I will go first I planned to leave at 60 or 61 but fate had a PIP delivered at 58. I elected to voluntarily retire at 58 (not I was forced to leave). It was the best decision of my life and have enjoyed every minute away from the he-l hole I was at. No regrets besides maybe I should have left sooner at 55. One bonus was the interest rate was low and I did not lose too much of my lump sum.
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@x2c the after taxes/deductions $s are correct, the % should have read 0.3%, EM paid well but not crazy well … regarding other comments about the pensions, my lump sum pension was not close to $1M, but then I was there only 15 years - it was still significant
I retired in 2015 at 67 - I was an experienced hire - to get 15 years in. I was going to work a little bit longer, but after working the last 5 years without any raise, I got an 0.03% raise. I think they knew that would get me to leave, and it did (never got to spend that extra $25/month - but hasten to add EM still paid well). Got a new boss every 2-3 years. Some were good, some were not (the ones who didn’t know what my job was, but knew how to do it better). And yep, when you’re 67, you don’t rank much above last in performance reviews. Performance was always a moving target (you could find a cure for cancer, but there was always someone who created world peace). Not sure why EM has retiree health insurance. The open market is a lot cheaper. Alight is a joke - I am sure EM gets a kickback on their contributions - you get to deal with 5-6 different companies. The lump sum was good (time value of money, etc.). It was a couple of weeks before I realized I was actually retired (having spent some 40+ years in the industry). I no longer spent vacations trying to keep up with work and how to figure out what to do that would have value on my performance review (and of course this would be outside your regular work).
Left at 50 and 12 years. Invested lump sum in S&P500. Came ahead of pension. Best decision of my life.
I made 15 years one month after turning 66 and I retired the very next day. It is an amazing feeling to know that I never have to go back to that cr-ppy campus again.
- 8. Pip’d, so electively retired. Keep the hush money EM. I got way more from
The low interest rate, rolling over pension and went to work elsewhere in a month, with another 401k going. Work is enjoyable now too.
I knew the person who had the fire in Clinton and the person who fought another employee. These were true examples. There are only a few things that can get you fired outright such as dr-gs, firearms, fighting, and stealing. Be careful as n-g brother is always watching you.
- She devil manager was su-king the life out of me. Best decision ever.
Originally always planned and wanted to retire at 62 in 1q2025, but decided to leave during voluntary packages of 4q20 at 58 and go ahead and take the hit of 5% per year for retiring before age 60. In retrospect best financial decision ever made; lump sum was highest ever with all time low discount rate and was rolled over to IRA, with total value up over 40% in 4 years due to market bo-m with well diversified portfolio and good financial advisors. If I would have stuck to original plan I would have worked for free for two years with high discount rates and also probably would have lost over $1million in Ira value with delay in lost investment opportunity. The retirement eligible folks whom were treated to both voluntary and involuntary separation in 4q20 are probably very happy with how last few years played out; the non retirement Elle whom separated were treated poorly and inhumanely with the forced departures; and this destroyed all management credibility and senior exec credibility for all the us based employees that remained. With ongoing “leadership” behaviors remaining on downward trajectory, company is headed down the sewer more quickly than not.
63 after many years as a contractor. One day they decided to realign my duties to require travel and overnight stays after being at a static work location for several years. I went home to think it over. I had already spent many years in travel mode earlier in my career. I decided to retire. It was a sudden decision but with no regrets and a lot of relief.
PIL at 58 and never looked back.
Absolutely the first day I was eligible to retire via PIL at the age of 54. No regrets.
I was about 67 and they sent me off site to get trained on some safety course. I did not pass and they terminated my contract. I worked for exxon as a contractor for 35 years.
37 years
I had a fire in the lab and was dr-g tested. I failed the dr-g test and was terminated.
remember dont smoke weed before you set the fire.
42 years old
I hade an altercation physical fight with another employee we were both terminated.
61
spent one year out on medical leave due to mental health problem due to bosses.
exxon gave me an ultimatum to either come back to work or retire. I chose to retire instead of deal with aggressive bosses and workplace.
71 or 72 don't remember
I was piped for a safety violation
advice don't drive a forklift or use a crane
68
was told I could not compete with the younger ones and lower CLs
I was constantly dropping in ranking.
64 years
laid off around 2020
I made it to 60 and was told the next year I would be dropped to NSI piped. All of my work was taken away.