#retirement

Who all received the voluntary early retirement package? Usually this happens when they are trying to get volunteers before implementing a layoff! Word on the street is they are in financial trouble and need to cut costs ASAP. Can anyone confirm?

After many years of loving my job at Cigna I decided to retire this spring after seeing signs of no new projects, managers caring less and less and everyone living under the constant threat of being laid off. I still care about all my ex colleagues and friends and I wonder what the end game is here, is it to totally make all Cigna managers non local ( indian) and try anf replace the experienced workforce with HIH employees ? It will fail. Its already failing. 2026 had hardly any new projects and it sounds like 2027 will be the same. May the force be with you all and F HIH.

Can someone please let us retirees know when is the Beauty extra discount please. The one that is around Black Friday. Not on Black Friday I know. It's the one that is 40-50% discount. Not the F&F 15%.
Thank you.

Let's say I am 58 and modest spender. Solo. How much would I need to retire from Dell?

It’s looking like Enrique is cooking up another dud quarter for Q3. Given the incompetence of himself and Jaime Miller how much can we expect our retirement to drop? I’m bracing for 10-20% loss but wondering if they will lose more market share.

Lays offs are happening this week at Voya. Just heard from my peer that they were layed off and more to come on the retirement side.

Does anyone know how early retirement works? I’ve heard it’s if your age plus years of service is over 70. Can you ask for it or do you just get selected? What’s the exit package usually like?

When a Chief, a Business Agent, an E-Board Member, or a Local President retires from the company craft, that they haven't actually done in years, from their employer, do they still go on su-king at the te-t of the union members dues even after retirement from the role they are supposed to represent?

I have no insider information but another week and I keep seeing people across the board in the organization (mostly those who are financially independent or can afford to retire) writing good bye messages on LinkedIn or announcing retirement. 3 new cases again today, and I am one guy.

I understand that they over hired during the pandemic and need to slim down. However, this method of cutting people and pushing them to call it quits is going to hurt this company in the long run. We are being asked to operate as if some people who have been here for a while are not going to be around in Q1 next year. I don't think they'll need to do another RIF, they're counting on people quitting voluntarily.

Please share these types of developments of you are seeing them around you as well.

Lumen is retiring all the Copper in 20 communities in Iowa as of Oct 18, the Des Moines metro and Cedar Rapids among a few others.. that’s pretty so the two largest metros in Iowa.. copper is all done.. Bye Bye..

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Remaining in Houston isn't just about staying put; it's a strategic decision to anchor your retirement years next to the best medical care on earth while legally protecting your retirement income.

The recent conversation at the Wells town hall about G for life does not apply to the opposite gend. Most Gs fems are speed tracked, exactly told what to do to progress, minor routine things are highlighted as major accomplishments, and G to F in 3 years or less for these gend. Jim O could have just said this retirement at G applies to men only, while we see so many incompetent F and E every day.

For those planning to get outta here before the major reductions at sites in the next year, does the month counter for 401K vesting go up on an anniversary date or month end?

Seriously - They come out with a retirement offer for craft and then they deny people with close to four decades seniority from taking it? And if you're management you have to worry that regardless of the job you're doing, you might still get canned in order to bring the stock price up a few bucks? The decision makers up above us really have a cruel streak in them.

There is a lot of talk about retirement eligible employees leaving this quarter. If you are not retirement eligible but are considering leaving, you should talk to your financial advisor. Your financial outlook may be better than you think. Many people are waiting to turn 55 to retire. You may want to consider another number. How much money do you need to retire? When you hit that number you have an option to retire before 55 on your own terms. Yes there are things to work out like medical insurance but that is also possible. Your financial advisor can give you contacts to help you navigate this path.

The 1Q27 lump sump will be 3.8% less than 4Q26.

If you are over 60, you will be working for free for Jan, Feb, and Mar. Further interest rate increases mean more months work for free.

Leave by Nov 30 and set Dec 1 as retirement commencement date.

MDT Benefits has been thoroughly useless in answering this question, so trying here: I was RIF’d and on the old pension plan expecting one last contribution from MDT in May. Will they contribute it pro-rated? Or just another reason I was on the chopping block?

So saddening that a lot of people who put in for the offer have been denied.Hopefully for them the union can negotiate the company to extend it to the ones that have been denied.I cant imagine the company not letting every single associate that put in for the retirement offer leave

Now that we are under a system of favoritism, segregation and inner circles, it only makes sense to reorganize the dinning area as the high school hierarchy we now have in place.

Of course we have your typical cliques of jocks, boasting about whatever toys they got, or how their portfolios are doing. The saps that check their emails during lunch, unsuspecting their fate, as many others that have pulled their weight, just because everybody else looks bad. Not to mention those who hit and run with take out orders in hand, rushing back to their lairs to do what they do best: Nothing!

Just stay away from the HSERS table while they have their daily pow wows, plotting against their next victim, just to keep looking good in front of their master.

What brings us to yearly bonuses.The numbers are done, the checks are signed and the fates are sealed. In a nutshell, the gifted will win bigly, and the rest should be happy to still be around, not lingering in the hallways as a sorry memory of days past.

