#retirement

Does VZ allow retirement-eligible employees to decline a rebadge so they can be treated as if it were an involuntary separation and retire effectively, preserving all the retirement benefits?

Hopefully someone here has first hand knowledge.

Why do some announce they are retiring but you can tell it seems forced? Does upper leadership tell these people they are being laid off and then lie to everyone about the real reason? I have seen this in at least 4 people in the last year. At first I thought confidence but it doesn’t make sense, especially with departure date. Anyone have insight? How is it legal to let someone say they are retiring when they are really being laid off?

Everyone will be notified of their PIP/PIL options by Friday, August 14. Age protected individuals >40 y/o have 21 (business?) days to make their decision, essentially September 15th if you include the labor day Holiday. They want everyone off the payroll by December 15th due to the year end Holiday closing of the financials. For anyone that is > 40 y/o and given the choice of PIP or PIL, what should they do? Without hesitation, anyone that is not NRE should seriously take the message that they will not ever get to their career goals or retirement. You will never be sponsored or in the clique/club. Anyone that is RE should take the package immediately to take one for the team per se. Anyone not yet RE should realize they have no chance next cycle so maybe take the PIP or not, depending on their own situation, but what does that mean if you have 1-3 years left to be fully retirement eligible? It all depends on your supervisor. Yes, your supervisor controls your destiny. Obviously, if you are NSI, you don't have a good relationship with your supervisor, so chances are, you will not pass your PIP. There is a cap this year on how many people pass their PIP. So, if you are 1 year away from retirement, and they have not met their PIP pass %, you might have a chance to make it since it takes 2 NSI's, but they still need to make their cap on PIP success%. If you are more than 1 year away from retirement, you will have to get under your supervisor's desk to survive and they still have to meet their PIP success %. Personally, I think I would just move on. Life in that stage is not worth your dignity. Don't hate, just put it in your back pocket and watch how all the worker bees start dying off while the company just manages contractors. You will still reap the benefits of the stock.

I'm staring at a 401k that took a hit, no retirement in sight, and a skillset that feels outdated. The company I gave 18 years to is shedding people my age like dead weight. I'm terrified. I can't afford to start over at entry-level, but I can't compete with graduates who'll work for half my salary.

I retired from T and I got a better deal on a cell phone from mint mobile. I went looking ...................... before they cut me off my copper land line .

This is a time where rumors say more than facts. HPE pushing people out the door?

I have spent 30 years at Intel and have accumulated about $7M with no liabilities. I am early 50's. I guess my issue is I don't feel $7M is enough to retire. However, the RTO has removed my joy and I keep feeling like "why do I put up with this". I feel like I am doing a great job, but otherwise no longer have ambition for more promotions.

For awhile I was looking for other jobs, but now that the stock is up, I have another $1M if I just stay 2 more years. Do most of you feel the same way?

For those under 55 and leaving the company/severed, what do you do with your retirement money? Do you take the current commited value and convert to LIRA OR do you leave it there and take it as annuity in the future? Trying to understand your thought process and pros/cons.

I don’t feel like giving any notice as this is definitely my last job. I pretty much already know the answer but I am curious about the responses: can’t I just quit with no notice? If I was in my twenties, accounting degree, “working on my master’s”, and knew I had decades to work with no social security and so forth, yes- give notice. But why me? ;)

This is a very volatile industry, whether you survived the layoff(s) or not, we constantly need to reinvent ourselves to remain competitive, unless you're lucky enough to retire. I've been in the industry now for going on 30 years and have seen CEO's come and go. Seidenberg, Lee, McAdam, Vestberg and now Shulman, all got their cut and moved on. Take what you can from the experience and reinvent yourself, here or somewhere new. Life is too short to let these companies dictate your life to you. Peace to all

For those affected by this site closure happening end of summer- whats your plan?
Going to city?
Looking for work elsewhere?
Already found something else and much happier where you are?
Retirees good for you congratulations 🎊 but this is directed toward those who cant retire yet. Thanks

Is this a coincidence or was this part of the mass layoffs?

