Thread regarding Chevron Corp. layoffs

@GEjhx1M-1Ydau is jealous of the double dipper guy because he wishes it was him!!! LMAO!

1Ypkh is jealous.

@GEjhx1M-1Yoof, Thanks for chiming in with your 2-cents, double dipper - You are just too funny, because you are the only one who thinks that the law is on your side in a case of stealing - own up to it--

Too Funny!!

Hey fellas. Don't get pissed off at the double dipper annuitant. It's not his fault. It's Chevron's fault. They're the one administering your pension funds and paying the guy twice. It's amazing too the law is on his side too. Too funny!

We don't need a bunch of bigheaded egotistical douches on here bragging about their net worth, or claimed net worth. The discussion here is Lump Sum or Annuity. And if the guy was stealing roughly $5000 a month then to most of us average Joes that's a decent amount of money and is pretty serious. And if it's true that's probably not good for the pension fund, regardless of how much your net worth or income is or isn't. To most of us that's a lot of money in retirement and we can't afford to lose it from the pension fund, which is not the federal reserve. They can't just print money. They need to produce overall returns based on the size of the fund. Typically, if a pension is less than a certain percent funded(~75%?), they would also eliminate the lump sum option for retirees, in some cases, at some companies. I'm not suggesting that they plan to here. But that's something to think about. It's not just a big cookie jar and you take as much as you want with no consequences.

@GEjhx1M-1Yzkg, Hardly a "jealous prick", to use your kind of lower class terminology. FIRED'd for the last 4 years with most likely quadruple or more of the income and invested assets of the subject illegitimate pension recipient ,including invested assets and real estate holdings. Particularly if a person is excited/worried/anxious, etc. about a figure to the tune of a minuscule $6500/month, which is my piddly CVX pension, about a mere fifth of my income even before SS and RMD (mandatory distributions) kick in later. That's quite telling. However a thief and a crook is just that, there is no other word for it. There is no roundabout legal justification that makes it "OK TO STEAL", regardless of how hard the person tries to rationalize in their own mind. I just hate to have anything to do with CVX if it is so bereft of dignity to be associated with such types.

Jealous prick. I wish I was getting a double dip annuity. I'd do exactly what he is doing.

I would conclude from what I read that anyone who would continue to allow that so-called double payment to happen without making a peep about it is not just being dishonest on this one occasion, but is typically someone whom one cannot trust as a person in general, a habitual shady type, 2-faced, dishonest character with no morals. A normally prudent, honest mature adult would not behave in that manner and I am thrilled to death that this person is no acquaintance of mine - have fun with your criminal behavior and good luck - you may need it - LOL!

1Xykp, if you live in Texas, you are lucky. Chevron cannot come after you for "Unjust Enrichment" in the State of Texas. Retirement money received erroneously cannot be reclaimed on these grounds after 1 year. It appears with 14 months deposited to-date in your savings, you have secured two months of extra annuity pension money, so far. The IRS cannot obligate you to pay income taxes either. Tax law states unearned retirement income received, but not spent, is not subject to federal taxation. There is also case law supporting your heirs are legally entitled to receive the money you obtained and not spent, so long as no claims are presented within the statutory timframe before your death. Your case is rare, but not so uncommon. Mistakes do happen with pension funds and some go unnoticed for many years. Lucky you.

You sound envious to me, 1Xmpx. Are you? I can give a rat's a$$ what that guy does with the money. I wouldn't say he's stealing from the employees, rather than he is reaping something from Chevron that is not his to keep. I think he's made it clear he's not spending it either. It seems to me he aims for someone at Chevron to pay with their job for the gross error as a firm of retribution for the way he sees the company reasoned his ouster from the company. I can empathize with him to a certain point. To the poster who is receiving the double annuity, led us informed each month. I'm curious to know how long you'll keep getting the double dip.

There he is - @GEjhx1M-1Xykp, The Dishonest Thief who is Stealing from the Chevron Pension Program and trying to convince himself that Stealing from your co-workers it OK. If he did not think that he was stealing and had a clear conscience, he would have no reason to post here, which is his perverted form of going to Confession. Stealing is stealing, pal, there's no other way to characterize it. It's very simple and it is a sin.

