#retirementbenefits

If they really want to lower US headcount they'd get a little more creative. if they'd just bump me up/credit me the 10 years for the retiree medical. I'd take any EOI they'd offer. As is I'm 3 years years away and holding on for dear life.

Any early retirement packages being offered in 2027?

I just got my WF Retirement Health Plan documents today. The WF Retiree HSA plan dropped dental and vision last year so it's medical only. Here are the prices for 2027 for just yourself:
HSA Plan: $1941/month
Kaiser: $1572
Co-Pay Plan: $2028
Just passing it along so you can plan.......

If you don't have pension, don't retire early. Healthcare cost is $3000 per month. Deductible is $10,000 per year.

If you do plan to retire early, before 65, then plan to move to another country. Don't live in the US. Cost of living in other countries are 1/4 of the US. This is my own experience. Good luck.

Another large corporation in Boston is having the same problem of tenured employees not willing to retire in this economic environment. They are revamping their retirement benefits to entice people to go. Not a buyout. Changing it for all employees. Heard it from the horses mouth.

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

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?

I am sure all of us are stoked. AWMs Record Year - it rocks. Now this will convert into more $$$ for us, salaries go up, bigger benefits. More $$$ into retirement plans. We'll increase benefits, you'll all love it. Let me know if I missed anything... OK... The sarcasm ends here.

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?

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.

@@@I took the lump sum - thanks Google

No Inflation Relief: Verizon's traditional pension annuity does not include a Cost-of-Living Adjustment (COLA). Over a 20-to-30-year retirement, flat monthly payments will significantly lose their purchasing power

Former Shell then former Motiva so posting here since Motiva doesn't have a "layoff" site. Left Motiva years ago. Just got an unsolicited package from Motiva to take an early pension distribution. With interest rates being what they are, I have no desire to do this. Do I need to do anything? I suspect they are trying to get people to take lump sums as rates are favorable for lower lump sums now. I do not want to take this at this time. It would totally complicate my taxes.

I could not find a Motiva "thelayoff" so posting here as they are owner by SA. I left Motive years ago and recently got a large unsolicited package in the mail with details on getting my Motiva pension early. With interest rates being what they are, this is not a good time to take the package. I have no desire to take this now. Do I need to do anything?

There seems to be some confsion on this board, I've see at least 2 posts that are off. The 401K isn't actually moving from Fidelity to Goldman. Fidelity is expected to remain the recordkeeper and administrator for employee accts.What's changing is the investment mgm side. VZ has apparently decided to move the role previously handled internally by VIMCO to Goldman, which will act as an outsourced CIO for the 401k + pension assets.

So the bigger story may not be Fidelity vs Goldman. It's VZ moving mgmt of its retirement assets from an internal investment org to an outside firm. Anyone know what happens or happened to VIMCO and the people currently doing this work?

Someone mentioned that pension credits will stop accruing in about six months, which could remove one of the reasons Medtronic used VERPs in the past. If that's correct, does that mean future workforce reductions are more likely to come through RIFs rather than voluntary retirement packages? Anyone familiar with how the pension change affects this?

Penobscot Community Health Care is implementing additional staff reductions and service eliminations to avert bankruptcy. The Warren Center for Speech and Hearing may cease operations within two months if a transfer deal is not secured. Unlimited Solutions Clubhouse is slated for takeover by Kennebec Behavioral Health, with a potential closure date of November 30th if the agreement falters. These measures follow earlier layoffs and a call for $3 million in immediate funding. The organization is also freezing employee raises and discretionary retirement contributions to conserve cash.

Bangor, Maine

https://www.bangordailynews.com/2026/09/23/bangor/bangor-health/penobscot-community-health-care-layoffs/

Someone explain to me how the pension plan works please? Got hired in 2018. No manager has ever broken it down clearly and my understanding is it also different based on the year you are hired. I know there is a projection chart somewhere but I’m curious to hear an explanation not from the website. Thank you!

Anyone here dealt with health insurance via AT&T, pre-medicare, as a retiree?

How much does it cost in premium and out of pocket expenses? Is the doctor/hospital network same as that offered to employees? If you are using the AT&T health insurance, have you compared that with the ACA marketplace plans for cost and coverage?

I am MR75 eligible, non-union, mid-50s. Thinking about leaving, and the biggest worry is health insurance before medicare kicks in. Have enough savings to cover reasonable expenses, but limited physician network for private health plans is the biggest concern.

