#retirement

Any info on the retirement medical was anything done

Whelp, there it is. Cordani just announced his retirement. Will Evanko turn things around? Please, no more rebranding.

New CEO Brian Evanko......do mass layoffs then retire ..

Right now in America we have more private equity firms than we have McDonald’s. Let that sink in…. More leveraged buyout shops than fast food franchises. And somehow that is supposed to be normal….

This is the investmnt vehicle of choice for Ivy League nepo babies who want the upside without the liability. They sit on top of a backlog of 31,000 to 39,000 companies they cannot sell because they stuffed them with debt and marked them at fantasy valuations. The funds are supposed to close. The assets are supposed to exit. But the market will not pay what they claim those assets are worth.

So what do they do??

The PE firm itself takes almost no risk. They create a fund. Outside investors supply the capital. They borrow the rest from banks, pensions, and public retirement systems. Then they buy a company and load the debt onto that company’s balance sheet. Not their own. The company owes the money back.

It is like buying a car where you get the title, the resale credit, and the bragging rights, but the car is responsible for making the payments. And while the car is trying to pay for itself, you sell its parking spot, lease out its tires, refinance its mainteance plan, and siphon the cash. Then you add more debt. The car still owes it all.

For years, that game worked because rates were near zero. Over the last two years, rates went up. That adjustable rate debt they stacked on top of these businesses is now costing 14 to 18 percent. In distressed deals, 21 PCT. On billions of dollars.

So the math stopped working……..

Instead of taking the loss, they started doing secondaries. ABC PE cant sell its billion dollar company. XYZ Private Equity cannot sell theirs. So they sell them to each other at the same inflated valuations. They borrow fresh money from pensions and other investors to do it. The first fund gets “liquidity.” The second fund inherits the problem.

The Financial Times has been calling this a pyramid for years. No real price discovery. No true market validation. Just circular trades at numbers they agreed on.

Then even that stopped working. One hundred billion dollars in assets could not be moved in the last two quarters of 2025, even through these internal trades.

So now we get continuation funds.

This is where it goes from financial engineering to parody. ABC Private Equity has a company it cannot sell. The fund must close. So they create Fund 2. They raise new money from new investors. Then Fund 2 buys the same asset from Fund 1 at an even higher valuation. The cash from Fund 2 pays off the investors in Fund 1. The asset never faced the open market. The price is whatever they say it is.

That is not sophisticated. That is a textbook Ponzi dynamic. New money pays off old money. The underlying asset does not justify the valuation. It just gets passed around inside the same firm.

And who is the new money? Public pensions. Retirement accounts. 401k allocations. Teachers, firefighters, municipal workers. People who do not even know their retirement is being used to refinance a debt stack on a company nobody else would buy.

Meanwhile, those companies are being strip mined. Fees. Dividends. Asset sales. Cost cutting. More leverage. All while being valued at numbers the market has already rejected.

There is now 31,000 to 39,000 companies sitting in this pipeline. They need exits. They need buyers. They need cash.

Ponzi structures always collapse the same way. Not with drama at first, but with a liquidity squeeze. Eventually you run out of new money. When that happens, the valuations get marked to reality. And reality is not kind to overleveraged assets paying double digit interest.

Instead of admitting the model is broken, the industry is looking at the biggest pools of capital left and thinking: open the pensions wider. Shift the allocation rules. Expand the mandate. Push more retirement money into private markets.

So rather than let bad bets fail, we socialize the downside.

More private equity firms than McDonald’s. Tens of thousands of companies trapped in debt stacks. One hundred billion dollars that could not even be papered over with internal trades. And the proposed solution is to feed it more pension cash.

If this ends the way Ponzi structures usually end, it will not be the partners in the Hamptons taking the hit.

It will be the retirees.

Odd that people are announcing retirements that haven’t discussed it before… I had my job eliminated and was given the choice to say if I was retiring or not. I responded with “just tell people what you did” rather than deal with colleagues congratulating me on retirement when it is really a termination. Is this a company tactic to make them look better?

If you are working at Fiserv and you’re not actively planning your next move, now is the time to start. The reality is that many employees will not be able to retire from this company on their own terms in the next 12 months. The organization has signaled—directly and indirectly—that long‑term employee value is no longer a priority. In some cases, instead of offering severance, roles are being shifted to temporary agencies, which raises serious questions about stability and future prospects.