Today is July 28 and I just received my annuity payment advise in the mail for my July end of month Chevron annuity. For the 14th consecutive month, they are not sending me $4,389, but $8,778 (double the amount). Like from the beginning, I will be transfering the duplicate amount to my separate savings account for safe keeping. It now will have a balance of $61,446 plus interest. I can't believe these pension managers? With each month that goes by, I more firmly believe it's only Karma for the way I was laid off. I plan to keep every bit of it until Chevron requests repayment. But first, the parties responsible for this mishandling of the pension fund will need to resign. I've already sought legal advise and current law is on my side.

Where is the dipshit dorkwad thief with no morals who has been ripping off the Chevron pension fund? What ever happened to him? I wonder if he is still playing the little mind games in his twisted head like,

'oh I'm taking it, but I'm not taking it..... It's not mine, but it's mine." "it doesn't belong to me. but I'm not stealing it" Ha Ha Ha Ha Ha Ha ha ha HA ha HA HA ha !!! What a brain-dead, immoral idiot.

Thanks for your opinion, 1fuda. My advise to you is to take your pension with only yourself in mind. Did your parents leave you and inheritance? I guess not, so don't do it for useless children. Enjoy your retirement. That's what I am doing. If there's anything you feel you should leave your kids, let them have the house or any of the unused 401k funds. I for one preferred taking the annuity. Chevron pays very well and will be around to guaranty it for the rest of our lives. If you're not too optimist, then you can bank on the PBGA (aka the taxpayers) to continue the payments.

Oh - fair enough, the lying cheating stealing thief will get the message soon enough. Me - I am retired FI, but would take the annuity, as long as they straighten it out for others. The CVX pension annuity is a good deal unless you have heirs that need to be coddled and can't survive without being treated as children in their adult years - such as a handicapped or special needs person and in only that case. To create a "trust-fund-baby" when the person is not disabled is an insult to the child and society. Most inheritances are blown early and frivolously regardless. That's just life. However If they don't clean it up with the people like double dipping thief here, the product will be worthless. All pension funds need to produce returns to continue annuities. There is no money tree. It's just like anything else in the stock market. In the case of double dipper - that's a Net Loss for the Chevron Pension Fund.

Get off your high horse, 1fzgu. I'm not the person you accuse me of being. I think we've heard enough of your rant already. I find it more interesting to stay tuned to other points of view f this subject, not only about one individual who is getting paid twice his annuity. Do you have an opinion on what kind of pension you would take and why? Which is it, Lump Sum or Annuity?

@GEjhx1M-1ffcv, Thanks for coming to the surface and revealing your identity as the person stealing from your fellow retirees' pension fund and that you know better, but rather take advantage of the handicaps of others, hence your last post. . It really does not matter how you do it or what legal loophole(if there even is one), illegal, moral(in your own twisted head)/immoral or other way or mechanism that you achieve and reach your goal of obtaining your loot, something that does not belong to you.

The truth remains, you are taking something that does not belong to you and you have no right to it for you have not earned what you pilfer. It belongs to the many struggling retirees who read this forum and solicit info from others. Those people need the fund to remain solvent for their own survival. The solvency of that fund is being compromised by people like you. I hope you sleep well at night knowing that you are screwing other people. Your selfish, greedy and arrogant(as usual) response to this will simply validate all that I have posted.

No, I'm not 12 years old, but the pension administrators sure seem to be a bunch of pre-adolescents.

-1emdx - HAHAHAHAHAHAHAHAH - that's funny!!! What are you, like 12 years old?

@1ezod, the law sometimes suck, son.

All liars, crooks, criminals and thieves try to justify their immoral and criminal actions one way or another. Nothing new to see here. Still milking the pension fund of your fellow retirees dry. Run along now.

Acquaint yourselves with the law (in Texas)

Tuesday, June 2, 2015

Unjust Enrichment not a Cause of Action in its own right, Fort Worth Court of Appeals says

COURTS OF APPEALS REMAIN SPLIT ON VIABILITY OF UNJUST ENRICHMENT AS AN INDEPEDENT LEGAL THEORY FOR RECOVERY OF DAMAGES.

