#retirement

The last few years of your career should be your best and most enjoyable as you are supposed to be in roles where you can mentor for succession planning to keep your investment in the company and stock prices continue to rise. XOM has now made those people a target to eliminate. I see senior technical people retiring and some surprisingly resigning before retirement eligibility in a company that is already stretched for talent and experience. Once they get rid of the NRE's which is evident in their plans, there won't be anyone to pass on the practical knowledge on to the next generation. But, do they care?

Mike Garrison is leaving BD “retiring”, the projects are not doing well.. what’s happening to that business? No leaders can stay

Coming to a Bank near you. In fact, it is already here. Expect more love in the coming months. We are all owners. It's our culture and our people that make us special. AI and P-M are transforming our company. Always do what's "right" Rah Rah Ray Blah blah blah....

I met with a high level and well connected employee recently to try get some answers about my ultimate potential. This person works with D&S for my job family in succession planning. I was very honest about how I don’t see a future with ExxonMobil. The person tried hard to basically convince me that the pension is worth sticking it out for since I have put in two decades with the company already and am in my forties. The person then went on to describe how in the not too distant future there won’t be any employees at EMHC left other than those who are still needed to mentor the BTC. The person made statements like you are old enough and close enough to retirement that you can make it. My takeaway was the future for old people is to train India to take all the jobs. The future for young people is to be fired. I suggest young people wise up and leave before you are fired and that old people decide if this is the future you want to be a part of. I do not.

The only people I know who aren't job-hunting are the ones who can see the retirement finish line. They hate it, but they're hanging on. One colleague is less than six months away, he'd love to be laid off, get a paid summer and unemployment. I keep telling him they won't do him that favor. But I get it.

Pretty much was biding my time and hoping to get rif'd last year. Collected my max severance pay and cashed out 30 years of stock at it's peak of $345. Retired now and living my best life...thank you Oracle and sorry for those of you sticking it out at the current stock price..

Seeing lots of longtime people suddenly leaving most VP’s. Did they get laid off and got to stay longer than the others? What’s making them retire all of a sudden?

A new agreement has been reached between UPS and the Teamsters union regarding driver severance packages. This settlement resolves a conflict over a controversial voluntary buyout program. The deal limits the "Driver Choice Program" to 7,500 drivers nationwide, offering them $150,000 for early retirement. Buyouts will now be awarded based on seniority, prioritizing long-term employees. Union leaders stated the agreement protects workers and contract rights, while UPS affirmed it supports employees during operational changes.

Louisville, Kentucky

https://www.wdrb.com/news/business/ups-teamsters-union-reach-settlement-on-driver-severance-packages/article_5c3d580d-0787-49dc-bdd1-6ea3503ad594.html

Does VZ allow retirement-eligible employees to decline a rebadge so they can be treated as if it were an involuntary separation and retire effectively, preserving all the retirement benefits?

Hopefully someone here has first hand knowledge.

Why do some announce they are retiring but you can tell it seems forced? Does upper leadership tell these people they are being laid off and then lie to everyone about the real reason? I have seen this in at least 4 people in the last year. At first I thought confidence but it doesn’t make sense, especially with departure date. Anyone have insight? How is it legal to let someone say they are retiring when they are really being laid off?

Everyone will be notified of their PIP/PIL options by Friday, August 14. Age protected individuals >40 y/o have 21 (business?) days to make their decision, essentially September 15th if you include the labor day Holiday. They want everyone off the payroll by December 15th due to the year end Holiday closing of the financials. For anyone that is > 40 y/o and given the choice of PIP or PIL, what should they do? Without hesitation, anyone that is not NRE should seriously take the message that they will not ever get to their career goals or retirement. You will never be sponsored or in the clique/club. Anyone that is RE should take the package immediately to take one for the team per se. Anyone not yet RE should realize they have no chance next cycle so maybe take the PIP or not, depending on their own situation, but what does that mean if you have 1-3 years left to be fully retirement eligible? It all depends on your supervisor. Yes, your supervisor controls your destiny. Obviously, if you are NSI, you don't have a good relationship with your supervisor, so chances are, you will not pass your PIP. There is a cap this year on how many people pass their PIP. So, if you are 1 year away from retirement, and they have not met their PIP pass %, you might have a chance to make it since it takes 2 NSI's, but they still need to make their cap on PIP success%. If you are more than 1 year away from retirement, you will have to get under your supervisor's desk to survive and they still have to meet their PIP success %. Personally, I think I would just move on. Life in that stage is not worth your dignity. Don't hate, just put it in your back pocket and watch how all the worker bees start dying off while the company just manages contractors. You will still reap the benefits of the stock.

I'm staring at a 401k that took a hit, no retirement in sight, and a skillset that feels outdated. The company I gave 18 years to is shedding people my age like dead weight. I'm terrified. I can't afford to start over at entry-level, but I can't compete with graduates who'll work for half my salary.

I retired from T and I got a better deal on a cell phone from mint mobile. I went looking ...................... before they cut me off my copper land line .

This is a time where rumors say more than facts. HPE pushing people out the door?

I have spent 30 years at Intel and have accumulated about $7M with no liabilities. I am early 50's. I guess my issue is I don't feel $7M is enough to retire. However, the RTO has removed my joy and I keep feeling like "why do I put up with this". I feel like I am doing a great job, but otherwise no longer have ambition for more promotions.

For awhile I was looking for other jobs, but now that the stock is up, I have another $1M if I just stay 2 more years. Do most of you feel the same way?

For those under 55 and leaving the company/severed, what do you do with your retirement money? Do you take the current commited value and convert to LIRA OR do you leave it there and take it as annuity in the future? Trying to understand your thought process and pros/cons.

