#retirementbenefits

Allow employees to retire earlier penalty free. No exit package necessary.

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 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?

for a January hire, when exactly does the last 40% vest? is the June before, after the new year, or after you reach the actual mid-jan work anniversary?

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)

If I’m laid off, do I need to be 55 to be considered an early retiree with benefits?

Do they ever make exceptions if you’re close to that age?

Good luck everyone. It’s wild out here.

Any of the recent VSP retirees have any luck getting your welcome packet from HealthEquity who is supposedly administering our HRA accounts? We were supposed to receive it in April, but I have yet to get anything from them. I did purchase a Carefirst plan on the exchange, so I’m trying to get my reimbursements started? Thx

What happens to any supplemental pension or supplemental 401K savings if you are forced out at 52 and would have been NRE before (I know that is now removed). Would the company really just keep it and say tough luck?

A few years back gfs offered retirement package to employee of age >55 + 10 yrs service or >60 age + 5 yrs. HR head in townhall ever said she will prepare the detailed package and I heard people received the offer from HR. Is still available ?

How deliciously ironic that the same deluded Negative Nellies on this site threatening to sue the company over loss of NRE are the same trolls claiming retiree benefits have no value. No value, no damages, no case.

Get a grip people. Retirement benefits have tremendous value and if you lose them at age 54, it’s because of something you did, not some conspiracy that the company is out to get you. The DW that never gave a damn about you as an employee is the same DW who doesn’t give a damn about whether or not you wet your beak in the retiree benefits pool on your way out the door.

What are the perks of retiring from fidelity? Can you stay on fidelitys health insurance if you retire at a certain age / tenure?

Read the email about retirement changes. Sc--wing us again. This company su-ks. And the VOA survey won’t show happy employees. Another joke and complete waste of money

If you are retirement eligible and also being severed in 2027:
Are you considering retiring before end of 2026 to retain the 2026 annuitant benefits (and thereby forego severance package)? Or do you think it’s better to get the severance package and forego the 2026 (current) annuitant benefits package. Benefit package available for annuitants if you retire in 2027 or later is substantially worse than current annuitant benefits. Disappointed the company is making us choose!

I have nearly 15 years at the bank and am at retirement age. If I were laid off, would I still receive all my retirement benefits, along with any severance they might offer? Or would I be better off retiring before I get laid off? I fully expect more cuts in my BL.

And can you put in 401k or Ira? If Ira what kind

Optum did offer one nearly 10 years ago. are they planning to do one more round? they asked for volunteers who were 55+ and have completed 10 years, in the last round.

Offer full retirement earlier and get the higher salaries off the books. Better to pay full retirement pay than full salary.

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.

Will the downfall of Boeing affect the current pensions will they be reduced or eliminated totally? Does anyone know?

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.

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.

Change the retirement % to age chart.
62 = 100%
61 = 90%
60 = 85%
59 = 80%
IF THE COMPANY WOULD CHANGE THIS EMPLOYEES COULD RETIRE SOONER.

Has anyone heard rumors about an upcoming retirement package offering for those folks over 60?

If you were laid off in this last round and had 36 or more years does Verizon give u any kind of discounts for medical after the severance period runs out

If Robin and his fellow board of ejector directors ruin BNY and run it into the ground, are pensions guaranteed and safe to those who were lucky enough to earn them? What about any medical benefits, 401K or money we paid into? Obviously BNY stock could bottom out but I would think pensions and benefits earned should be safe under the law?

Beginning to think it’s not a question if Robin could do this, but, when?

RIF'd after 29 years with company.
I'm retirement eligible, but there are absolutely ZERO retirement BENEFITS!!
Seriously.....extremely high healthcare costs, and a 25% disc on cell service.
That's an insult to any employee that stuck around this sh---y company for so long!!

DO NOT WASTE YOUR CAREER HERE....LEAVE NOW!!!

Don’t expect me to strike for a contract that fu--s over new members at every turn. I will continue to work BAU. I couldn’t care less about retiree benefits. Meritocracy is the only fair system, seniority doesn’t mean sh-t to me. Take the package and enjoy your pension.

Can someone spill what the Black Friday Deals will be next week? Us retirees want to know!! Might go to visible by Verizon even with the 50% AT&T retiree discount…

If you're RIF'd on Thursday and are retirement eligible, do you still get retirement benefits?

Just one more f you. I am thankful to have a lump sum pension of note (30+ yr employee) but I just lost about 35K.

Can someone tell me why there is no Friends and Family posted on the fall extra discount days. Many of the retirees look forward to it each fall.

Does anyone know how much the folks at BTC actually get paid?
Do they have a compensation levels like us -CLs?
I’m just curious about what kind of arbitrage might exist there.
Also, what sort of retirement and savings benefits do they offer?

Retiree here. Just got my medical bill. It’s doubling. Where due I sign up to work the strike to pay for it??? Just asking

For decades, retirees had a pathetic $3,000 Humankind company match. Now it is suddenly dropped to $2,000. Successful companies actually increase these figures over time. Exxon and Conoco match $5,000, Shell $5,500. Yet another benefit reduction by our dying corp. What goes around comes around.

Can a manager go to a union position before they retire to get union retirees health benefits.

Retiree here. 30+ years in the mines. They told me my medical benefit credits would have some inflation indexation. But the competitive benefit landscape doesn’t include that, so… it’s gone! Thanks 3M! I wonder if the C-suite guys ever lose any of their Bennie’s…

Is anyone else having trouble getting their pension lump sum ? Delayed now 3 months and counting... is the fund insolvent ?

Does anyone know of a Ford Salary Retiree Group? In case I get let go I would like to consult those who have had to work through the HR systems to get retiree benefits. Also need to know how to perform Roth conversions from 401K.