You see, you are back to the purgatory called high school. You never paid your dues. You are in bondage, dreaming of retirement, always watched, always followed, always judged and never in peace with your own thoughts.

I never planned to retire early but after seeing how others are treated I am going out on a high note rather than waiting to be put in a PIP and forced out. Goodbye everyone!

PS: rising interest rates also helped me decide to leave.

There are a lot of VZ people who really have no clue and should talk to a financial advisor well before you are thinking of retirement. Trust me, it won’t hurt and you will get very informed.

I have decades of experience at State Farm and literally if there was an embodiment of what toxic mismanagement is - it’s injury demand D1. I swear every time I try to have a glimmer of hope this company does something else to kick you while you’re down. Maybe 10% of management actually cares but when section and claims management shoves a ruler up your you know where to make you work harder. My mental health is completely deteriorated. If I can retire soon I intend to. There is no worst place to be.

Retiree healthcare support is essentially a bad deal. Part of the VLO bait and switch.

Although there is a “benefit”, based on years of service, the goal is to get the retiree to move on, to save the company money.

The primary plan is Medicare Advantage, with a $0 deductible. So, you can imagine what that monthly premium costs. Of course, the plan is actually designed to support the executives, who have retirement supplements and a lot of money (part of the VLO cult).

And even though you have a “benefit”, based on years of service, once / if you leave the plan for a better annual option, you can’t return, ever. Meanwhile, the executives enjoy the $0 deductible.

In summery, a VLO technique to drive the normal retired worker away, save the earned benefit cost, and of course, support the executives. How do you spell cult?

How many of you will jump ship before December 1st to avoid the interest rate increase?

For retirement eligible, coming to work on the first of December has a huge cost. Staying another 3 months past that potentially another big cost.

Each quarter you stay, you lose more than your salary, so essentially you are doing volunteer work.

Everyone that is eligible should give notice immediately and beat the December deadline.

• Commonwealth University is facing a roughly $17 million structural deficit and has warned that job cuts may be needed if the budget is not brought into balance. University officials said reserves that once exceeded $100 million have been depleted. Pasted text
• President Jeff Osgood said personnel costs are the biggest lever available. The university expects to reduce staffing by about 100 employees by June 30, 2027, bringing total faculty and staff down from more than 1,300 to roughly 1,209. Pasted text
  Leadership hopes retirements will reduce the number of forced layoffs, since more than 25% of faculty are retirement eligible. Management is also giving up a planned salary increase as part of the cost-cutting effort.

https://www.mytwintiers.com/news-cat/education/commonwealth-university-announces-potential-job-cuts-in-meeting/

applies to jerry? asking for a friend.

Will the company let everyone who put in for EIPP leave in October. I sure hope they honor everyone's decision.

lets focus on finding out the secret AI proof skill that helps the retired guy in India Hyderabad IDC get extensions.

Everyone should start preparing for a backup plan whether it’s retirement, taking time off or applying for other companies.

Given the massive layoffs of this week that happened in Surgical, things will keep on evolving for other business units as well. Their plan for Surgical is simple cut down the Hugo crew and make Hugo US only. And the new low cost Chinese robot that medtronic licensed will be used to compete with intuitive OUS.

This is the first time they had massive layoff after the May season since 2020 when they did the OU structure

We work in Santa Rosa and there will be massive layoffs incoming there too by January when the site will be shut down for good. It’s literally like a ghost town here where they made announcements cut back in May.

All veteran leaders from Cardiovascular are gone. They saw the writing on the wall. Only Afib business is bringing all the growth and that is also slowing down, Moving forward look at what happened to Boston.

This company is a sinking ship and the stock price reflects that. So better prepare on your own term and then you will be unaffected whether or not you get a business email.

I am noticing lot of fellows are retiring from amd. Is this a forced retirement? Generally if the stock is doing well why retire ?

Amd fellow is the easiest

Anyone has insight on next RIF in N&T since recent org changes and major N&T left as Retiremnt(forced)???

https://www.reuters.com/legal/transactional/wells-fargos-chief-risk-officer-derek-flowers-retire-2026-09-23/

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Wells Fargo's chief risk officer Derek Flowers to retire
By Reuters
September 23, 20261:41 PM PDTUpdated September 23, 2026

Illustration shows Wells Fargo logo
Wells Fargo logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
Companies
Wells Fargo & Company

Sept 23 (Reuters) - Wells Fargo (WFC.N), opens new tab said on Wednesday its chief ​risk officer, Derek Flowers, ‌would retire in mid-January after nearly three decades at ​the US banking giant.
Flowers, ​who started at Wells Fargo ⁠in 1995, held ​various roles at the fourth-largest ​US bank. He has been the chief risk officer since ​2022 and will be ​succeeded by Chief Operating Officer Scott ‌Powell.
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"Derek ⁠played a pivotal role in strengthening our risk and control framework and ​fostering ​the strong ⁠risk culture that positions Wells Fargo ​for continued growth," ​CEO ⁠Charlie Scharf said.
00:00

01:06

Wells Fargo plans to name Powell's successor ⁠in ​the near ​future.
Reporting by Arasu Kannagi Basil in ​Bengaluru; Editing by Shilpi Majumdar

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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.