#retirement

on tuesday after payday. coincidence?

Any chance??? I have 2 years until I qualify for retirement but not sure i can make it.... please tell me some good news

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.

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.

I’m taking this to mean Plano R&D will be impacted, and “who” will be known by Dec 10.

https://youtube.com/shorts/eoLQKlCUgHI?is=hdpU2d7NY6zUzdn2

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

For the associates who are later in their career, you probably make too much money to qualify for a Life Essential Kit, you don't need fertility coverage, you don't need child care, you've completed your education, and you bought a house, what benefits are available for you?

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.

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)

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.

I managed to escape NetApp circus five months ago and haven't missed a single day of it. Let the executives and managers play their little games without me.

Does anyone know why there are different end dates? Some are already gone, most seem to be 12/31 and a few are 1/29. Has anyone been offered a retirement package? I am still waiting for my call from
hr.

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

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?

For those thinking about retirement before the end of the year. What is driving your decision?

Lump sum or annuity? And if you are retired, have you found caution-points on either?

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.

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?

for someone who's single, lives modestly and doesn't have any major expenses, what's a realistic amount to have saved before calling it quits at wells fargo? would $1 million do it, or is $3 million closer to what you'd need these days?

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.

Seems like the organization design is mostly rolled out. It's been a long time waiting for many people, and a lot of the timelines took longer than expected. Seems to be a general reduction in roles, especially in North America, and a number of retirements. Thoughts on the status?

Word on THE STREET is that she is FED UP with the number of director and above positions and those numbers gotta come down.

Maybe time to take that informal RETIREMENT PACKAGE right the F now.

I got that straight from 'Tadpole.'

Done playing with the leadership for the day.

Other employees please feel free to continue going at them, refuting their lies and utter nonsense.

In their heart of hearts, the Humana leaders know that they are totally in the wrong.

Thoughts

Herrin is “retiring,” and Rioboli is “retiring.” When will we know if anyone else is “retiring,” or will we continue pretending we have leadership? There are a few other people I wouldn’t be surprised to see “retire” as well.

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.

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!

Getting scared my retirement is going to get smaller. If possible.

Will employees approaching retirement have an opportunity to volunteer for separation packages, or are all decisions being made strictly by leadership?

Curious on how many took it. I declined. Wife like's the security of having the quarterly cheque.

I see one post from someone urging you to take it?

Um, when John?

You’ve been making this claim for a decade.

Maybe it’s not the market. Maybe it’s you.

Retire. Please. For the love of God.

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?

Does that mean he doesn't have a f'ing plan?

What about the retirement option, what about that one. shtshow!

What benefits are there for non union people that meet the true “retirement” qualifications. The 75 ( age plus years in). Someone said there are medical benefits available at discount?

Unfortunately the oversubscriptions were denied in FAA3 and most likely in all the other areas of NY. Got the email from the company a little after 4pm. Stuck working for a while longer. Good luck to all that did get it. Enjoy your retirements.

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?

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

7 i know of let go from marketing, brand, comms. videographer gone, plans to outsource to contractor. 1 on maternity leave, 1 about to go on maternity leave, 1 close to retirement. happy holidays!

FYI the November 120% federal mid-term Applicable Federal Rate is 6.11% for those of you who are ready to retire before age 55 from this company.