#retirement

This past weekend, I noticed more-than-usual number of retirements posted on LinkedIn and FB. I am aware of a Canadian program driving a June decision for some employees, but that does not explain all of the postings in Houston. Are there other programs in North America with a June 1st trigger?

I wish her the best and appreciate what she did for all us employees during Covid and the tough times we went through. She could have laid off many of us, and most kept their jobs, or took a generous VSP. I say this as an employee and not an investor, and I will always think she is one of the best, if not the best CEO for employees. Thank you again Vicki and enjoy your retirement. From a personal standpoint you made my retirement much easier with the VSP, and I know it could of been different.

SF needs to change the retirement to the rule of 80 or 90 - age plus years of service = full retirement and get those older employees off the books. We have a ton of employees that wfh that lack 5 to 10 years and they will hang on for the retirement. If they changed this they probably wouldn't need the exit package.

Effective 1/1/2026, the management Concession Telephone Service will be frozen and only retirees currently participating will be allowed to receive concessions. In addition, HealthSmart Benefit Solutions will no longer administer the Concession Telephone Service (CTS) benefit for Verizon.
Your telephone concession payment will be administered through the Verizon Benefits Center (VBC) and any eligible reimbursement will be issued by The Principal Financial Group (Principal). To verify your eligibility, contact the VBC at 1-855-489-2367.

I heard that a guy offered the PIL had a lawyer review the terms and there were some clauses in the PIL agreement which gave EM some rights to reduce or cancel his retirement benefits.

Are there any clauses in the PIL agreement which jeopardize your retirement benefits?

The guy I heard about simply turn in his retirement notice and skipped the PIL payments.

What are the terms of the PIL?

That's it

Synopsys should adopt a voluntary retirement program similar to Microsoft. This provides high-cost, senior employees with a graceful transition out of the organization.e company should follow Microsoft and offer voluntary retirement program. This will give senior people who have high cost a grace way to leave.

Amazing career. Built fds entire analytics business. Quite a legacy.

Every time I survived. The only reason I stay is because I refuse to leave severance on the table after spending almost two decades here. The way it's been going, I'll retire before they lay me off, with my luck.

Montgomery County Public Schools is offering a retirement buyout. This initiative aims to prevent employee layoffs. Eligible employees can receive a one-time payment of $10,000 or $12,000. The deadline for voluntary retirement applications is June 5. This action follows a $36 million shortfall in the school district's operating budget.

Montgomery County, Maryland

https://www.wusa9.com/article/news/education/mcps-employees-offered-retirement-buyout-avoid-layoffs/65-53278fbf-bbec-4490-890f-850406c26167

I am thankful to be retiring soon after a long tenure with Belk, but I’m very concerned with all the friends that are still with the company. The Belk of 2026 is unrecognizable to me. I hate to see people duped, lied to, mislead, and taken advantage of, and that’s unfortunately what is happening with this company. After many years with Belk, I’ve seen all types of upper executive management, some delightful, intelligent, kind, and inspiring…and some utterly vile, despicable human beings. One thing is for certain, in the end, kindness, decency, honesty, and integrity always prevail. To everyone still at Belk, good luck and god speed…and know that it’s not goodbye…it’s until we meet again….

❤️

Trying to find any positivity at work has become more draining than the work itself, so I have stopped trying. Now I just cross off another day on the calendar each evening and remind myself how much closer I am to retirement. The people who make decisions here have made it clear that they do not value the people who have been here the longest, and I am done pretending otherwise.

Is there any advantage to informing HR about retirement plans ahead of time? With the possibility of layoffs and severance packages at Bank, I’m unsure whether I should let HR know that I’m planning to retire in July. I would also be eligible for a half-year bonus since I have 10+ years. Could notifying HR about my retirement plans affect my chances of being included in a layoff or receiving severance?

Anything to the rumor that she will leave in the next 3-6 months?

Lots of people want out and it’s leading to complacency. TC you’ll have a much more productive workforce if you offer early retirement again.

The company is shrinking and is younger people need the roles to open up to survive. The pension doesn’t grow that much after 55 and certainly after 60 it really slows down. Do us a favor and help us get to 55.

Anyone out there RIF'd in November, but also happened to be retirement eligible? How was that handled?

I was wondering if I'm one of the few XOM long career of 33 years stock holders who never traded or sold their stock mainly for NUA reasons. Invested only in XOM, S&P 500, and extended markets index. With the 170 dollar stock price I finally gave in and sold most of my XOM stock. I did the NUA and flipped 1.7 million into a Fidelity concentrated stock limited partnership for diversification purposes. Should give me close to the same returns as the S&P 500 without paying most of the taxes on XOM stock. I just paid taxes on the XOM stock with a very low cost basis, as low as 14 dollars a share.