Read the full article if you want: http://causeofactionelements.blogspot.com/2015/06/unjust-enrichment-not-cause-of-action.html

Chevron is either 1) postponing legal action until case law is established, 2) can't or doesn't want to do anything about the double payments, 3) is allowing the payments as a settlement to the retiree/plaintiff, or 4) simply doesn't know anything wrong is taking place. There is a reason for everything.

@-1euas, I have read most of this thread and I think that you are replying to the thief himself. He is so paranoid that he keeps checking this thread to see if any more people have read and disagree with his illegal activities. He just pretends to be some other anonymous poster. I bet if you actually did an honest poll about him stealing from Chevron's pension fund, 99% would say that he's should report it, do the honest thing. More people are honest than you think, when put to the test. What a way to live your life.. Sheeesh!

@GEjhx1M-1dvea, Thanks for replying, troll, with the irrelevant false information. That was someone else, not the double dipper and also that poster, like many, was lying. He failed on answering the simple test questions put forth. Try again.

Many people might share your view, 1door. But if I recall correctly, that guy's wife is an experienced tax attorney. Seems to me that trumps your CPA wife. A tax attorney vs an accountant us no contest. I recall him saying that the extra payments he's getting and the way it's being handled is not legally considered "income" under tax law. What astounds me is how Chevron hasn't realized the mistake.

@GEjhx1M-1dtkb, Yes that is correct, he is one lucky thief to have gotten away with it for so long. However, the most difficult hurdle he will have to face and evade is his taxes that are not being paid on that income. My wife is a CPA so I have learned a few things about this. Let's just say the IRS is the least forgiving of the bunch and does not like to be screwed with. They are extremely unforgiving on these matters. To whomever it may concern - consider yourself warned.

The guy receiving the double annuity from Chevron is one lucky bastard. He has his act together, ransferring the extra payment to savings and not spending a cent. Not having any of it show up on the W2 or having any federal withholding taxes. Twelve months, going on to 13 months. Please keep us posted if you are reading this.

What ever happened to the guy stealing a second pension check? Did he finally figure out that it's not wise to brag about being a thief online on a public site? It's only a matter of time before he is caught. if it was me, I would just turn myself in to avoid any more pain than is due already. The longer you wait, the deeper the hole that you have dug for yourself until it becomes your grave.

Thanks 13irh. I appreciate your comments. I have checked out that website and received a few good tips and advice. Yes, the prospect of retiring before 62 was a bit scary at first, but the more information I've received to address my concerns have been helpful. I'm pretty sure I'm in great shape. I think after pulling trigger, it's more of a mental adjustment I need to get used to. But retirement has to come one day. We all will face it one day. Hopefully prepared rather than caught off guard.

@GEjhx1M-13got, I think that most of the more serious retirees and potential retirees on this forum would agree that you have an excellent plan. The key being that most of your debt is gone, and kids are set. I hope that you can pay off that mortgage with your severance - that would be icing on the cake. I don't know how much you will save but it is nice to be debt free and allows you to really see what you have. You are actually only a few years from traditional retirement and very close to SS availability. I have learned more at the early-retirement.org thread/forum about these things than anywhere. Try that if you aren't on there already. Most potential retirees have found that site. Almost no ads. Those guys have a thread/discussion going about everything. The average age for them to retire is probably in their 50's I would guess. They are serious folks, many very wealthy, some not but extremely frugal. BIg advocates of LBYM. I am sure if you painted your picture to them they would agree you are well set to pull the plug permanently. It's quite the scary decision for those of us used to a routine.

I'm awaiting a possible layoff on the horizon. I work in a Houston based upstream unit at 1500 Louisiana St. I have been working for Chevron USA going on 29 years next month and am 59 years old. My home only has a $30k balance and the last of my 3 children just graduated from Texas A&M last year. My wife and are used to living a frugal, but satisfactory life. We carry no credit card debt and maintain 1 year of salary in cash at the bank. My wife never worked outside the home. I'm the only bread winner, but we saved as much as possible for retirement. That day may be coming soon. My Chevron 401k has risen to $1MM and remained flat for the last 18 months. I've taken a larger cash position in the Vanguard ESIP since I'm expecting a forced retirement this summer. My wife and I have seen two Certified Financial Advisors in the last 4 months and last week, we had an hour long phone conversation with a Vanguard Financial Advisor to vet our retirement plans.