Can you move your vested cash balance funds to another servicer/provider after a layoff?

If you aren’t close to 55 good luck ever reaching retirement.

Via Benefits is leaving messages that Wells Fargo authorized them to call me about Medicare. I did search and found them to be some sort of insurance advisory company. Before I call them back, does anyone have any experience with Via Benefits? Seems fishy, lots of companies want to “help” us Senior folks with Medicare.

Maybe they have a free knee brace offer that has a stage coach logo?!

For pension? I'd like to cash out and invest.

On July 31st, eight more high seniority CWA Leg T workers in Minnesota were offered VTP which includes 104 weeks pay for most of these union workers. This amounts to about $140k to almost $200k so it's an awesome opportunity to retire with a very sweet incentive in addition to their nice pension, 401k and medical, dental and vision benefits along with eventual social security. What a sweet ending to a challenging career with T with many years ahead for enjoying well earned retirement. And management has hinted more VTP offers are to come. Great news for workers ready to leave and move on.

John can you please tell us why the pensions rarely see an increase. Social security receives increases, teachers pensions and many others get good increases but no not with you John. You line your pockets while not giving a dam about anyone else. Your’e a washed up low value suit that has added absolutely NO value to the company. Your’e ego sickens those around you. You don’t even realize your’e not needed. Things will change for the better as soon as you are gone you goon!

I am a longer term employee who fears I may be part of the next round of layoffs and I’m not at retirement age yet. Several people on this site have mentioned a change to the pension plan for long term employees. Can anyone shed more light for those of us who may have experienced a change and not known it?

For those under 55 and leaving the company/severed, what do you do with your retirement money? Do you take the current commited value and convert to LIRA OR do you leave it there and take it as annuity in the future? Trying to understand your thought process and pros/cons.

For retirees or those who are past the age of 55, what was your net pay raises in last 10 years, what do you estimate as the net value of the retiree health insurance?

What was included in the retirement package?

I expect to get PIP’d in a couple of weeks. Are there any disadvantages of taking PIL and retiring vs simply retiring?

Does taking PIL affect retirement status or any retirement benefits?

In the hushed stillness of the modern workplace, we observe a remarkable moment in the life of one seasoned professional. After years of navigating complex terrain, adapting to shifting environments, and contributing with steadfast dedication, he now approaches a new and intriguing crossroads.

Here, we witness a Dell gray beard — poised, thoughtful — signaling his readiness to embark on a different kind of journey. With calm resolve, he indicates his willingness to accept the early retirement package offered by his employer. It is not a retreat, but an evolution. A transition from the industrious rhythms of daily labor to the wide‑open landscapes of possibility.

And so, as this chapter draws gracefully to a close, a new one begins — filled with promise, curiosity, and the quiet thrill of the unknown.

What are the age + service requirements for the retiree medical subsidy? I know I can call the retirement hotline but I reeaaally don't want to. Dash told me it doesn't know lol.

AT&T is headed in the same direction; how long it will take no one can be sure. I really want to take the annuity. A monthly deposit is extremely comforting to me. Am I being foolish in thinking AT&T will honor this final commitment? What happened to MCI Worldcom's payouts?

I was told by someone that I could have the option to retire if I am over 50, if I am laid off. Where in the packet is that offer? Does it vary from state to state?

Allow employees to retire earlier penalty free. No exit package necessary.

This past weekend, I noticed more-than-usual number of retirements posted on LinkedIn and FB. I am aware of a Canadian program driving a June decision for some employees, but that does not explain all of the postings in Houston. Are there other programs in North America with a June 1st trigger?

I heard that a guy offered the PIL had a lawyer review the terms and there were some clauses in the PIL agreement which gave EM some rights to reduce or cancel his retirement benefits.

Are there any clauses in the PIL agreement which jeopardize your retirement benefits?

The guy I heard about simply turn in his retirement notice and skipped the PIL payments.

What are the terms of the PIL?

for a January hire, when exactly does the last 40% vest? is the June before, after the new year, or after you reach the actual mid-jan work anniversary?

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)

If I’m laid off, do I need to be 55 to be considered an early retiree with benefits?

Do they ever make exceptions if you’re close to that age?

Good luck everyone. It’s wild out here.

Any of the recent VSP retirees have any luck getting your welcome packet from HealthEquity who is supposedly administering our HRA accounts? We were supposed to receive it in April, but I have yet to get anything from them. I did purchase a Carefirst plan on the exchange, so I’m trying to get my reimbursements started? Thx