I know and saw the projection.

Has anyone heard of GE HC "forcing" people to retire?

Any Cisco retirees using Cisco RMAP health insurance plan? Can you share the premium you are paying and how you like/dislike it?

Does anyone know who is replacing the AVP who is retiring this week? No announcements have been made.

Anyone know if you can notify your manager you will be retiring, notify HR 30 days prior and then take your sabbatical, come back one day and retire?

I know some people got laid off last month. I got laid off today. My official termination date is 6/3, so they gave me two weeks' notice. I will receive my severance pay twice a month, just like my paycheck, and three months of COBRA. I have been with FIS for over 32 years, so it's about time to retire. I knew the writing was on the wall after they transferred me to a new group last September and then shut down the project I was working on. It's too bad, as I enjoy working on that project. They said they will still contribute to my 401K in February next year. At least I got my severance pay, unlike the poor guys who got rebadged.

I am working fir Cisco for 12 years. I have seen so many of these restructurings so far. I wonder if they consider to offer ER again like Microsoft is doing.

The former CEO announced his retirement last year. Since that day, there has been a steady climb to produce a 40% increase. Coincidence?

Can't blame the war in Iran since it's only gone up a little bit since then.

Im one of the few disappointed that I didn't get laid off... What are the benefits and qualifications for voluntarily retiring??? Im not 55 yet but have been working at fidelity for 22 years....

Would love to stay on the fidelity health insurance and use my rhrp and hsa for that (adds up to 75k)

I’m considering giving notice of retirement but not sure what would happen after I do. In other words, if I were to give notice that I wanted to retire on October 1, would they fire me right away because I’ve had some poor performance evaluations but today we’re not talking about me leaving the bank. Just didn’t know if by giving retirement notice it might force somebody’s hand. Does anybody have any experience with this issue?

When you retire from AT&T now .............. do you get any benefits as a former employee .

The West Sonoma County Union High School District board finalized staff layoffs. These reductions address the district's ongoing budget deficit. The board approved 8.0 FTE certificated and 4.918 FTE classified position cuts. Seven Analy staff members were recognized for their retirements. The board also approved a teacher contract and a hate speech resolution.

Sebastopol, California

https://www.sebastopoltimes.com/p/retirements-and-layoffs-bring-a-sense

Long life PW

Hello,
I recently transferred from GLA to WAL. What's the word on the street? It sounds like Tarrytown is in a very precarious situation. Seeing a lot of retirements in Walpole - are they forced early retirements? My friends still in Glasgow still work there but they don't seem to be a part of our huge 6% loss in diognostics

Win win for both parties.

Did anyone else get an email on their personal account about qualifying for the class action for retirement accounts from 2016-2020 for Merrill

General Motors announced a new round of layoffs. This adds to ongoing workforce reductions across the Big Three automakers. Richard W. Paul & Associates launched "Big Three Retiree." This free platform offers resources for Ford, GM, and Stellantis employees. It helps workers navigate pensions, buyouts, and retirement planning.

Detroit, MI

https://finance.yahoo.com/sectors/healthcare/articles/gm-announces-round-layoffs-michigan-183000073.html

I’ve seen a few vesting-related posts, and I think mine is the most interesting one. My last day is set as May 31st, and if I work one more day, my 401(k) will be fully vested, based on the 190 hours per month rule, no kidding. it’s really frustrating to lose almost 40% of the contributions just because of one day. I’ve reached out to HR, but it seems like nobody is familiar with this situation. Do you have any suggestions on how I might be able to become fully vested?

I'll be eligible to retire in early 2027 and Finance is in the early stages of a reorg. I have 20 years with Shell and am age 50+, so my pension will likely be bridged if I get let go before I hit my early retirement numbers.

Should I unofficially tell my line manager that I'm happy to package out? What are the downsides to making this declaration upfront?

I'm 50-something years old, 20-something years of Ford direct employment, falling under the GRP. Contributory to my pension since the first paycheck I could do so.

I'd go tomorrow if the rules let me retire early, but I'm not quite 55.

Any rumors of early retirement packages?

Jim

It’s time for another early retirement offer.

Xoxo

I just realized I have 15 years until I can get Medicare. I don’t know how I’m going to last that long. Every day at WF is miserable and there are no jobs out there to go to.