Got to love how AT&T has this fictional 75 rule for retirement. They totally skip the at least age 60 and at least 15 years in service. I dont qualify because I dont fit the at least 65 years of age with 10 years of service, not the at least 55 years of age and 20 years of service. Nope I am over 15 years of service older than 60 but not 65. so I am get screwed. To me this looks like age descrimintation because the 60+ is left out of retirement eligibility. Anyone else in this boat?
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Got to love the person that tries to justify a gap by saying the 20 year person at 55 & the 10 year person at 65 are both career persons but a 15 year person at 60 is not. Who is the arrogant one here? NOT I. So go tell Daddy Randall u tried to stick up for him but failed miserably.
Pretty much figured it was ignorance. To each their own, Dumba$$.
AT&T probably considers those with 20+ years of service to be career employees and provides them the opportunity for early retirement (before age 65). Those with less service have to wait until the normal retirement age of 65 and have at least 10yrs of service to get those benefits. At least the opportunity is there for those with less than 20yrs of service to get retirement benefits. I don't recall hearing of any company that provides early retirement to someone with 15yrs of service.
Actually I don't have a problem spelling 3 letter words A–. When you chat on line you use 1 letter to save characters. Nothing to do with spelling or being lazy. Any way the person that posted the last post on the xx/xx blatant 60/15 being left out gets it. You got any insight to why that was left out?
Some of you with the smart a– comments seem to be missing the point of the OP. The MR75 has a blatant gap as it relates to the ‘60’ age with less than 20 yos. 50/25-55/20-XX/XX-65/10. Logic would dictate that the XX would be the 60/15. I’m genuinely curious why that would not be part of the MR75? Any insights?
But yet, you have problems spelling 3 letter words. Either too lazy or too ignorant.
So that is how u justify it. A person at age 52 with 23 years gets surplussed. That person still qualifies for mtp. But alas u miss the point. ATT has a 10 20 25 and 30 year retirement eligibility process the only one not eligible is 15 years so someone gets hired at 45 and works until 60 has 15 years service gets nothing that is no different than a 55 year old getting hired and working 10 years and getting retirement. THat 60 year old person would be just as happy as the 55 year old if they got a retirement as well. Now I paid the price for my medical. I have seen things your probably have never seen. I put my life on the line and spent time away from my family a lot not getting to watch my daughters grow up. So I paid a price for my benefits something u probably have never done. Proud to have served 23 years.
In Legacy T occupational, there are ways to make it to retirement in a layoff situation when short on age (up to 3 years) or service (if shy 1 year or possibly more). There the extended compensation, where, for the weeks of severance pay, one is treated as an active employee. Service continues to accrue. An alternative is Special Leave of Absence which is good for 2 years of age only. The key is, after the end of either Special Leave or Extended compensation, if the employee is short by one year of age and/or service, then they can elect Transitional Leave of absence and make it.
So, age 62 with 9 years would work in a layoff situation (Special Leave + Transitional Leave). There are combinations that will work, depending on the contract or job title.
You were hired as a new employee and your gripe is that you don't get retirement benefits with 15 yrs of service? My guess is that that would have been the case at almost every other company that you could have chosen and the MR75 rule has been in place since before you started.
Retiree benefits = Completely overrated.
I know it varies depending on Legacy company and management/ non management, etc...but I hit MR 75 this year as management, Cingular.
Have not been on company medical for years. The rest of the "benefits" are so expensive I won't be using any of them when the time comes, either.
Do you qualify for the Management Transition Plan (MTP)? Employees who have not yet reached eligibility for retiree benefits but are within 24 months of eligibility for retiree benefits under the health and life insurance benefit plans in which they participate at termination, may elect either (1) eligibility for retiree health and life insurance benefits, retiree discounts on AT&T products/services and 50% of the severance pay for which they would otherwise be eligible, or (2) 100% of the severance pay for which they are eligible.
I've never heard of the Rule of 75. For as long as I can remember it is the Modified Rule of 75, with specific ages and years of service specified in order to qualify for retiree benefits. It wasn't a mystery on my first day of employment, or when I retired, with benefits.
@aua, technically.. all those people with 19 yr between 56-64 yr need to survive one more yr. It the guy with 11 yr at 56 yr. who is stuck. He needs to reach 65 yr. Company or Fidelity needs to create another step for 15 yr service at 60 -65 yr.
The key to AT&T retirement is either reaching age 55 or 30 years of service. Otherwise you don't get your full pension. So 25 years of service and 50 years old would not be ideal; in that scenario I would suggest trying to stay until 30 years. Or if you were 25 years and 54 years old then wait until 55 years old. Also, 20 years with the company is key for many of the health benefits. My wife retired from AT&T and I am a financial advisor with a lot of AT&T clients.
Interesting so if you work for at&t and are between the age of 56 to 64 but have 19 years or less you dont qualify for retirement because you dont fit at&t 75 rule under their discriminating criteria? Wow another one of at&t's just rewards to their workers.
Yea I am retired military so dont need at&t's damn discounts. Just a shame they find ways to screw their employees.
Just now figuring that out? Sounds like another call to the wambulance.
It’s all fiction.
Seems like a raw deal especially when you consider how many former or retired military came to AT&T in their late 40’s and 50’s
I got lucky, 20 yr at 57 yr old. Yes I agree, any with 15 to 19 yr got screw if they are less than 65 yr old.