We're leaning about 80% in favor of taking my pension as a 100% Joint and Survivor annuity. It pays pretty good compared to the best amount I was able to find on the outside (retail market). The annuity amount will more than meet our monthly expense budget for the next 5 years without having to cut back on our lifestyle. By the 5th or 6th year, social security will kicked in to offset any need to cut back for years to come. We are both in good health. We don't drink or smoke and we excercise regularly, so we expect to live long lives. We should outlive our life expectancy according to government statistics. Because of these things, we are favoring the annuity (plus social security) as our principal source of monthly income. Our cash in the bank is there for emergency expenses and to purchase a new car down the road when the two we have now must be sold. Our $1MM in the 401k is there to provide a security blanket. When the US economy and world markets seem to be less volatile and a bit more steady, we'll invest the 401k funds in higher performance return funds. That's our plan for now. We wish everyone the best in their future retirement plans.

@GEjhx1M-13fdo, I agree with that comment 100%. You are spot on and posted my sentiments exactly. And I also believe, like many on this forum that it is no excuse for being a lying, cheating, deceptive thief who is doing damage to the pension fund by his failure to communicate.

13uwt, I don't give a rat's assabout the double dipper either. But it's not his responsibility to correct the administrator's errors. It's really the pension administrator's responsibility to NOT make mistakes with our money. Apparently they don't conduct audits either. My angst is with the incompetents in charge of handling our pension.

I don't know about you guys but I would feel better about MY pension if I knew it wasn't vulnerable to people double-dipping. That can't be good. And I couldn't give a rats-A-SS about mr. double dipper himself but it would do the administrators and other pensioners a favor if he would point out the errors in the administration system.

@GEjhx1M-13ilh, Thanks for getting the last dig in, like a petulant child, that really shows your maturity, Prick. You either are the thief himself or someone without a conscience and who thinks stealing is OK also. I am happy and content to be on the other side as well as free to voice my opinion 24-7 as are you.

Hey Dick. Move on. How many times do we readers have to continue reading your same old opinion. I don't agree with the guy keeping the extra annuity payments either, but so what? That's him. It doesn't effect me. Next time to feel you need to post again, why not share any disdain you have for the Chevron Pension administrators. That would be refreshing for a change.

Thanks for coming back and reposting your irrelevant gibberish, guilty stealing thief. Feeling guilty? Why do you have to explain yourself over and over again? If you are a crook, deal with it. Live in your own truth. There's nothing that you can say or do online that changes you being a thief. Why do you even care what anonymous people think? Why are you even concerned if you are so convinced that taking/accepting money that doesn't belong to you, that you didn't earn, that you didn't work for, is not stealing? Go ahead and ignore the naysayers who actually have morals and a conscience, after all, those petty things don't bother you.

Like was posted previously, you are conflicting moral with legal. These are two separate things you know? Stealing or thieving is also an incorrect assertion. There is a legal thing called "Injust Enrichment", but in the state of Texas, a case like the one talked about, is still not settled law. It's possible the Chevron legal group is aware of this and is why it hasn't done anything yet to recover the erroneous double annuity payments to the annuitant. Until this law is settled in Texas, the annuitant is not compelled to return the extra payments he received. But why Chevron would keep making the double annuity payments is puzzling, unless they simply know nothing of it going on.

It makes no difference if he's spending it or not. That's actually an irrelevant detail. Taking, or accepting something that obviously doesn't belong to you is stealing - Bottom Line. There is no argument. Unless the person is continuously making contact with admin. to correct the situation, , which he admitted he is not, he is consciously stealing. And laughing about it and bragging.

No, I'm not jealous. I'm honest, wealthy, retired and sleep well at night. Nothing to be jealous of.

It makes no difference if he's spending it or not. That's actually an irrelevant detail. Taking, or accepting something that obviously doesn't belong to you is stealing - Bottom Line. There is no argument. Unless the person is continuously making contact with admin. to correct the situation, , which he admitted he is not, he is consciously stealing. And laughing about it and bragging.

No, I'm not jealous. I'm honest, wealthy, retired and sleep well at night. Nothing to be jealous of.