For retirees or those who are past the age of 55, what was your net pay raises in last 10 years, what do you estimate as the net value of the retiree health insurance?

As reported in the NYT this morning. Gail took full credit of course, but I could just envision her thinking “these RIF’s are working great! Gotta kick it into high gear”. Glad I retired a few months back and out of that stress.

Sadly it will probably be the regular one.In which case there maybe a few that are planning on leaving soon so they will benefit.But the rest who are not close to Medicare eligible will stay the next 4 to get closer to that age.Me being one !!!The current medical retirement disaster was one of the biggest mistakes of the last few negotiations on the part of the union .Probably right after the worst one deciding to give up new members pensions.I remember adamantly saying no way to both issues .While most of my brainwashed fellow members kept repeating what the union told them that we will get it all back later when things are better with economy and people are more on our side .Ya right.I will say union wise it has provided some job security and little better treatment then being non.We have also watched the mismanagement within the ranks become a neutered company run union .Wishing luck to all my long term buddies that you get that big Eisp your waiting for but sadly it may be more disappointing

Curious if anyone has received their 401k settlement deposit. If so, are you still an active employee, or are you a past employee with a still-active Empower 401k.

Hello from the otherside. Just wanted to reach out to y'all and see what kind of rumors and info we can swap.

Big thing for us this last week was our 3% automatic retirement contribution was canceled, and now all vacation time has to be used up by 12/31 every year or you lose it. No vacation time rollovers.

The rumor behind the vacation change, is that there will be big layoffs in Q1 2027, and this way they don't have to pay out the accumulated time.

Severance here (from a round in 2025) was 2 weeks per year of service, unclear on upper end caps and 1 month of benefits.

What are you hearing on your end?

What was included in the retirement package?

"The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman."

Comrades, I urge you to take the retirement buyout for all International employees. The UK Workplace Pension, French Plan épargne Retraite and the US 401 are fully funded but the International is not. This will be offered once before we freeze and cancel the International Plan. You have been forewarned. Offer expires in August.

RTO is working!! Way to go, John. You’re an absolute genius!! TDPs and real talent leaving at the most alarming clip in history, and all that’s left are the soon to be retirees. My, what great policy you have! Who wouldn’t want to work at a concentration camp like this?

Just retire already, you su-k, worthless POS.

When Chris Leahy became CEO it was all downhill after that. Krasny was the best leader ever at CDW.

Current management does not care about employees. Layoffs happen at a time company finance is healthier than ever. No warning, no cause, just because... Those unfortunate's today could be your tomorrow. Your above and beyond means nothing. Retire in place, do bare minimum, go to a different company if they offer better opportunity... then you won't regret sacrificing your own time for management's bonus stocks.

We at Fiserv are so grateful that the the empty suit, cowatd Mike Lyons has moved on. He destroyed the retirement accounts of so many people, was the master of vapid nonsense- coordinate, collaborate, execute- blah blah blah. No work ethic, lazy and entitled- good luck Truist

I expect to get PIP’d in a couple of weeks. Are there any disadvantages of taking PIL and retiring vs simply retiring?

Does taking PIL affect retirement status or any retirement benefits?

Is anyone just waiting to be laid off when you reach 62 ish? At my age, and being so close to retirement, that fat severance after a long career doesn't seem too bad. Just feel as if I am playing the game.

Yellow Corp. suffered a major loss in its bankruptcy proceedings. The U.S. Supreme Court preserved a finding. This finding requires the company to pay billions in retirement payments. The defunct trucking company also dodged WARN Act liability. This liability was related to its 2023 layoffs.

https://medcitynews.com/2026/06/healthcare-moves-layoffs-retirement/

This is NEVER a good sign for a company that is doing as poorly as T. Look at the history of what happens after a CFO leaves a burning building. Getting bounced right now so you can quickly liquidate you pension would be a blessing.

In the hushed stillness of the modern workplace, we observe a remarkable moment in the life of one seasoned professional. After years of navigating complex terrain, adapting to shifting environments, and contributing with steadfast dedication, he now approaches a new and intriguing crossroads.

