Considering leave the company, anyone can give some advices whether take layoffs vs retired benefits?
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Questions makes no sense. If "retirement eligible" and laid off, you're retired.
Congrats.
If non bargained for, that entitles you to a 30% discount on wireless that is easily beat almost anywhere else as a regular customer off the street. And that's about it.
You've earned it.
If you are surplussed and have retiree benefits, you take the severance and the paid medical for whatever the duration of your severance period is. When that ends and they ask if you want to transition to Cobra, that's when you take the retiree medical, if you choose. Sometimes it's cheaper to get your own medical coverage.
If you are retirement eligible when you are laid off, you'll get your retirement, along with the severance. So, might as well hang around for both.
The people with the broadest smiles in my workgroup were the people who wanted to retire anyhow, and wound up leaving with a big severance check. Those were ear to ear smiles.
Hi if you qualify for the modified 75 rule amd they surplus you, you can receive the severance and retirement. All hr and adked about it. What happened to me in July and most folks was sad. Most of us on the surplus call had a year or 2 left before we could retire. That means we didn't get 100% of our pension and lost hundreds of thousands of dollars. AT&T is doing this on purpose so they don't have to payout.
Generic post. Probably a bot.
The Poot & his HR henchwomen took away all of our retirement benefits. No longer eligible for discounts, healthcare or free services like land line, internet or Direct Tv that we earned.
Quote: “If you were hired in the last 20 years or so and you retire you can get retiree dental and vision for a reasonable cost and the retiree EMO discount whatever its called. If you just take the surplus you get medical for six months paid at the same rate as an employee and give up the other. I will have to decide by the beginning of October and not sure what makes more sense.”
Being retirement eligible makes dental, vision, EMO (all more expensive than active employees) available to you regardless if you retire or surplus? Once you’ve put in the time to earn those benefits they should be accessible.
The MVO includes severance , retirement gift, retirement function of your choice (I preferred private dinner for four).
If you were hired in the last 20 years or so and you retire you can get retiree dental and vision for a reasonable cost and the retiree EMO discount whatever its called. If you just take the surplus you get medical for six months paid at the same rate as an employee and give up the other. I will have to decide by the beginning of October and not sure what makes more sense.
If you get layoff surplus notice and you are retirement eligible, you can get layoff, severance and any retirement benefits ($500 dinner, gift, retirement discounts, etc.) visit HR OneStop. Search retirement and check FAQs.
Ride it out, and get severance; that will be more than you'll get in retirement.
What is the difference? No Management Retirement benefits anymore.