#retirement

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?

Just few days after Bruce mentioned how Antonio Lucio was retiring to NY to be with his grandchildren, it is announced he is going to PayPal with Enrique. Quite embarrassing for Bruce. Lucky for HP as he only spend crazy amounts in sponsorship with no measurable returns.

A lot of folks being lead out of the business.

I found this useful. There's a course called "Late Career Financial Planning" - the slides are on the E&Y website.

When is Les going to "retire"? We all know what "retirement" for LT is. He's the worst CIO in Chevron history and is wrecking IT. He makes BB look like Superman. Bring back that pinball table!!!

• Brad Jenkins was laid off from his technician job at Intel last year.
• He's been struggling to find work for the last six months.
• Jenkins, who's in his 60s, said the layoff has disrupted his retirement plans.

https://www.businessinsider.com/intel-employee-laid-off-job-in-sixties-unemployment-semiconductor-oregon-2026-4

I called the Vz pension department a couple of months ago to inquire about who is custodian of the pension if I was to retire and take the annuity pension instead of the lump sum. I was put on a 5 minute hold. The rep told me pension obligation was sold off to Prudential in 2013 and 2023. It had to do with contractual obligations concerning Bell Atlantic and GTE. She further stated that there’s currently no plans to sell off more of it. Doesn’t mean it will never happen but for now going forward, if you retire , your pension is with Vz. If you’re bent on a monthly pension but don’t want to leave it with Vz take the lump and purchase a guaranteed life annuity. I’ve been quoted an almost identical monthly amount for a glf as if I had taken a 100% pop-up for my wife from Vz.

Bumping this from @gk+1kq2atb5s for info.

Some successful and tenured execs were on the chopping block. JM not surprised as possibly headed to retirement, but MG was completely unexpected. P-M coming up next week I heard so this is just the start.

A few years back gfs offered retirement package to employee of age >55 + 10 yrs service or >60 age + 5 yrs. HR head in townhall ever said she will prepare the detailed package and I heard people received the offer from HR. Is still available ?

New vocabulary word. PIP-tired. Forced into retirement by NSI after decades of contributing at a high level.

with the current state of the cost of medical coverage. Not just at Verizon, but nationwide. Could it be that when these multi millionaire Fox News hosts call us SoCialiSts for wanting universal healthcare here in the US, they might not not really have the working stiff's best interests at heart?

This week Microsoft announced a voluntary retirement program. While details of the offer have yet to be released, the gist of the offer is that if your physical age and your years of service add up to 70, then you qualify. At the ripe old retirement age of 47, after 24 years of service I qualify. The program is being pitched as “optional” meaning I can choose to take it or not; however, it’s unclear what happens if I choose the “not” option.

I would be lying if I didn’t say that I've lost some sleep over the last day since this was announced. Not out of excitement, but dread. I tossed and turned, questions churning in my mind…."have I aged out of tech"…."do my contributions matter"…."do they think I get paid too much for the work I do"…."will I be able to find another job"…."will I have to sell my house"…"can I afford college for my kids"…..Ahhhhh.

I had always imagined leaving Microsoft on my own terms. Funny enough, this was the language they put in the email they sent, they positioned it as an opportunity to leave on my own terms, but it sure doesn’t feel that way.

I don’t know yet what I’m going to decide, but if you feel like me at all, let’s connect, get organized and figure how to support each other and how to best respond to this unprecedented moment. One thing I know won’t work, trying to take this all on alone, staying silent, and trying to negotiate individually vs collectively. Stay strong, you aren’t alone and there are always other options.

The return box for my laptop came Thurs. I packed it up and brought it to Fedex yesterday. They scanned it, I got a receipt and that was that. Retired. By the time I got back in my car, 6 months of pay had been dropped into my checking account. No doubt automatically triggered by the scan of the return box. Considering I was going to retire end of May, I could not have imagined a better, realistic, finale to my career. I'll be getting max unemployment payments as well. If layoffs are rumored and you want out, set your attitude knob to sh!tty, let your mgr know you're not really interested in doing anything new and then hope for the best. I'll take 6 months pay, plus a year of max UI benefits over a good luck card at a retirement lunch any day. I woke up today thinking "Oh good, it's Saturday", then quickly realized EVERY day is Sat now....the Endless Summer has just begun. Good luck to all and remember:
Manage Oracle! Do not let Oracle manage you.

With Microsoft offering voluntary early retirement along with a bunch of other companies, why does CapOne not follow?

Quick way to unload a bunch of people, especially from Discover.

That's according to the media. I hope I'll squeeze in, I'm borderline on the reported criteria.

If you're thinking about retiring, how much notice do you need to give and will TD try to force you out sooner?

Just going to leave this right here….

“Our hope is that this program gives those eligible the choice to take that next step on their own terms, with generous company support”

https://www.cnbc.com/amp/2026/04/23/microsoft-plans-first-voluntary-retirement-program-for-us-employees.html

What a novel idea… accomplishing business objectives without completely sh-tting on your own employees.

You know it’s bad when you wish our executives were more like Microsoft.

Got my cobra estimate retiring early it’s like $1200 a month. Better check your fiqures before you pull the trigger on retiring early. It’s an eye opener!!
Bumping this so folks don't miss it. Too many are so focused on leaving as soon as possible (not that I blame anybody) that things like this get overlooked.

Question for those late in their career. I expected my biggest raises to be early and at some point to max out and then just keep up with inflation. Has this been your experience? What age did you max out? Have your raises kept up with inflation or are you making less each year when considering inflation as you approach retirement age?

What happened to management doing the right thing and being transparent when potential reorganization was in the mix? After more than a decade, I recently retired only to find out that my position was changing and becoming 2 positions. Had they been transparent, a severance package would have come my way - nope. They stayed silent at my expense. Made me remember it’s only a job - and I cared more than management did. Has this happened to anyone else?

I have more than 15 years of service but am in my 40s. Alight gives me the following info when I calculate my lump sum:

One-Time Lump Sum

No payment to your beneficiary.

If married, your spouse must consent.

To choose this option, you must take all of your pension benefit(s) as a lump sum. Does this mean I cannot get a lump sum when I resign?

“This option is only available to you upon termination and at your Normal Retirement Date, or immediately upon separation if later than Normal Retirement Date.”

I had a friend who passed away recently who was an exxon retiree. Their family lived into their nineties so he expected to live until at least 85. My friend retired at 61 with 40 years of service and chose the annuity. The annuity was huge and paid them nearly 50 percent of his yearly pay. The retiree expected to live at least 25 years and collect the pension but it was not the case. They only received 6 years pay from the annuity and had no relatives to leave as beneficiaries. If they would have taken the lump sum it could have been left to anyone as beneficiaries. Alight only allows spouses and children to be beneficiaries for the pension. He could have left the lump sum money to his nieces and nephews, friends or even a charity. He was in excellent health and would have lived to an old age but pancreatic cancer took him out. From the time of diagnosis to death was 5 months. Exxon and alight won. Don't make the same mistake as my old friend.

To age plus years of service equals magic number for full retirement. Employees will retire without an exit severance pkg.

I retired last year and I cannot tell you how good it feels. No meetings, no politics, no layoffs, no pretending to care about things that don't matter. I don't miss the circus at all. Not one part of it.