Here, we witness a Dell gray beard — poised, thoughtful — signaling his readiness to embark on a different kind of journey. With calm resolve, he indicates his willingness to accept the early retirement package offered by his employer. It is not a retreat, but an evolution. A transition from the industrious rhythms of daily labor to the wide‑open landscapes of possibility.

And so, as this chapter draws gracefully to a close, a new one begins — filled with promise, curiosity, and the quiet thrill of the unknown.

So nice to get the VTP news on June 15th. There are 26 of us union workers here in Minnesota happily accepting up to 104 weeks voluntary termination pay. This is a totally awesome incentive to retire.

So very nice to have gotten the VTP news on June 15th. There's 26 of us union workers here in Minnesota getting the voluntary termination pay up to 104 weeks. This is such a sweet incentive to retire.

Anyone knows what Cordani's retirement package is worth?

Hey Cordani, don't let the door hit you it in the "back". Thanks for leaving in the hands of Brian Evanko. God help us!

What are the age + service requirements for the retiree medical subsidy? I know I can call the retirement hotline but I reeaaally don't want to. Dash told me it doesn't know lol.

I'm approaching 50 and would like to work another 15 years before retiring.

Given the current environment, I'm concerned that if I were laid off in my 50s, finding a comparable role could take much longer than it would today.

Would you recommend starting a job search now while I'm still employed, or staying put and only looking if a layoff actually happens?

It was a difficult decision to retire but I new it was the decision I needed to make for my health. BNY was attributing to my stress and unhappiness. Longer hours, more responsibility and less pay had become the norm and i no longer "enjoyed" my job as a didbin the past. It has been 6 months since I retired and I am a new person. I am relaxed, easy to be around and learned how to laugh and smile again. I cannot explain it, it is just freeing. People told me I am a changed person in a good way, too.
If you can retire and afraid to pull the trigger, don't be. You will not regret saving yourself. The firm will not blink an eye when you are gone. Some inexperienced person will take over and life goes on.

I agree with some of your comments; however, people over 60 do not qualify for Social Security until 65 unless they take reductions, and they also do not qualify for Medicare benefits until 65. Therefore, I think it’s unfair to expect older workers to give up an income for someone else. Everyone is in the same boat, dealing with different life circumstances, and we all have to make very difficult decisions. Having to sacrifice for "younger" employees should not be another factor in that decision.

I have been working all my life, and I don't really have any retirement funds. I receive $1,350 per month from Social Security and $2,000 per month from Centene. Meanwhile, I pay $3,500 monthly for my mortgage, plus car insurance, electricity, water, food, etc. Each month I short, so I must withdraw money from my retirement account to make my monthly payments. Every time I do, I get hit with a stiff penalty of $400 to $600 just to access my own funds.

They are asking us (the foot soldiers) to retire, but the fat cats are not required to do so. Sarah London gets $20 million per year plus bonuses, commissions, and other perks. I work from home, and back when Neidorff was the CEO, we got paid for our internet, received bonuses, and earned salaries for hitting our monthly goals.

I am not going to retire voluntarily—they must fire me! I am a good, responsible worker with an excellent education and extensive experience. I bring much more than just labor to the company: I bring ethics, the satisfaction of a job well done, and a genuine appreciation for our members. Get out the fat cats who are destroying Centene!

OI, ORX, OH, OT will be impacted big time. I plan to retire before the holiday season so I have nothing to lose so I am letting people know so y'all can be prepared. Start applying now. It's tough out there.

Why does no one in our benefits know anything about our benefits since they closed the Operation Centers? Any time I call with a question they don't know. I want to retire at 55 and they can't tell me if I do if I can start withdrawals from 401 with no penalty. One person told me yes i can. Another said no, and that person should not have told me that and its up to the IRS. Wtf? Never seen such incompetence. They're only job is to know our benefits inside and out. What a joke.

Rumor has it that Refining and Commercial ELT members are on their way out.

Lots of meetings taking place in commercial following the Q1 hole we dug for ourselves. Looks like Mandell will be the one to pay for it, with a “retirement.”