What benefits are there for non union people that meet the true “retirement” qualifications. The 75 ( age plus years in). Someone said there are medical benefits available at discount?
25 replies (most recent on top)
@cf FTTP finance tech through pensions really sc--wed over dedicated employees.
Under my contract you need 30 years at VZ to get 90% covered by VZ. 25 years for 80% and 20 years gets you 60%. The magic number of 76 doesn’t matter for the health insurance. It is in my union book. My contract. Yours may be different.
If over 65, you can buy insurance from VZ but you aren't getting any breaks on the costs. You'll get a booklet in the mail during the Medicare open enrollment period. It is helpful when comparing costs.
I'm on Medicare A but have doctor and perscriptions on my spouse's plan. She gets retiree Part B and D at super good prices so I won't be getting anything through VZ.
You can check to see if there are any other discounts available for other services; I'll have to check in the near future to see if anything is worthwhile. I still have the VZ designation on my National Rent A Car account.
25% off wireless
A big nothing, unless you want the generous 25% off phone plans, but can probably get it cheaper on TMO.
@d9 thank you so much!!! I'm in case and was offered severance and last day will be 12/19/2026. But haven't even received a severance offer yet
It depends greatly on your health insurance needs. I retired after being laid off last December. When my severance benefits ran out I took medicare Part B and an advantage plan. The advantage plan pays $126 of my Part B costs and has no premium and a $3K MOOP. Of course I have to stay in network. But, by the Grace of God, i have no medical problems so it's no big deal for me. Aside from that, to answer your question, 25% discount on VZW and $10K life insurance. If you're pre-divestiture a $29 reimbursement on medicare Part B paid quarterly.
@c6 Even that was on 50% of the 2006 medical cost which is about 1k.
@d1 have you priced marketplace policies lately? I didn’t think the costs were too bad considering the quality of the plan.
@cc So what you are saying is that there are no retiree healthcare benefits. Scam. Just like when Doreen Tobin stole the pensions and bought more horses.
@c3 There is really nothing there. Healthcare costs 2-4 multiples of what you pay in Obamacare. There are no retiree benefits. Just smoke and mirrors.
Does 65 and 8 years qualify for any type of retirement benefits?
It’s rule of 76 not 75. Age plus years of service. That is for union. Management lost that benefit in 2006. It’s why many of us went back to tools.
@bz Well said!!!
The cowboy missing out. If health insurance was affordable and decent for retirement, how many of us would leave on our own accord?!
Actually there are retirement health benefits. And it is not just rule of 75. At 55 and 10 years you qualify as well. Are they worth it? Not at all. As of 2026, you and your spouse would pay approximately 42k a year in premiums. That does not include dental and vision coverage.
@OP Retiree medical benefit subsidies were frozen as of July 2006. If you did not have 15 years of service as of EOY 2007 you were not entitled to them.
Hmm...if only there was a department we could ask.
@bz that’s what I always thought too but found that document in benefits connection recently and was confused. Go to benefits connection and look at section “management retiree benefits reference guide”
30-year finance guy here.
There are NO retirement benefits for retirees.
None.
You move onto Obamacare until you are Medicare-eligible, and you lose your discounts overnight.
Learn what you can, take what you can, and never forget you are forgetable to the company. Its just business.
@bp I found something online that specifically says “management” and shows the cost for annual fees for coverage. Does “management mean non union?
you get two things, jack and s--t
@OP that 75 rule is for unionized force. We management do not get anything.
Take take take.
Retirement is the benefit.