You have to focus on what benefits you. The era of staying with a single employer for 25 or 30 years and retiring comfortably is over. The job market is evolving quickly, and it’s essential to reposition yourself and begin developing an exit strategy that aligns with your goals, your skills, and your financial needs.

Do not hold on to a role that is losing relevance or a company that is no longer investing in its people. Prioritize protecting your future, expanding your options, and preparing for the next chapter—whatever that may look like for you.

I can't afford to take it for granted. These days, I'm happy to still a job the next day. Tell me that's not fu---d up.

Forgive an old man for reminiscing. It was 2 years ago today the ENB ended my career and laid me off.
What a gut punch! The team I led was a high performing, highly regarded team. The folks I worked with, led and supported were the best. Our senior leaders, not so much.
During my decade at ENB I survived 5 rounds of layoffs before I was kicked to the curb. During one round I happened to be the senior on site and had to conduct the “all clear” meeting, that was a tough one.
Today I’m in a much better place, with the severance package I was given I was able to retire. Next month the last of my LTI grants will pay out. I wish all of you who remain the very best. Except the clueless senior leaders who have no idea what they are doing. And while I don’t miss working at all, I still miss my team!

Was planning on working 2 or 3 more years to add a little extra financial cushion to my retirement but decided it's not worth it. They've sc--wed us over in every way imaginable over the years and I'm convinced it won't get any better. I'm soooo looking forward to giving my notice as soon as RRP hits my bank acct Friday. Hopefully me leaving will save someone from being RIFd that needs their job more then I do. Good luck everyone.

Will there be layoffs in 3rd or 4th quarter after RTO attrition and after-bonus retirements? I’m thinking the aforementioned won’t be enough to avoid layoffs.

There was a time when retiring here felt guaranteed. That hasn’t been true for at least a decade. With constant layoffs, retirement feels like a distant luxury. Most of us are too busy worrying about what tomorrow might bring to think that far ahead. That’s the reality we’re living in.

So remember you think you are guaranteed but honestly once the pensions were sold off they are no longer federally guaranteed it’s state regulatory guaranteed.Which is dependent on state .So NJ would be up to 250,000 .So if you have more your gambling.I believe.But here is one article https://www.americanretiree.com/post/verizon-retirees-object-to-5-9-billion-pension-spinoff

Gulfstream retired employees need to verify their pension programs and ensure they are being paid. It appears that Gulfstream is not paying all employees out of the Salary 1 1/3 pension plan and refuse to cooperate to resolve the solution. Example of employee with over 30 years of service and retired in 2019 and has been to be paid out of Salary 1 1/3 pension and has contacted Gulfstream, General Dynamics and Fidelity regarding the discrepancy and was informed by informed by Fidelity they were owed over $128, 744 in retropay but payment has yet to be made by Fidelity and Gulfstream and General Dynamics have continued to ignore the situation.

As I see hiring, I also see forced retirement and cuts for similar roles. Worst thing is Boeing fires you and bans you from rejoining for life! One of the worst ways to treat your own ex-employees who Boeing called family!!!

Mar 1st is when the funding of the US pension will be announced. What are the chances in underfunding, forcing everyone to take the annuity vs the 50% lump sum? Did they really back date the last notice when the took the 100% lump sum down to 50% option away?

I believe with that officially on some the locals we’re gonna have something released to us soon .Unsure if it’s good or bad but one things for sure I think the retirement medical people that are out there with the increases are in trouble that’s one subject I don’t think company is gonna move too much we will see but search around you will find some locals actually putting a few things out

Can you list the years service and amount your lump sum retirement was and year retired?

Come on leaders. Make it happen! We are out here waiting!

What is everyone going to do in 18 months once AI retires us? Golf?

Article is about retirement but true for those of us told we aren’t performing, are assessed low, and are hit with layoffs as well. We all need to watch out for each other. Word like « good », « needs improvement «  and « needs significant improvement «  hurt.

https://geediting.com/gen-psychology-says-the-reason-retired-men-sit-in-silence-isnt-because-they-have-nothing-to-say-its-because-theyve-lost-the-only-identity-anyone-ever-valued-them-for/

He’s sitting in his chair. The television might be on. He’s not really watching it. His wife asks if he’s okay and he says he’s fine. He doesn’t elaborate. He doesn’t start a conversation. He just… sits.

If you’ve watched a man go through the first year or two of retirement, you’ve probably seen some version of this. And the easy explanation — the one most people land on — is that he’s simply run out of things to say. That after decades of meetings and deadlines and daily demands, he’s finally enjoying the quiet.