I don’t feel like giving any notice as this is definitely my last job. I pretty much already know the answer but I am curious about the responses: can’t I just quit with no notice? If I was in my twenties, accounting degree, “working on my master’s”, and knew I had decades to work with no social security and so forth, yes- give notice. But why me? ;)

This is a very volatile industry, whether you survived the layoff(s) or not, we constantly need to reinvent ourselves to remain competitive, unless you're lucky enough to retire. I've been in the industry now for going on 30 years and have seen CEO's come and go. Seidenberg, Lee, McAdam, Vestberg and now Shulman, all got their cut and moved on. Take what you can from the experience and reinvent yourself, here or somewhere new. Life is too short to let these companies dictate your life to you. Peace to all

For those affected by this site closure happening end of summer- whats your plan?
Going to city?
Looking for work elsewhere?
Already found something else and much happier where you are?
Retirees good for you congratulations 🎊 but this is directed toward those who cant retire yet. Thanks

Is this a coincidence or was this part of the mass layoffs?

For retirees or those who are past the age of 55, what was your net pay raises in last 10 years, what do you estimate as the net value of the retiree health insurance?

As reported in the NYT this morning. Gail took full credit of course, but I could just envision her thinking “these RIF’s are working great! Gotta kick it into high gear”. Glad I retired a few months back and out of that stress.

Sadly it will probably be the regular one.In which case there maybe a few that are planning on leaving soon so they will benefit.But the rest who are not close to Medicare eligible will stay the next 4 to get closer to that age.Me being one !!!The current medical retirement disaster was one of the biggest mistakes of the last few negotiations on the part of the union .Probably right after the worst one deciding to give up new members pensions.I remember adamantly saying no way to both issues .While most of my brainwashed fellow members kept repeating what the union told them that we will get it all back later when things are better with economy and people are more on our side .Ya right.I will say union wise it has provided some job security and little better treatment then being non.We have also watched the mismanagement within the ranks become a neutered company run union .Wishing luck to all my long term buddies that you get that big Eisp your waiting for but sadly it may be more disappointing

Curious if anyone has received their 401k settlement deposit. If so, are you still an active employee, or are you a past employee with a still-active Empower 401k.

Hello from the otherside. Just wanted to reach out to y'all and see what kind of rumors and info we can swap.

Big thing for us this last week was our 3% automatic retirement contribution was canceled, and now all vacation time has to be used up by 12/31 every year or you lose it. No vacation time rollovers.

The rumor behind the vacation change, is that there will be big layoffs in Q1 2027, and this way they don't have to pay out the accumulated time.

Severance here (from a round in 2025) was 2 weeks per year of service, unclear on upper end caps and 1 month of benefits.

What are you hearing on your end?

What was included in the retirement package?

"The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman."

Comrades, I urge you to take the retirement buyout for all International employees. The UK Workplace Pension, French Plan épargne Retraite and the US 401 are fully funded but the International is not. This will be offered once before we freeze and cancel the International Plan. You have been forewarned. Offer expires in August.

RTO is working!! Way to go, John. You’re an absolute genius!! TDPs and real talent leaving at the most alarming clip in history, and all that’s left are the soon to be retirees. My, what great policy you have! Who wouldn’t want to work at a concentration camp like this?

Just retire already, you su-k, worthless POS.

When Chris Leahy became CEO it was all downhill after that. Krasny was the best leader ever at CDW.

Current management does not care about employees. Layoffs happen at a time company finance is healthier than ever. No warning, no cause, just because... Those unfortunate's today could be your tomorrow. Your above and beyond means nothing. Retire in place, do bare minimum, go to a different company if they offer better opportunity... then you won't regret sacrificing your own time for management's bonus stocks.

We at Fiserv are so grateful that the the empty suit, cowatd Mike Lyons has moved on. He destroyed the retirement accounts of so many people, was the master of vapid nonsense- coordinate, collaborate, execute- blah blah blah. No work ethic, lazy and entitled- good luck Truist

I expect to get PIP’d in a couple of weeks. Are there any disadvantages of taking PIL and retiring vs simply retiring?

Does taking PIL affect retirement status or any retirement benefits?

Is anyone just waiting to be laid off when you reach 62 ish? At my age, and being so close to retirement, that fat severance after a long career doesn't seem too bad. Just feel as if I am playing the game.

Yellow Corp. suffered a major loss in its bankruptcy proceedings. The U.S. Supreme Court preserved a finding. This finding requires the company to pay billions in retirement payments. The defunct trucking company also dodged WARN Act liability. This liability was related to its 2023 layoffs.

https://medcitynews.com/2026/06/healthcare-moves-layoffs-retirement/

This is NEVER a good sign for a company that is doing as poorly as T. Look at the history of what happens after a CFO leaves a burning building. Getting bounced right now so you can quickly liquidate you pension would be a blessing.

In the hushed stillness of the modern workplace, we observe a remarkable moment in the life of one seasoned professional. After years of navigating complex terrain, adapting to shifting environments, and contributing with steadfast dedication, he now approaches a new and intriguing crossroads.

Here, we witness a Dell gray beard — poised, thoughtful — signaling his readiness to embark on a different kind of journey. With calm resolve, he indicates his willingness to accept the early retirement package offered by his employer. It is not a retreat, but an evolution. A transition from the industrious rhythms of daily labor to the wide‑open landscapes of possibility.

And so, as this chapter draws gracefully to a close, a new one begins — filled with promise, curiosity, and the quiet thrill of the unknown.

So nice to get the VTP news on June 15th. There are 26 of us union workers here in Minnesota happily accepting up to 104 weeks voluntary termination pay. This is a totally awesome incentive to retire.

So very nice to have gotten the VTP news on June 15th. There's 26 of us union workers here in Minnesota getting the voluntary termination pay up to 104 weeks. This is such a sweet incentive to retire.