Time to unite against oppression! Unite to fight for our rights! Unite as one! Rise up as one United front!
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Footnote to my earlier post.
I needed to have COBRA for 18 months before being allowed on the early retiree health plan.
39 weeks was the length of severance
@I did not make it to 55 before i was let go.
Well after reading your post you are not the average worker , since you said you were given
health benefits as long as you pay until age 65.
No doubt you were a well connected worker with friends in high places who sweetened your
layoff package.
Most people let go were not given any health benefits at all, and counting Cobra doesn't count.
Since it means you have to pay 100% of your health costs.
If I had kept my health insurance under Cobra it would have been $550.00 a month.
I did not make it to 55 before i was let go.
52 I was shown the door after close to 30 years.
I was OK with being released.
Was half asleep when VP and HR were presenting package that included early retiree health care until 65 as long as I keep paying premium
But since I was let go what was I able to find since 2012?
Only a 3 month contract job that was suppose to 4 months.
Company could not find enough work to share for 11 people so we were released.
Cannot tell you how much networking I have done, been to recruiters, etc.
Even had a phone screening on MLK day for a 3 month contact that company had emergency need and needed some one to start ASAP.
Nope.
No tapping into 401k or pension that I had with SS yet.
Have other accounts that I set up as 401K's while working that I started tapping into last year.
The workers under 40yr are the lucky ones, they have a chance of finding a new job.
Its the poor workers in their 50's who know most companies do not want to hire them.
Even though people in their 50's have a strong work ethic and will give 100% .
I seen people at SST in their 50's just trying to make it till maybe 55yr when they can claim their
pension without a 10% penalty . Praying they can make it till age 59 1/2 so they will not pay any
penalty taxes for taking money from their 401k
The real dream is to pray you make it till least 62yr so you can get early Social security along with your 401k and small pension
I think half are in denial and the other half are either applying or biding their time for unemployment.
Either way it's a lost cause, I hope I hear for an interview. I'm actually getting nervous nothings happening.
Great sunk by the ship that I've helped keep afloat.
What a waste of a top college degree. I feel like I should get battle pay.
We didn't take it seriously last year. We didn't believe the warnings that were posted on this site. Things have now changed--1000's have been laid off and the largest customer is moving it's assets ($1 trillion) to a competitor. I think the reality has now set in! Rise up! It is not too late! Or is it?
Didn't we try that last year and nothing happened.
The governor media need to be alerted, it doesn't work just chanting here.
Unfortunately, I think we, the two of us, are preaching to the choir of two.
No one seems to care, they've either left or are so pushed down they have no fight left in them.
Hopefully, we will all find better paying, more interesting jobs and that life goes on better after State Street.
Depressing to work so hard for such little compensation. And it isn't just the money it's all discouraging now at State Street.
Hey hey ho ho JayH has got to go