I’m taking the early retirement deal and am curious how many other people are. I’m 56 with 18 years of service and I figure I should take the money while it’s being offered. Things are only going to get worse for those still at Cigna and this way the company is paying me for 9 months while I look for another job.
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Last day!!
If anyone has any insight it would be interesting to find out how many of the 3500 offered ended up taking it.
@rs what data? The data that is twisted to make a certain individual look at fault?
Why didn't they offer early retirement at the end of 2023, early 2024? Toxic, mismanaged company and I don't miss it
Where did this “new data” come from? There are tons of variables with data that can influence the numbers. People are making critical life changing decisions. Providing data without the context is concerning.
Take your money and run!!!!
@gr I heard 20%
I’m not eligible unfortunately. It’s going to be a real mess after lots of experienced people leave. It will be even more of a sh!t show for those of us left behind. Managers can only replace one role for every 2 who take the VRP.
@f4 are you in a position to attest that this is accurate?
I care as much about working hard on their my current position as the SLT cares about us, bootlicker.
@hc Agreed 👍 This could actually help people realizing how hard it is to find a job outside and work hard on their current position!
@gy That’s my plan too. Hanging around one more day is a win!
Just wondering if I’m not ready for retirement this time, do I still get the offer next time?
It would be better to make the VRP really voluntary which means to let employees to decide when they want to retire. Cigna can provide four retirement dates, one per quarter. When employees are ready to retire, they can join the VRP program, retire in that quarter and receive their severance.
I’m taking it. I’m only months away from being Medicare eligible so for me it’s a no brainer. No one else I know of that received the offer has accepted it. I do know a few folks that were exempt due to role/area that would have taken it if offered.
I wouldn’t unless you have a backup plan already lined up or have enough money to retire now.
New data shows 24% of people laid off between ages 50-65 can't find another job.
Those who do? Average 11% pay cut.
Men take 15% hits, women 7%.
The wait is worse: 55-64 year olds spend 26 weeks unemployed vs 19 weeks for younger workers.
Many settle for jobs without benefits, crushing retirement plans.
Half of older workers expect gradual retirement transitions.
Reality? 70% get the full stop treatment.
Anyone have an idea what CIGNA is hoping to get as rate of "success" here in terms of % of eligibles who select the program?
Where is the 8/7/25 date coming from as the next JE target date?
every person i know that received the VRP offer accepted it.
@fg
Cigna HR is chock full of lawyers. So don’t worry, they’ll intersperse a few younger, less tenured folks in the next JE to kinda balance things out. You know, to keep the heat off……
I am taking it! In the division I am in 27% have opted to take it out of those eligible so far. There is going to be a lot of reworking of roles and the timeline to exit the company that have to be figured out !
@f7 I really do not think those that were offered VRP who decline will then have their jobs eliminated anytime soon. Seems like it would be seen as age discrimination as age was one of the criteria used to offer the package...
@f4
“If” is the operative word here, especially with 8/7/2025 being revealed as the next involuntary JE date.
“If” you were let go later in 2025 or before the 2026 payoff date would you be eligible to receive a bonus?
@et if you hang on to next year, you have full year bonus and health insurance
@eq
Getting paid for earned PTO (that’s going away 1/1/2026).
Prorated bonus.
Heavily subsidized COBRA.
If you do not take the "package" and are laid off at a later date, you would still receive the same amount of severance, continue contributing to the 401 (k), and get matched, allowing it to grow. What's the benefit?
No need to tell everyone how their decision to not take the deal was a poor decision. You’re just trying to make yourself feel better and rationalize.
Take the money and keep it moving, Bob