Thread regarding State Farm Insurance layoffs

@1qxd-so you really can’t refute what they said-you are just going to insult. Brilliant.

@1gfc Boy! You're high on that corporate kool aid. I love it when someone fights a losing battle. Everyone has and is entitled to an opinion no matter how far out there it is. Products of a failed education system.

So, you now have more flexibility at the end of your career and that is being described as a bad thing? This site attracts the most pathetic people in the organization. All dim witted conspiracy theorists. Yes, the entire world is,out to get you. There, now it makes sense.

The pension change is a big deal and I'm surprised that hardly anyone has noticed or committed. Most have no clue what it truly meant! State Farm is taking steps to eventually freeze and or buy it out for the few remaining tenured folks. They have pretty much run off all the tenured folks in claims or made them retire early so this time it is U/W that will get the sh-t can! Run them off when they automate their jobs away over the next couple of years as Tipturd talked about today in the Exec briefing. I hope the U/W folks are smart enough to read between the lines today..a lot of claims employees weren't!!! Plenty of useless pure sh-t U/W DMs, SMs and TMs that really need to go and should have retired/fired a long time ago!

12. Robert Yi a retired executive…aka a failure….created the model that sf operates under today…but wait…we need 3400 new claim reps and 240 estimators…..really ? But hey we grew new over 2 million policies and our ceo got $20 million in mip money working in a mutual company…….

When people engage in namecall and character assasination, they are inciting violence. Law enforcement should be notified.

@1noy, I have been surprised that no one has commented on the latest change to the rules surrounding the retirement plan. It has to be designed to entice one more small layer of long tenured employees to go without any additional cost to the Company.

@ohd-I am guessing you predict weather by looking at caterpillars?

@quf the change that may entice some to leave earlier is you can enroll in the retiree medical coverage but not take any distribution from your pension. The original rule was to get medical you have to take your pension immediately. If you deferred taking the pension you did not get medical coverage either. It allows older employees to start a second career and leave the pension until age 62 to take it without being reduced.

@vkr much better? Not the idiocy I see from some of the younger generation. You mean the ones who take out loans and expect me to pay for them? The future is real bright with that nonsense. That's holding to their word.

What changes did they do to the pension to get people to leave? I am worried about them freezing the pension and having to leave early, my spouses health insurance is like $1600 per month unless we are eligible for Medicare.

Yes-it is much better. Check any source. Your answer just reinforces my point.

@tqi and you think the suburbs and city education is any better? Education the past 30 years has been a joke.....you can buy a diploma nowadays. Just ask SF.

Bigot Farm hates the chocolate.
https://www.nytimes.com/2022/03/18/business/state-farm-fraud-black-customers.html

@blb-so not my post but what exactly did he get wrong? BTw, overwhelmingly new employees prefer a portable 401k vs a pension. None of them are planning on retiring with SF.

@tjg You know you lost the arguement when you namecall and character assisnate. When you are factually wrong, be humble enough to admit it. It builds character.

Correct. The new workers get an enhanced 401K DS. Nothing evil about that except your tiny little brain.

@ihz More BS and evil. None of the new workers get a pension. Who made the money on that deal? See how they can be deceiving.

They didn’t take away the pension from anyone that already had one DS.

Let's get something perfectly clear here. Management always wants to make it sound like they are giving you something for free to make you feel like you are underneath them. Management gives you nothing. You earn it. So as far as that pension is concerned, we worked for it and deserve it. They have now taken it away. Remember --- nothing in life is free. They want to make it out like the "give it to you" but that is shear nonsense. Look at what they have taken from you. A lot more for them and less for the worker. Don't believe their rhetoric for a minute. Evil is very deceiving.

@mcv and @zqg Boy the truth hurts you. Definitely one of those that reverts to character as----------n and down talk. It is a reflection on who you really are. If you believe the OP is wrong, address each of the issues they point out rather than badger.

Spot on! Tipturd only has 2 more years until he is 65 and retires! He came in on a transition and will leave that way too. U/W is next on the chopping black with all the mod work and Ohio getting rolling. U/W has been shielded from what claims had to endure but start doing your stretching exercises, as here it comes!

A little too longggg but pretty much spot on. I saw an email that said one of the CMs was being pulled out to work on the "end to end" customer experience in claims. That means a new model is coming! My TM was not selected for a new TM role but said the ones that were didn't have a choice where they were going and just placed. I've heard that the AI, the new CCC platform, CHIP, and other things they were counting on did not give them the boost they were expecting and are just hiring back the people they ran off. When the tools get better they are just going to do another transition and layoff. No more of the ...your job is going away in a year from now cr-p.... they've done in the past. It will be just layoffs. They are talking all nice and caring now...but we all know that changes like the weather!

This is very true. It is sad that the one's who drank the kool aid don't see their game, believe and trust them when in reality they are a very mean bunch who live in their greedy elite world. They are getting bold with their policies and I hope to see the day they regret it.