But psychology tells a very different story. One that’s far more uncomfortable and far more important to understand.

That silence isn’t contentment. It’s the sound of a man who no longer knows who he is.

The identity that was never really his

For most men of the boomer generation, identity was never something you explored. It was something you earned. You were what you did, what you produced, what you provided. Your worth as a human being was measured almost entirely by your usefulness to other people.

Research from the field of masculine gender role socialization describes how boys learn from a very young age that their value is contingent on performance. Researchers call this “masculinity-contingent self-worth” — a man’s sense of personal value being directly tied to how well he fulfills the societal expectations of being a man. And for decades, those expectations were clear: provide, achieve, produce, don’t complain.

This worked. It worked for forty years. It gave men structure, purpose, social standing, and a ready-made answer to the most basic question any human can ask: Who am I?

I’m an engineer. I’m a manager. I’m the guy who keeps the lights on.

Then retirement comes, and the answer disappears.

Work wasn’t just a job — it was the entire architecture of selfhood

When researchers at the University of Gothenburg studied retirement adjustment, they identified three core psychological components that determine how well someone adapts: identity reconstruction, social interaction, and independence. Of the three, identity was the most foundational — and for men, the most fragile.

One retired participant in the study described the feeling this way: when you’ve got a job, you define yourself by your job. You carry a higher status of yourself in your own mind. After retirement, the sentiment was one of redundancy.

This isn’t an overreaction. For many men, work provided essentially everything that psychologists consider necessary for mental health. It provided routine. Social contact. A sense of competence. External validation. A reason to get up in the morning. A place where people needed you.

A 2024 study published in BMC Geriatrics examined depressive symptoms across the retirement transition and found something striking: the meaning men attached to their work was a significantly stronger predictor of post-retirement depression than it was for women. When work meant everything, losing it cost everything.

Women, the research suggests, tend to maintain a broader portfolio of identities throughout their lives — mother, friend, community member, caregiver. Men, particularly men of this generation, were encouraged to go all-in on one identity. And now that identity is gone.

Why he doesn’t talk about it

Here’s what makes this particularly cruel. The generation of men now moving through their sixties and seventies was raised to believe that strength means silence. That asking for help is weakness. That a real man endures.

Research on masculinity and social connectedness has consistently found that men’s social support networks are limited precisely because seeking support or discussing emotions conflicts with male role expectations emphasizing strength and emotional restraint. The dominant practice among men in multiple studies was simply not to share emotions with other men. Or with anyone.

So when a retired man is struggling with an identity crisis — when he feels purposeless, invisible, and fundamentally uncertain about who he is — he does the only thing he was ever taught to do.

He sits quietly and tells you he’s fine.

Dr. Igor Galynker, psychiatry professor at the Su----e Prevention Research Lab at Mount Sinai, puts it bluntly. Men spend their lives achieving and neglect social connections, he explains. Women retire better because it’s less traumatic for them. Men are so invested in their work they lose both the social connections from work and the meaning of life.

The silence has a body count

This isn’t just an emotional problem. It’s a public health emergency that almost nobody is talking about.

According to the CDC’s National Center for Health Statistics, men age 85 and older have the highest su----e rate of any demographic group in the United States — 55.7 deaths per 100,000 people. Among men 55 and older, su----e rates increased significantly between 2001 and 2021. And retirement is consistently identified as one of the key precipitating life transitions.

Dr. Yeates Conwell, psychiatry professor at the University of Rochester Medical Center, identifies five factors that converge in older men: depression, disease, disability, disconnection, and deadly means. He notes that because male identity is so wrapped up in self-reliance, the transition to needing help from others can be devastating. And in retirement, men lose many of their connections and most of their sources of self-esteem.

A meta-analysis published in the International Journal of Environmental Research and Public Health found that the mean prevalence of depression among retirees was 28%, with rates significantly higher among those who retired involuntarily. A separate review in Epidemiology and Psychiatric Sciences described retirement as a major life transition associated with numerous risk factors for developing depression.

Over 6,000 older Americans die by su----e each year. The vast majority are men. And an overwhelming number of them visited their primary care physician in the month before their death — most without being diagnosed with a psychiatric condition.

They went to the doctor. They didn’t say they were struggling. Because they were never given the language, the permission, or the cultural scaffolding to say those words.

Nobody ever asked who he was beyond what he did

This is the part that should stop us in our tracks.

