I heard a lot of people over 50 got bad reviews.
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H-1B fraud is a big issue. There should be an Anti-American lawsuit filed as this is now a priority for EEOC and the president.
Read the reported fraud scheme.
https://x.com/KumarExclusive/status/1897873773476376874
2019, they lost a few lawsuits. On the advice of an ex HR person, I did not try to sue when I was cut because there were only 2 of us, that we knew of. I think there were suits in 2022 but you have to have at least 4 people for a class action to be successful.
If all Immigrants leave the country only the original native Americans will be left in US. Take care
Anyone else notice how some corporate representative interjects unoriginal racist remarks into the threads they want to disappear?
@sq+1jn7dfx1q Your right about the SSIP contributions getting cut. Historically they have done that at Ford. Happened in 2002 and lasted for years.
Yes the lack of retiree healthcare rots. Plan now and it won’t be an issue. contribute maximum amounts to tax advantaged accounts, convert to Roths as much as possible. Then you can go on Obamacare and pay reasonable amount for insurance as you can have nearly zero income if you are living off of Roth/savings until Medicare eligible.
Salaried retirees do not have healthcare coverage. That was cut January 1, 2022.
One other thing is that pensioners get healthcare. You all leave out that little nugget. Even if I save the max of my salary for retirement that the government allows tax free, and retire at 59 1/2 (which I'm on pace to to do), I'm on my own for healthcare until Medicare kicks in at 65.
Anyone arguing that the pension isn't better than the extra 401k deposit is either stupid, a liar, or both.
@pn+1jn7dfx1q the extra 401k contribution isn't a guarantee. It will be one of the first things cut in a downturn.
There's a reason Ford cut off the pension. Anyone that argues the replacement is better is a sap.
@pt+1jn7dfx1q you're an id--t
The extra 401k deposit is not a pension. And it can be stopped at any moment. Didn't be obtuse.
I can speak from being cut Nov 2024, if you're a woman and have pension and are not named Sucheta, you're cut.
Thank you to the prior commenter for highlighting that all US Ford salaried workers get pensions. It is really frustrating to hear how many people don't understand that the defined contribution pension is different from the defined benefit pension, but not necessarily worse.
@p5 this part is not true
“ And, they weren’t paid more than those that do to compensate.
People who were grandfathered into pensions got the savings plans the pensionless got PLUS their pensions.”
Those with pensions do not receive the company contributions to the SSIP which ranges from 3.5% to 5.5% of salary depending on age. This contribution is made to those employees without a ford pension. It is different than the company matching to the 401k.
It amounts to more than they were setting aside for pension. It’s just that you are responsible for investing the money.
So the company is doing 3% company match + 5.5% SSIP. That is 8.5% of salary, then add in annual bonus and HSA/HRA. Boohoo so mistreated.
Most people over 50 these days have no pension if they work in the private sector.
This is true.
And, they weren’t paid more than those that do to compensate.
People who were grandfathered into pensions got the savings plans the pensionless got PLUS their pensions.
So, those without pensions must work past the age most boomers had to.
But companies still treat the younger folks in their 50s and early 60s as if they don’t have to work any more.
Maybe that’s why we see so many 50 and 60 year old people working the checkout counter at Meijer and stocking shelves at Kroger.
But hey, let’s import more of the world’s “best and brightest”.
@kr those who started post pension have had ample opportunity to grow retirement savings in SSIP and IRA. In onboarding it was made clear that you should aim for saving 20% of salary (including all the company matches) and to never touch that money.
What percentage of people do that? Less than 10%. Coworkers routinely raid their SSIP for buying houses, kids college and on and on. Then there is the constant refinancing of McMansion houses pulling out equity. Then they cry about how the Silent Generation and the Boomers had it all and destroyed it for succeeding generations. Eye Roll take a look at behavior patterns. It couldn’t be that people were living beyond their means? So sick of coworkers whining and never accepting responsibility for their own actions.
It isn’t age discrimination. People are forced ranked in every review process. Usually older employees will have more friends and family in the chain. Usually older employees have lead on many assignments. If you are older and are getting a bad review, you should work to improve those areas identified as the feedback is probably accurate and not related to your graying hair.
Most people over 50 these days have no pension if they work in the private sector. So they have to work well past what would have been retirement age for the boomers and their parents.
When it comes to age, why isnt corporate America recognizing the fact that todays 50's is he new 40's? And 40's is the new 30's? Etc...
It works in marketing.
In June 2023 they fired many people over 50 for no known reason.
They fire a lot of people over 50 that did not have a pension. This must have been so they could fire people with pensions and not be sued.
Then they hired under-40-year old H-1B replacements.
I’m over 50. We are smart, but admittedly lazy.
50+ folks are targeted at most of the companies in US. So it is important to become self sufficient financially by 50. After 50 it should just be few extra bonus years if you can continue. Take care and plan accordingly. Don't depend on companies after 50.
it used to be that the older guys at ford were respected. i was there and learned a ton from those guys (and it was almost all guys in my area at least the older ones). no more. got to plan for a second act if you're at ford.
Over 50 need to hustle harder. Youth is value.
@dn+1jn7dfx1q There is a wrinkle. If an employee passes away before collecting a pension or an employee passes away shortly after beginning to collect a pension, that is goodness for Ford.
At one point lifer Ford males who did not do the out @ 30 retiring in their 50s, for example waited until full retirement age 65-67 to retire lived on average 3 years after retiring. Ford Females lived an average of 14 years after retiring.
I suspect workplace stress caused health issues shorten life expectancy.
The patience for people that are pension eligible has run out. The Ford family thought that when they put the 2004 cut off in that by now they'd have been rid of everyone in that category. They are now at the "force them out" stage.
If your start date is before 1/1/2004 they want you gone.
If you pay close attention you will see that there is a method to the madness.
If an employee is pension eligible but has not yet hit pension gates 55 age 30 years service they are the primary targets, as the company has increasing liabilities with these employees.
If an employee has hit pension gates and was hired pre 2001 with lifetime medical, they are the next targets especially if they or their family have health issues or predictors of health issues like taking meds for high blood pressure or cholesterol.
If an employee makes considerable more $ than coworkers they will be a target.
You can see the pattern and the bean counter logic. The consultants never consider that there might be a large population Ford lifers who aren’t fit for purpose making lower salaries. Why? Because the newly minted MBAs don’t have adequate life experiences, they are just power point jockeys.
50+ will always be targeted.
Pensioners will always be targeted.
I've seen a number of high qualifying 50+ age senior level people laid off in the last year. They were replaced with younger Indian employees. It's absolutely a reality within IT.
In June 2023 they fired many people over 50 for no known reason. To make it look fair, they fired a lot of younger people too.
Don’t expect fair treatment from Ford when you’re over 50.
If you’re considering a job at Ford, RUN, don’t walk.
Indeed....I worked adjacent to one of the people involved with that lawsuit who made out pretty good in the end I believe
I'd say the company learned their lesson but the post above yours has an article to another discrimination lawsuit settled in 2022.
I guess the old saying about those who don't remember history is prevalent at this company.
https://fordauthority.com/2022/01/ford-age-discrimination-lawsuit-settled-last-month/
Ford Lost a lawsuit in 2019? For age discrimination with terminations. Surprised they didn’t have any in 2022.
You are sc--wed if you are 50+. D-mb question.