#retirement

Anyone out there RIF'd in November, but also happened to be retirement eligible? How was that handled?

I was wondering if I'm one of the few XOM long career of 33 years stock holders who never traded or sold their stock mainly for NUA reasons. Invested only in XOM, S&P 500, and extended markets index. With the 170 dollar stock price I finally gave in and sold most of my XOM stock. I did the NUA and flipped 1.7 million into a Fidelity concentrated stock limited partnership for diversification purposes. Should give me close to the same returns as the S&P 500 without paying most of the taxes on XOM stock. I just paid taxes on the XOM stock with a very low cost basis, as low as 14 dollars a share.

I know and saw the projection.

Has anyone heard of GE HC "forcing" people to retire?

Any Cisco retirees using Cisco RMAP health insurance plan? Can you share the premium you are paying and how you like/dislike it?

Does anyone know who is replacing the AVP who is retiring this week? No announcements have been made.

Anyone know if you can notify your manager you will be retiring, notify HR 30 days prior and then take your sabbatical, come back one day and retire?

I know some people got laid off last month. I got laid off today. My official termination date is 6/3, so they gave me two weeks' notice. I will receive my severance pay twice a month, just like my paycheck, and three months of COBRA. I have been with FIS for over 32 years, so it's about time to retire. I knew the writing was on the wall after they transferred me to a new group last September and then shut down the project I was working on. It's too bad, as I enjoy working on that project. They said they will still contribute to my 401K in February next year. At least I got my severance pay, unlike the poor guys who got rebadged.

I am working fir Cisco for 12 years. I have seen so many of these restructurings so far. I wonder if they consider to offer ER again like Microsoft is doing.

The former CEO announced his retirement last year. Since that day, there has been a steady climb to produce a 40% increase. Coincidence?

Can't blame the war in Iran since it's only gone up a little bit since then.

Im one of the few disappointed that I didn't get laid off... What are the benefits and qualifications for voluntarily retiring??? Im not 55 yet but have been working at fidelity for 22 years....

Would love to stay on the fidelity health insurance and use my rhrp and hsa for that (adds up to 75k)

I’m considering giving notice of retirement but not sure what would happen after I do. In other words, if I were to give notice that I wanted to retire on October 1, would they fire me right away because I’ve had some poor performance evaluations but today we’re not talking about me leaving the bank. Just didn’t know if by giving retirement notice it might force somebody’s hand. Does anybody have any experience with this issue?

When you retire from AT&T now .............. do you get any benefits as a former employee .

The West Sonoma County Union High School District board finalized staff layoffs. These reductions address the district's ongoing budget deficit. The board approved 8.0 FTE certificated and 4.918 FTE classified position cuts. Seven Analy staff members were recognized for their retirements. The board also approved a teacher contract and a hate speech resolution.

Sebastopol, California

https://www.sebastopoltimes.com/p/retirements-and-layoffs-bring-a-sense

Long life PW

Hello,
I recently transferred from GLA to WAL. What's the word on the street? It sounds like Tarrytown is in a very precarious situation. Seeing a lot of retirements in Walpole - are they forced early retirements? My friends still in Glasgow still work there but they don't seem to be a part of our huge 6% loss in diognostics

Win win for both parties.

Did anyone else get an email on their personal account about qualifying for the class action for retirement accounts from 2016-2020 for Merrill

General Motors announced a new round of layoffs. This adds to ongoing workforce reductions across the Big Three automakers. Richard W. Paul & Associates launched "Big Three Retiree." This free platform offers resources for Ford, GM, and Stellantis employees. It helps workers navigate pensions, buyouts, and retirement planning.

Detroit, MI

https://finance.yahoo.com/sectors/healthcare/articles/gm-announces-round-layoffs-michigan-183000073.html

I’ve seen a few vesting-related posts, and I think mine is the most interesting one. My last day is set as May 31st, and if I work one more day, my 401(k) will be fully vested, based on the 190 hours per month rule, no kidding. it’s really frustrating to lose almost 40% of the contributions just because of one day. I’ve reached out to HR, but it seems like nobody is familiar with this situation. Do you have any suggestions on how I might be able to become fully vested?

I'll be eligible to retire in early 2027 and Finance is in the early stages of a reorg. I have 20 years with Shell and am age 50+, so my pension will likely be bridged if I get let go before I hit my early retirement numbers.

Should I unofficially tell my line manager that I'm happy to package out? What are the downsides to making this declaration upfront?

I'm 50-something years old, 20-something years of Ford direct employment, falling under the GRP. Contributory to my pension since the first paycheck I could do so.

I'd go tomorrow if the rules let me retire early, but I'm not quite 55.

Any rumors of early retirement packages?