For most of these men’s entire adult lives, nobody — not their employers, not their friends, not their families, and often not even their wives — ever encouraged them to develop an identity beyond their productivity. Nobody asked what they loved. What moved them. What they dreamed about when they weren’t solving other people’s problems.

The question was always: What do you do?

Never: Who are you?

And when work ends, the first question becomes unanswerable. The second question was never even attempted.

Research from retirement psychology describes this transition as “a psychosocial process of identity transition and search for meaning,” where the challenge lies in creating a new sense of self once the old one no longer fits. But for many men, there is no new sense of self waiting in the wings. There’s just an empty room and a television that fills the silence.

What the chair really means

When a retired man sits in silence, he’s not relaxing. He’s not savoring his freedom. He’s not choosing quiet.

He’s trapped in a gap between who he was and who he doesn’t know how to become.

He spent his entire life being valued for what he could do for other people — the money he earned, the problems he solved, the responsibilities he carried. And now that those things are gone, he’s confronting a terrifying possibility: that without his usefulness, he doesn’t know what he’s worth.

He won’t say this. He might not even consciously think it. But it’s there in the early bedtimes, the declining invitations, the shrinking world, the flat tone when he says he’s fine.

The conversation we need to start having

If you have a retired father, husband, brother, or friend who has gone quiet, it’s worth understanding that you’re not looking at a man who has nothing to say. You’re looking at a man who lost the only version of himself that anyone ever seemed to care about.

And the fix isn’t a hobby. It isn’t golf. It isn’t a suggestion to “stay busy.”

The fix starts with asking a different question. Not “What are you doing with your time?” but “What matters to you now?” Not “Have you thought about volunteering?” but “What did you always wish you’d had time for?”

Research on identity change in retirement suggests that older adults who maintain multiple group memberships and social identities experience more positive transitions. It’s not about finding one new thing to replace work. It’s about discovering that you were always more than your job title — even if nobody ever told you that.

The generation of men now sitting in living rooms across the country were taught that their value was in their hands, their output, their provision. They built houses, careers, families, and entire lives around that belief. They were never told it was a trap.

The least we can do is stop mistaking their silence for peace.

It isn’t peace. It’s grief. And it deserves to be heard.

Just had a talk with my adviser about this whole voluntary layoff thing….With me I am so close to 65, I plan to get out of telecomm and pick up a mediocre part time job to cushion the loss of CC funds. Come to find out the upcoming deposit of my severance, any upcoming bonus, banked PTO, etc etc….will be held against me when I start my Medicare…the large deposit will be a IRMAA surcharge on both my Medicare part B and part D premiums. This sliding scale of 5 brackets will no doubly kick my Medicare premiums a few more hundred dollars per month. To those of my coworkers who plan to jump into retirement after the severance comes may take this into consideration. If anyone has any constructive criticism on this matter, I’m all ears.

It's pretty much certain that RIFs will happen this week. As someone impacted by a recent RIF, here is what I can share. What's done is done already. Regardless of what you colleagues or business partners think of you, your manager has already decided that you are gone. Brush off that resume. Research competitors who may value your skills. Apply to positions where your skills fit and/or where you want to go in your career. If you get an interview, even for a position you don't really want, don't turn it down. Some of the best advice I got was from an old manager who had recently separated from the military who told me how he had been applying to positions he knew he couldn't accept because he still had a year left but he wanted the interview experience and hadn't interviewed anywhere in almost 20 years. When the time came, he was a pro and landed a job in his first interview after his military retirement. Optum isn't the military and you can leave whenever you want. If that amazing offer comes before severance, don't hesitate to take it. Best case, you line up both at the same time and walk away with a nice bonus that you earned for all the stress and BS this place has put you through. Good luck to everyone. It will all be okay.

But younger people should definitely not waste any more of their time. There's no future at this company, and even if there were, all of you could do better somewhere else.

The 10-K filing is now published.

As of 12/31/2025:
Total # of Employees: 133,030
Number of Retirees/Beneficiaries: ~477,000

Compared to 12/31/2024:
Total # of Employees: 140,990
Number of Retirees/Beneficiaries: ~496,000

They no longer breadkdown by domestic/international, age ranges, ethnicity, or anything else. Interestingly, they claimed 43% of the workforce is represented by collective bargaining which is unchanged from last year's, and still higher than previous years' 42%.

My retirement date is my only light at the end of this BofA tunnel. I'm too experienced for most entry level roles and seen as too old for the senior jobs I'd actually want. It's a very frustrating and powerless position to be in professionally.

