#retirementplan

I am 52 and want to take VRP but not eligible for it. Anyone knows if HR would bridge 3 years and give me the package? It would be hard to stay 3 more years. I will lose more than 50% of my pension if I leave before 55.

You hit 40, they'll retire you.

CHK them Linkedin posts folks!

But because things are the way there are now, I feel like I have ten years ahead of me. I just want to be done with this place.

ACA (Obamacare) is most expensive. The Citi retirement plan is second and ironically COBRA is cheapest (at $2,100 per month for my wife and I).

I will turn 65 during the 18 month COBRA period. So, I thinking that is the best option (COBRA then Medicare for me). Then ACA for my wife until she turns 65 in 3 years.

I'm just wondering what others have done or what your thoughts are. Thanks

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'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

Baylor University has begun staff layoffs following a February announcement. The university plans to implement $35 million in budget cuts over two years. At least 40 employees have received pink slips, including eight in the College of Arts and Sciences. These reductions are part of a broader response to higher education challenges. The university also reduced its contribution to the faculty retirement plan.

Waco, TX

https://wacotrib.com/news/local/education/article_6f3f0085-bf69-402d-9fcd-7d7613f1ee50.html

After termination, how long does it usually take to receive communications about the pension and RRSP plans? I’ve been waiting for about 3 weeks now and wanted to follow up.

She is 64. Will she retire soon? Maybe things will get better then? 🤞

To age plus years of service equals magic number for full retirement. Employees will retire without an exit severance pkg.

I cannot find the original post but I remember seeing one of the posts saying 50% of Houston personnel will be retirement age in 10 years. What’s the source of that information? Is it true?

What will happen to earned but not commenced pensions if HW is split up and sold off?

Vanguard retirement packages for US tech employees. Wow... you guys really do not keep up.

Does anyone remember the timing for last year’s buyout offer? I finally hit the 'magic number' and hoping for a repeat of last year’s offer.

Anyone flip their 401k to IRA yet? What was your experience? Did you choose managed or self directed ?

Five former Dell Technologies employees have filed a lawsuit against the company, alleging that poor oversight of its 401(k) retirement plan led to massive losses for workers. The complaint, filed on Jan. 28 in federal court in Austin, Texas, claims Dell failed to properly manage the plan and cost participants more than $318 million.

According to the proposed class action, Dell violated the Employee Retirement Income Security Act by continuing to offer investment funds that consistently underperformed, even as stronger and less expensive alternatives were available. The plaintiffs argue that this prolonged inaction put employees’ retirement savings at risk and eroded long term returns.

Just got mail from MetLife announcing "important updates to your MetLife 401(k) plan".

#1 New Target-Date funds. Balance fund going away. Ok fine.

#2 Access to Retirement Planning and Advice. Anybody have details on this? I couldn't find in the "literature" whether this was free (how much is free advice worth), or how much it costs. Sometimes the "advice" is really just a sales pitch, so sus. Seems unlikely that they could truly afford to offer "guidance tailored to your unique financial situation that evolves with you as your needs and goals change" unless it was 100% A.I.

Would like to hear from someone that knows.

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

If you have been recently laid off or left on your own, double check your vesting amount especially if you Rollover your account. I was fully vested as I had been with TD a long time past the vesting requirement before I left. I received an email in December telling me I needed to rollover my account or make an election by a certain time period or my account would be closed and I would basically receive a check for the balance. I rolled it, but then I was missing a large sum of money which was the match portion as if I wasn’t vested. I called Fidelity and they agreed I had been vested for awhile and they reached out to TD to refund me. I’m still waiting on my money and following up. I’m hoping I’m just a clerical error, but I just wanted to throw a heads up in case I’m not.