Jim

It’s time for another early retirement offer.

Xoxo

I just realized I have 15 years until I can get Medicare. I don’t know how I’m going to last that long. Every day at WF is miserable and there are no jobs out there to go to.

I hear that XOM doesn’t like to carry the liability on their books of your pension after you leave. So if you leave after 5, 10, 15, 20 years and don’t reach 55 they offer you lump sum for your pension payment.

Is this true? If so, what do those amounts look like?

Suppose you make it to early retirement at 55 and still want to work elsewhere. Doesn’t the company have stipulations around not working for competitors after retirement? And aren’t there some big threats tied to that….like lost pension, lost unvested RSUs, etc? How does that actually play out? …has the company ever pursued some sort of benefit cut tied to this?

I have one year left until I’m vested. Is it worth it though? Personally I don’t think it is, but I don’t how 65 yr old me will feel either.

So what’s the deal with losing two senior leaders in a week? Are we finally seeing BM clean up shop before “retiring” as has been rumored for several years now? MH is probably tired of waiting to takeover.

Does that sound like a good offer or marching orders?

https://techrights.org/n/2026/05/08/Internal_Microsoft_Communications_Confirm_Buyout_Offer_Worse_Th.shtml

Just two years to go, yet every new round sends my stress through the roof. I made it through this one, but now I’m already wondering about the next. Living like this year after year is no way to treat employees.

I started with Fido when Reagan was president, now I'm retired. I've seen how they have been able to keep bad news out of the media or at least they control the narrative. Ignites is a great newsletter for the financial industry that sometimes has news before it breaks. I signed up for free using my company email when I worked there.

I was told by alight that I canceled my retirement last year when I was piped out. I took the pil in july or august last year. I was NRE but knew I was doomed so I left on my own. I got 3 months pay and left asap. I was classified as a terminee because I wasn't 55. I had to wait 90 days to get my lump sum. I turned in the paper work and waited. I got no notification about my status from alight so I called. They said I had canceled my retirement and the lump sum option was not available any more. I filled an appeal and it took a few weeks to get it approved. I faxed and mailed my paperwork to alight. I called and alight rejected my forms because of ilegible dates by the notary. You have to have a notary sign and stamp the spousal consent. Ok round three and I send off the paperwork again. This time alight rejected it because the notary seal was distorted. Now the final attempt and I thought alight was just trying to tire me out so I would just choose the annuity. I meticulously signed the forms and made sure the notary did the same. I hand delivered the paperwork to the woodlands office of alight and turned them into some one at the front desk. The main problem is that it takes several weeks for alight to process the forms and their website is terrible. It says processing for the longest time and then at once says rejected. Once rejected you have to start the process all over waiting for them to mail new paper work. Another stupid thing was all my correspondence was going to my work email which I had no access to. Finally I got my approval and my check. I actually got a few more thousand dollars because my retirement was postponed by a few months. It was a real pain in th a ss kind of like exxon forms and approvals.

Multiple departments in retirement area. 100 plus most jobs are going to india to gcc.

Not talking about some C-Suiter who sent out an email about their new chapter in life, but someone you actually worked with or "adjacent" to (or at least in your building). I have over 10 years with VZ and can only name 2 people. Plus one more who took VSP at the time they were about to retire anyway, so make it 3 people who actually retired. What does that say about VZ?

Out: Monica Hammond (“retiring”)
Out: Chris Paul. (“Pursuing other opportunities”)
Out: Richard dalton (“pursuing other opportunities”)

With a heart full of appreciation, l want to say a BIG THANK YOU to our amazing CEO, Vicki Hollub. Thank you for all you did for Oxy’s employees. Thank you for more than doubling Oxy’s production and for your wisdom and foresight in lowering Oxy’s risk in the Middle East and increasing U.S. domestic production. You’ve reshaped Oxy to be a premier oil and gas company. You’ve taken the lead where others are afraid to step into. You are the first woman to Lead a major oil and gas company in the U.S and you didw a terrific job. You’ve also stabilized Oxy (no massive layoffs) which has allowed talents to focus more on their jobs rather than worrying each time the price of oil goes down. Words cannot express how much you did for Oxy as a whole. I wish you long life and the best in your retirement.

After nine years with cvx, I am planning to move on. I just have a perhaps stupid question: since our pension is vested after 5 years of service, will we get all the lump sum number shown in total awards webpage if we choose to take it out? and if we choose to let company manage it, the number will continue to grow as we approach 65 right?

Sounds like she was pushed out.

She is 64. Will she retire soon? Maybe things will get better then? 🤞

Anyone notice that all the employees who have completed 40 years of service at Citibank are being let go as a long service reward?