Hi, I’m considering leaving Chevron and noticed some employees wait until after April 2. I’ve heard this relates to dividends being credited to retirement accounts. Is that accurate, and does anyone know why that date is significant?"

In workday there is a section for notice period. Depending on your title you may have to provide notice of you quit or retire. Mine says no notice. Does anyone know for sure of that means I can retire and walk out the door the same day? Not a question I really want to ask HR.

Is anyone who was laid off within 5 years of retirement?

I am wondering if anyone impacted by the RIF was close to retirement, maybe within 5 years.

Verizon retiree healthcare costs 2-4 times what is available on open market. The 25% retiree wireless discount is far more expensive than T-MO’s 55 plans — or any other carrier. Unless you have pension from wayyyy back or part of the union, there is no reason to stay until retirement. And they’ll rif you long before you hit mid-60s anyway. Get out now before Dan the Hatchet Man and Slam Hammock take what’s left of your dignity.

If you managed to find another job, somewhere outside of this hellhole, I wish you all the best. You deserve it, and congratulations to you. To anyone still looking, hang in there, your door will open soon, the job market is brutal, we know. To those nearing retirements, also hang in there, I know you are all looking forward to not doing anything or finally breathe or do your hobbies and visit your grandkids, get more cats/dogs.

I feel your sentiments and suffering. We all know Stankey and the gang arent going to revert back to hybrid, nor even give us a seat. They do not want talents here, nor be competitive. We know everything that has been done is to force people out. AT&T is not growing anymore but it still has the cash flow. Investors do not care about morale, so just do your best to not lose yours. This too shall pass.

Help! Retiree here - can some one post the spring 2026 extra discount days ?
We no longer get any communication about this -
Appreciate any updated info !

Retired recently with no Ford Pension owed to me and as I was reviewing my career resume it was revealing to note a contrast between Ford and the other OEM I worked for.
Similar position, however at the other OEM it was a “3-person” job.
Inefficient and no-value processes are PD costs at Ford no amount of reorganization or chair-shuffling will alleviate.
To make matters worse, no one has the courage to say “NO” to a process or tool with little value.
Best wishes to all who remain at Ford.

If I am chosen and plan to retire instead of move, what happens to my annual bonus for 2026? Is it prorated or nonexistent? In past years, it was prorated, but since the packages have changed, they don't address the topic. I could ask my AVP, but don't want to cause concern. They will get their 2 week notice.

If you were qualified for a pension from Sears how do you go about collecting it? I know there is PBGC. I would like to hear from actual Sears pensioner. Thanks.

Here is my story. I made it 13 years at exxon before before quitting. No retirement for me except some of the pension lump sum. The lying a hole hr snake said I would not get anything but I got a little. I made several million dollars during my time at exxon and at my other company. I left with about 2.1 million in my 401k and a lump sum payout of only 230k. I left without any notice. I just stopped coming in to work. I truly hated exxon in the end and could not stand the supervisors and managers. The group was so toxic and gossipy. Eventually exxon sent me a letter of job abandonment and paid my vacation time. It was the best decision and feeling of my life. The money I made was more than enough for me to live on. I kept on working in order to get the medical benefit and higher pension payout but in the end it was not worth the pain and mental anguish. I was seriously thinking of working till 60 at exxon. I now travel the world visiting all of europe, Asia and south america. I got great medical insurance that is more expensive but better than exxon's was. I left in mid 2025 and my financial advisor has already increased my portfolio by almost 250,000 dollars. I live a very frugal life and have no payments as everything I own is paid off. I can live on as little as 2100.00 dollars a month. I so wanted to tell my supervisor to f k off and cuss them out but did not get the chance to. So in the end money was the key to my freedom and happiness. If you are miserable quit and leave before you suffer undue mental damage. This is my story and I hope it helps others who are going through the same he-l I was. I do not want to work anymore as exxon has ruined the experience for me. If I find employment that I can help and succeed in I may try. Good luck to all who play the game but remember the game is rigged at exxon. I had a horrible experience at exxon and hated every moment.

Does anyone actually make it to retirement here? Everyone I have known left on their own because of their managers, laid off or given a VERP option. The only people who made it to retirement are admins and Senior Execs.

I recently was RIF after 28 years of service. Can I roll over my severance to an IRA to avoid taxes. At 64 most likely will be treading on a tight budget. God Bless all the Good Folks

How do I get a medical retirement from this place