How is it legal for BK to take the distribution out of your account, yet not credit you the money for 30 days.
So basically BK is holding on to your money, earning interest ? Carrying it as an asset ? For 30 days.

https://www.change.org/p/reform-railroad-retirement-system

https://www.change.org/p/reform-railroad-retirement-system

Interest rates aren’t going to get any lower anytime soon. Early 2026 is a good time to retire

What the title says - I've managed to find a new job and will be leaving next month. Will I still receive my 2025 401k match?

When will company match for 2025 be posted in Empower?

Seems like 6 Admins retiring at same time, one with 52 years and one with 51 years others with 30+ years. Those seem like amazingly loyal employees and all leaving st same time. Coincidence?

What is your number for amount saved to retire and associated age to retire?

Proposed (new) U.S. retirement plan.

Wall Street will love this.

Sometimes, a stock market crash can take a full decade to recover from; it (has been proven throughout U.S. economic-financial history).

*** Example - The "Lost Decade" from 2000-2009 whereby the S&P 500 had a Negative average return (-0.95%).

Australia is a much smaller country.

Australia also operates differently than the U.S. without having $38.4 Trillion in U.S. National debt (add $3.74 Trillion from the Trump Tax bill) with $969.0 Billion a year in Interest being paid (almost a Trillion a year) by the U.S. taxpayer to outside Investors (U.S. based, Japan; China: etc.) who finance it, per usdebtclock.

On a side note -

ACA Healthcare subsidies are set to expire with 24 Million U.S. citizens having 100% increased healthcare premiums (on average) or (no) healthcare (at all), with (no) replacement in sight from the Trump administration.

ACA enrollees include small business owners (and their employees), lower income-poor; etc.

This will (also) weigh on the U.S. economy, with Trump tariffs potentially leading to a Major recession in 2026.

Seems like it's a 3 year vesting period to own 100% of the retirement plan contributions by TIAA. Let's say I started the company and my first official start date was in January 1 2023, would that mean if I quit on January 2, 2026 I get to keep the full amount? Or is it based on hours worked? Also, is the retirement plan vesting pro-rated, or would I lose all of the money if I leave before 3 years?

Today marks the 3-year anniversary.
https://www.freep.com/story/money/cars/ford/2022/12/08/salaried-ford-workers-retire-pension-warning/69708649007/

Those of you who retired then and still visit this site, can you share and reflect on how your life has been since you retired? Any regrets? Any advice for those of us close to retirement?

The constant reshuffles and unclear future make any retirement plan a joke. At this point I’m planning for options outside the company.

So yesterday was my day. When can I move my 401k to an IRA? Do I have to wait the 60 days non working time, or can I do it whenever? I already signed the displacement documents.

If you are displaced, don't forget to take advantage of things like vision insurance, dental insurance, etc.

Also, if over 55, look into 'Rule of 55'. 'Separation from Service' in IRS speak. It allows anyone 55 or older to withdraw funds from retirement account with no penalty. You will still need to pay taxes on any non-taxed (401k) funds, but if you have pre-taxed (Roth) funds, there will be no Fed tax. You will need to look into your state situation. For example, Iowa has no tax on retirement fund income.

Talk to empower

In 2026, will HCSC offer a Roth 401k as the result of the Secure 2.0 Act, which requires catch up contributions for high earners be made only to a Roth 401k. Here we are in Q4 and I haven't heard anything yet. I believe if no Roth 401k option is available, then the high earner employee is not allowed to make catch up contributions. Curioyif anyone has heard anything on this from HCSC?

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.

We’re facing more lawsuits and charges than John Gotti and Puff Daddy combined. And now, state regulators are digging deeper according to NBC. This is quickly turning into ‘death by a thousand cuts'

https://www.nbcnews.com/video/rhode-island-retirement-plan-prevents-many-state-workers-from-accessing-contributions-247724101790

Millimanbenefits.com

Don’t know what’s going on, but reps not really willing to explain things. Company must of retired and hired new employees. Not very knowledgeable nor do they seem like they want to help. Hopefully Verizon will light a fire up their kulo!