#retirement

Well
Beyond
Ridiculous

And getting worse by the year.

It was announced that Derek will “retire.” I see a lot of people retiring (asked to leave). Thoughts?

Fusion Application teams are going to be affected more in upcoming period. Heavy consolidation is happening at top layer to cut down more heads after SM left. We have more executives lined up for layoff.

We have already Managers and Senior Managers targeted. There will be heavy trim down of Directors, Senior Directors, VP's in upcoming phase. QA, DevOps , NFR teams beware more. Better plan ahead and move out. If you are heading for your retirement its ok to stay.

Is there any reliable statistic on how many employees choose PIL versus a PIP, how many eligible employees actually retire, what percentage of PIPs HR allows to pass, and how many employees leave the company even after "passing" a PIP?

That was at Ford Credit. What a bunch. Unfortunately I cannot retire right now so I guess I will be on the chopping block Monday morning. Had great reviews until this came up. What a pathetic bunch.

With the interest rate increase this quarter and another one expected next quarter, I wonder how many will finally retire and overshoot the headcount reduction targets.

I’m losing more of my retirement each day and this a hole is nowhere to be found

Hello everyone,
I am considering leaving Oracle and would appreciate some advice on whether it is better to resign or retire.
Could anyone clarify the key differences between the two options, particularly regarding the severance/benefits package, notice periods, and overall requirements? Any insights would be greatly appreciated!

Full time developes laid off - Retired QA folk get extension - India IDC reality.

Connections matter ?

Scene: Doors of the Canonsburg office swing open. Three members of the Lollipop Guild emerge, wearing matching puffy vests, untarnished hard hats, purple sneakers, and holding enormous lollipops. Behind them, a banner reads: "Congratulations on your retirement! Please don't come back."

Lollipop Guild member #1:
"Yinz gather 'round. The day we dreamed of has arrived!"

Lollipop Guild member #2:
"Wake up, you sleepyheads, get out of bed! The nightmare of meetings and micromanagement is dead! "

Lollipop Guild member #3:
"No more surprise calls at half past three! No more, 'Let's circle back' endlessly! No more impossible deadlines to meet! No more getting tossed under the bus in the street!"

Lollipop Guild member #1:
"They would ask a bunch questions and change plans on Friday after four, then ask why the numbers weren't better than before!"

Lollipop Guild member #2:
"To your face, they would treat you like family with a smile so sweet, then cut three departments before we could eat"

All in song:
"Ding do-g, the exec is gone!"

Layoffs have decreased significantly this year, but the way Social Security handles different types of post-layoff payments can impact retirees. State unemployment benefits are not considered earnings and do not affect Social Security benefits. However, supplemental unemployment benefits (SUB) can be treated as earnings if paid as a lump sum or not directly tied to state unemployment. This distinction can lead to reduced monthly benefits for those under full retirement age. Understanding the specifics of these payments is crucial for retirees to avoid unexpected benefit reductions or tax liabilities.

https://247wallst.com/personal-finance/social-security/2026/09/15/layoffs-are-down-41-this-year-for-workers-claiming-social-security-the-two-checks-after-a-job-cut-are-not-equal/

Just returned from vacation to find that the long awaited enhanced package has arrived. I don't see a bridge to Medicare in this offer. I guess I'll be staying for the four guaranteed years of the latest contract extension. I guess the company wants a bunch of sixty four year old semi disabled people on their payroll.

They aren’t even trying to hide their plans anymore. It is common knowledge that once you hit late 40’s you are toast. Good luck becoming a retiree.

It is funny talking to people who used to work at ExxonMobil. They have no idea just how quickly and how much worse things have gotten.

I retired at 65 after 35 years, and I have absolutely no desire to go back to corporate life. At least the career gave me the financial freedom to walk away for good, which I'm not sure newer employees at Xerox will have.

The South Brunswick Township Council has introduced a $1 million special emergency appropriation. This funding is designated to cover contractually required severance liabilities. These liabilities stem from employee retirements and layoffs anticipated in 2026. The ordinance allows for financing through bonds or notes. This mechanism is permitted by state law for such municipal expenses.

