Thread regarding Honeywell International Inc. layoffs

Phoenix area investment firms

I just spoke to my guy in Scottsdale and he said they are getting lots of interest in seeing if Honeywellers are at a point they can retire.

He also mentioned the same rumor about pension moving to a lump sum in 2017. He's heard it equates to about 6 years of monthly payments. I've heard we will have an opportunity to take current plan as they cannot just switch over to something new without an option all be it very short fused.

Moral of the story, get your mess in order in case you need to bolt Hon.

It feels good to be given the green light to bolt now. I think I'll ride the gravey train until they offer another 6 months if they do that again. Throttle back, do just what i have to do, heck put me on a pip and get my 6 mos. oh.... apply for all the vacation I can get and use sick days from. Is through June. C YA

by Anonymous
| 3108 views | | 11 replies (last December 20, 2016) | Reply
Post ID: @OP+KVn4RhF
Comment! It's anonymous!

11 replies (most recent on top)

Probably trying to see how they can separate the utilities from 1207 from

the other bldg.

Can't see them doing anything as the project is still in early phases.

by Anonymous
| | Reply
Post ID: @1aus+KVn4RhF

Surveyors out this morning taking measurements around 1207 and 1201 and cafeteria. Ground already marked for underground lines around 1207. So something's happening over break.

by What's left of Tempe
| | Reply
Post ID: @1xcg+KVn4RhF

With that "better than nothing rationale", why should I complain about the latest vacation change? Isn't three weeks plus 56 hrs. sick time better than nothing? I'll answer, yes but it's losing a benifit I was told I had 35 years s go but to save money, it's taken away from lots of us. So no changing policy is not always better....

by Anonymous
| | Reply
Post ID: @1qua+KVn4RhF

144K lump sum Is better than nothing. Most companies do not have ANY pension plan. I'd be more afraid of Honeywell spending it and leaving us with nothing. Happen to my brother in law at GM.

by Anonymous
| | Reply
Post ID: @1zqn+KVn4RhF

Why? You wouldn't but after the policy is in affect, you won't have a choice, it's policy.

Like my 6 weeks of vacation I had, it's gone and done so ONLY to save Honeywell money that's why they changed any policy they've changed.

I thought folks were smarter on here

by Anonymous
| | Reply
Post ID: @1zyx+KVn4RhF

Get off the bong. You're babbling too much

by Anonymous
| | Reply
Post ID: @1agj+KVn4RhF

Why would anyone take that lame offer? Simple actuarial tables say one could live 20-30 YEARS after retiring.

by Anonymous
| | Reply
Post ID: @1rmd+KVn4RhF

" Equates to 6 years of monthly payments"... What does that mean??? Well say your monthly pension payment would be $2K per month so $24K per year x 6 years = $144K lump sum.

by MR. "D"
| | Reply
Post ID: @1nra+KVn4RhF

What does anything said by '@KVn4RhF' means?

by Anonymous
| | Reply
Post ID: @1nkn+KVn4RhF

"Equates to 6 years of monthly payments"... What does that mean???

by Anonymous
| | Reply
Post ID: @1kav+KVn4RhF

My lump sum when I get R.I.F. now = about 2 years of pay.

by Lump in the Head
| | Reply
Post ID: @jiu+KVn4RhF

Post a reply

: