#retirement

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A retiree's note to those still fighting

I'm retired now, but I lived that fight for years. The survival mode. The grind that wears you down with papercuts.

I made it out, but the battle left scars. What helped:

Guard your energy. No emails after 7pm.
Build skills. Ten minutes a day on something new.
Track your wins. Three tasks a day: work, growth, you.
Find safe connection. Outside company systems.

Keep going. Your resilience is inspiring.


Retiring after displacement

Displacement package says we can contact them after the 60 day notice period and have term code changed to retirement. Has anyone here done that and does it affect the severance payout and insurance benefits and rates during the severance period? Not wanting to sc--w this up.


Anyone else want to be on a surplus list?

I wish they would offer a package to retire...I would take it.... Tired of the bs, tired of my cr-ppy peers not being in the office and nothing being done about it, tired of lying sales people, tired of getting up early to get a desk, tired of the same lunch options, who else feels this way


I’m out!

Long Career as of today is finished. The relief is striking. I cannot discuss specifics, but I certainly do not wish to compete with you all for at least 18 months. Good luck. Stay positive. Euphoria accompanies my exit. Remain loyal to those around you; never sacrifice that for the next move.


Anyone receive certified mail?

Came home to a post office notice that Verizon sent me a certified piece of mail that I need to go to post office to sign. I will not be able to get to post office next week. (I was accepted to the recent incentive package off payroll October 11. All other information with retiring was sent by email)


ACA Healthcare Insurance- retirees

The cost for healthcare insurance has gone up each year. In 2027, without subsidies a family of 2 will pay an average monthly premium of $2800 to $3000 per month with high deductible. I am considering not to buy healthcare insurance, pay cash for the service. The other option is to move to another country to live, low cost of living, $2500 a year for healthcare insurance.


Portland Schools Announce Major Job Cuts

Portland Public Schools is facing a significant budget deficit of $65 million for the upcoming school year. This financial shortfall necessitates the elimination of up to 450 full-time positions across the district. Increased costs from the Oregon Public Employees Retirement System are a primary driver of the deficit. Declining student enrollment further exacerbates the funding challenges. These cuts will impact both administrative and school-based staff.

Portland, Oregon

https://www.kgw.com/article/news/education/portland-public-schools-65m-budget-gap-450-staff-cuts-layoffs-closures-district/283-f568164f-3a42-43e3-a55f-c7ee149f5696


Months of layoffs, is SS&C prepping to sell?

SS&C has been laying pockets of groups off for several month. Hundres at a time.
This is like what DST did to prep it to sell to SS&C.
Building security contracts also have been renegotiated. Many of these groups have no association with AI implementation.
Is Bill Stone retiring and looking to sell? Will it go to Rahul or Bill's son or to highest bidder?


Part-time consultants?

For those who took VSPs and ISPs, would you ever consider returning as consultants? What would be compelling enough for you? I’m not a decision maker, and I’m asking purely out of curiosity. I know many who happily took the package and made plans for retirement, but I also know others who were negatively impacted. My heart goes out to everyone whose lives were disrupted.


Would you walk away from Exxon: 58 with $1.5M saved

I'm 58, divorced, two kids finishing college next year (both will have jobs come July). Been with Exxon for years, currently a Well Performance Technologist. Have about $1.5M between my 401k and savings, house is paid off and worth around $600k. No loans or other debt, healthy (as far as I know :-).

I'm getting tired of the grind and don't see myself doing this for another 5-7 years.

Always wanted to teach and thinking about finding something part time, not really for the money but because I think I'd actually enjoy it.

I don't spend much and don't need a fancy lifestyle.

Just wondering if I'm crazy to walk away at 58.

Any folks here who retired around this age? Did you regret it? What am I overlooking?


Centene fails the 401(k) non-discrimination testing????

I’ve never experienced a situation like this before, so I’m trying to understand my options. Last year, I contributed $22.5k to my 401(k), but today I received two checks in the mail totaling $20,000. After contacting Fidelity, I was informed that Centene failed the nondiscrimination testing requirements for its 401(k) plan, which resulted in the funds being returned.

What steps should I take to address this? Do I have any options to dispute or challenge the decision? Does this mean that my retirement contributions from last year were essentially wasted, or will I still receive some retirement benefit from them?

I also came across another post suggesting that Fidelity may allow me to keep the funds in the account if I pay a 10% penalty. Is that actually an option?

I would appreciate any guidance on the best way to handle this situation and minimize the financial and retirement impact.


Can we have another round of this, please?

Microsoft offers buyouts to 60,000 workers but says layoffs remain an option

The company expects fewer employees to accept the new offer than took its earlier retirement package, while giving participating teams more flexibility to reshape their staffing.


I'm leaving after January

Since I'm going to leave and retire, this will be the tipping point for AT&T's massive recovery. I left T-mobile right before Randall's amazing offer which saved them back in 2010 or whenever. So I left at the exact bottom and missed the recovery. Anyway, just letting you guys know the bottom for AT&T is going to be in Feb. you're welcome!


suggestion for the company for their next retirement package offer

seriously, if you were really willing to get rid of xx amount of employees in a title, why not make the surplus number that same amount, rather than make the surplus number half that amount? This way the union can't tell you that they won't allow oversubscriptions, right?


Extension of semi retirement

SAP Germany has started layoffs by making employees that are born in 1968 and 1969 for semi retirement. Their managers are already asking them to take these offers and leave. As there is no pension grandfathering for these agreements, this is a very bad deal for them. But they will be forced to take it anyway. After HR knows how many are actually leaving and they have figured out the costs, they will start to use the lists from each area for more layoffs. My friends in HR say that the total is expected to be about 10% of the German workforce. More will be shared in Q1 once these lists are finalized. Be good to your managers because they will ultimately decide who will be let go of. L1 from each area is asked to give names corresponding to 10% their workforce. So it is going to be a bloodbath in 2027 and 2028. All of this while SAP is making more and more money every year thanks to its employees. CK retires in 2028 so he wants a big payout from these "savings". I am so mad at the CK fans who keep supporting the board despite all this. If we employees do a good job and our company is not struggling, we should have job security. It's not a big ask. Yet SAP leadership has shown that they do not care about employees. What is worse is that SAP leadership makes more money than average than any other company in Europe and for them it is still not enough. How can we stop this greed?


Retired

So I was reading company email last and see another VP is retiring! Man ain’t it ashame, when anyone else retires in the company that’s not an A$$ kisser, no email about there retirement of thank you! AT&T , what you gotta say! Sounds like Walmart for sure