South Brunswick, NJ

https://www.tapinto.net/towns/south-brunswick/articles/south-brunswick-introduces-1-million-special-emergency-appropriation-for-employee-severance-costs

I don't understand the hold Rajat has on Ryan and the board, it's like the old fable The Emperor's New Clothes, our senior IT Joe parading around that AI is going to save the world, that the OpenVisaNet project is going to finally replace the mainframe... how long will it take before somebody realises Rajat is na--d? OpenVisaNet has been running for years, how much has that cost? In the meantime everybody is judged on how many PRs they submit, lines of code generated and tokens they use, regardless of them being an engineer or not. I used to love working here, but the well has been poisoned, until it affects shareholders directly they'll keep parading Rajat and his AI dream as the nirvana. Roll on retirement, if they don't get me first that is (being of a certain age my days are numbered).

For legacy Sprint employees who qualified for the pension and have been laid off by T-Mobile, were you given the choice of 1) full lump sum option, 2) small lump sum with the majority of the annuity option, or 3) annuity only?

What ka the best thing that ever happened to an ex employee

Good Luck!

But If you're still before SS eligible and not near Medicare, this offer is nothing special.

Supervisor here. There was an unspoken agreement between employees and supervisors that when people were NRE we would put them in NSI to protect the team as a whole. Most employees were ok with this. Now that NRE is gone if we put the NRE engineers in NSI they will lose their retiree benefits so we are forced to put younger people in NSI. Supervisors trying to figure out what to do as they keep taking away the few levers we had to make their sh---y assessment system work. Do the math. If two NSIs in 5 years means automatic firing there is no way to protect everyone. If you have a group of five people and everyone takes a turn being NSI, after year five you have to start firing people. This is what they want.

There is an engineer in my group who was less than a year away from reaching retiree status who was put on a PIP. She was put on a pip five years ago as well so is now fired. Fired months from being able to receive retiree benefits after more than 30 years at Exxon. Now she is fired and no longer eligible for the retiree benefits. Are others seeing this as well?

Once upon a time, WFB was a great company to work for. I worked through many bank mergers and changes. Most all team members worked hard but were recognized and rewarded fairly. In late 2019, things started changing. Layoffs, change in benefits, Severance times were reduced, etc...then the pandemic happened. My biggest regret is not seeing the writing on the wall. I regret working 12+ hours/day for days on end to meet quarterly deadlines. I regret not speaking up to advocate for others and myself. I regret not job searching early on, thinking I'd be able to reach full retirement age. at WF I regret not moving my 401K to another institution as soon as age permitted. I regret not contributing more to Roth vs. conventional 401k (biggest regret!). I regret not furthering my education to pursue other opportunities.

What I don't regret are all the amazing people I worked with over the years and still keep in touch with to this day. I sure miss the company WF used to be. The Holiday parties, office lunches, employee-family picnics, bowling and softball nights...it once was a lot of fun and an enjoyable place to work. I looked forward to going into work. Unfortunately, today's generation will never know what that kind workplace culture.

After 30+ years, I was displaced before I could reach FRA. It's been over a year since displacement and after hundreds of job applications, not one interview. Yes, I've worked with job coaches, AI, etc...but unfortunately young senior's are not wanted except for Wallmart greeter type jobs.

I loved my job and the people I worked with, received great reviews, tolerated little if no raises, but would have been grateful to say I was able to fully retire from there. I don't miss the RTO mandates, feeling like big brother was constantly watching, the micro-managing managers the last few years, constant manager turnover, and just the overall toxicity in the office. This is my last post, then I'm off this site. Not looking for any mean or sarcastic comments. I just wanted to vent and get my thoughts out so I can move on and not look back. Good Luck to all of you who are still working, especially the long-timers if there are still any 30+ TM's out there.

Anyone here dealt with health insurance via AT&T, pre-medicare, as a retiree?

How much does it cost in premium and out of pocket expenses? Is the doctor/hospital network same as that offered to employees? If you are using the AT&T health insurance, have you compared that with the ACA marketplace plans for cost and coverage?

I am MR75 eligible, non-union, mid-50s. Thinking about leaving, and the biggest worry is health insurance before medicare kicks in. Have enough savings to cover reasonable expenses, but limited physician network for private health plans is the biggest concern.

Got rumors floating around of another VSPP coming, this one a bit more lucrative and clearly geared towards the older pensioners. It might be worth sailing off into the sunset.

For the younger folks, here's a little perspective from a 40+ year guy...

