let's say you are 58 - would you accept an early retirement?

i am curous about how people are thinking about the topic (more than helping me make a call).

you can assume anything you'd like (e.g., having or not having enough saved, age of kids, etc.)_

Anyone qualify for ERP but did not get the opportunity because your role is too “critical”? Want to talk as backfills are taking place for those that were offered ERP and accepted because THEIR roles are deemed critical.

If XOM is looking to reduce HC10 headcount, why doesn't it create provide an option to let HC10 staff over a certain age (say 50 or even 48) take early retirement.

Reading all the commentary on this forum, a lot of folks may take the option? Has anyone run economics scenarios for this? At the minimum, will improve morale ...

drivers who are eligible should retire now if they can and take the package...

it looks like they are offering full pension benefits and current health benefits, though each person will need to pay about 200. the only question is whether ups will cover accrued vacation time if drivers accept the buyout. older drivers will see route changes as package volume declines. younger drivers with less seniority will face layoffs or be forced to work two hub shifts.

low-seniority hub employees will likely be laid off. i feel bad for operations supervisors, especially the older ones, because they will be overworked and mistreated. ups seems to be pushing them toward retirement or waiting them out until they pass.

ERP was used exactly as suspected and posted here before. Leaders who "they" want gone were forced to take ERP. ERP is acceptable for the minions to digest whereas terminating leaders can cause chaos. Post leaders you are aware of who took ERP!

The VRP rumors continue to fly. August has come and went with no news. If it is going to be offered the timing will be different, probably offer on Christmas Day or the day before as a early Christmas present

Company is offering ESRO then relocations in D9. Should all be in the books by the end of September.