I was told since 2015 that copper is going away and fiber is the future; some people even joked I would be out of a job soon. Largely, they were correct. However, here I am recovering pairs and restoring service up until my service date end next year. If anyone lives in or around California, Oregon or Washington, they have agreements with the state to continue servicing copper for about 7 more years OR at least provide some sort of support as part of the deal with Forged Fiber. If you live in those areas you still have some time left to get your overtime, stack your bank account and start looking for work elsewhere.

I urge you to STRONGLY consider getting into some trade work while you have the money to pay for it. Don't let these years pass by and pull the rug out from under you. I'm told by my buddies in the PNW that they are actively backfilling I&R, cable and CDT spots. Jump on it, make your money and split.

Best of luck. I'll be watching the forest fire on a boat with a beer!

I have credible knowledge from 2 hire ups that MO will be retiring (or forced out) before the end of the year.

I have 2 words to this new: THANK GOODNESS

If anyone has any knowledge on his planned replacement please share.

I ‘medically’ retired a couple of months ago. Stress and anxiety was getting the best of me and all because of Wells Fargo. My labs showed things drastically off and my doctor took me off work so First I went out on Short term disability, this gave me time to think about my future and what was best for me.
I was the oldest on my team (62) and totally was the target or ageism. My quality and production was good - but had one bad customer survey last summer- keep in mind I had just returned to work after 3 mos due to a surgery. It impacts the team that was working on that file. I claim zero responsibility for any fault or my own as I had just returned to work. By the end of the year I was being recognized for excellent customer service. Yet, I still received a “needs improvement” for that reason - AGEISM!!! I know Charlie wants more NI so WF doesn’t have to pay out severance. To other coworkers on the same team were on PIPS due to bad quality - yet one got exceeds and the other Meets. This is soooooo wrong. I hope my prior manager reads this or HR. They will know it’s me!!
Meanwhile, I was all set up financially to retire and have zero regrets- other than I wasted too much off blood sweat and tears for this company. They can FO

How has BMC declined so much in only a few years? I’ve worked here for decades and enjoyed it. I am thinking of retiring early and jumping ship. Is this everybody’s experience or just my luck? I couldn’t imagine being mid to early career and spending the next 20 to 30 years like this….

I got displaced this Tuesday. I have some RSU locked until 2028. Do I lose all of them?

I think the only scenarios you can vest is retirement or death.

How do I find out if I’m eligible for a pension boost at MR75? Where do I look?? Legacy Cingular here.

Earlier today Joe Russo (EVP & Pres- Global Network &Tech) announced 3 SVPs will be taking retirement. Effective Sept 14th, 2026 new leadership stepping in. More change coming ….

What is the best guest estimate as to when AK will retire?

Is there any chance at this point that RT will NOT be the new CEO?

What exactly are the benefits of retiring if I don’t plan on drawing from my 401(k) and I don’t need healthcare through the company? Am I basically just giving up my employee discount? I’m trying to understand what other perks I’d actually be getting, because honestly, I’m having a hard time seeing what’s worth spending five more years here just to satisfy the Rule of 75.

Thank god I retired a couple of years ago. I milked the company for everything I could. The benefits have now been gutted by a greedy CEO. Now you are processed by AI when trying to do your job. Stankey looks at employees like a data stream. He sees employees as a drag on the company and not a positive. This guy has done more to destroy T than any of his predecessors. This guy is 20ish stock CEO loser I would say.

So they got rid of all us retirement age folks good luck with Sam Mehta what a statement on the first month of taking the helm. Et tu Brute?

I've worked in healthcare long enough to know the odds. Making it to retirement at a single company feels like winning the lottery. Layoffs, restructuring, mergers, or whatever else, but they always find a way to push you out before you get there. I'm not counting on it.

Each passing day reveals how out of touch and clueless the new CEO has become. I dread having to go a year or so under his leadership before the Board realizes another mistake and fires him while he walks away with $10’s of millions of dollars. Was this hiring some kind of way to steal hundreds of millions orchestrated by the Board. I think everyone was shocked when a guy who ran a printer company was appointed CEO. We’re moving at the speed of a printer company now. I have a lot of retirement money in stock and I hate checking the account because it’s less and less every day.

Wow, we’re basically at all time lows. This is brutal and all my stock is worthless compared to 4-5 years ago. My retirement got decimated.

Her replacement is stepping into the role effective immediately.

Will there be aftershocks throughout finance?