Rule of 75 - Three Years Ago - post regarding AT&T layoffs

Rule of 75 - Three Years Ago

This was posted three years ago at

https://www.thelayoff.com/t/Fz9NAK2

Rule of 75 rumor I heard on the grapevine that the majority of people being surplussed are those within 3 years on the rule of 75 in relation to pension payouts. For example, someone who is 47 with 25 years on the job = 73. They are more likely to be on the chopping block, regardless of knowledge/skills/performance, this is shameless age discrimination. If this is true, people who get surplussed should post their age + years of service on this forum, or some other place where they can connect. Maybe a pattern can be established and folks can file charges with the EEOC in bulk.

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I chose to take the optional retirement package, costs half of the severance after taxes. However I might not need the health benefits until I actually retire. At which point I may still need it since wife is younger.

The ATT health plan is worse than my current empty. But package allows you to keep a life insurance policy of 1-year salary for life for free. The discounts on phone service are not that good. The gold dental plan is good but getting pricier every year.

The way I see it, ATT environment is toxic and very political. I found more meaningful work elsewhere albeit less salary, still feeling better.

There are provisions within the severance plan to take surplus with half the money and then retire when you hit that year and get the c-appy retirement benefits.

I remember this post. Nothing came of it. It is still better for the company to lay people off before their retirement is too expensive. They dont guarantee you a job for life so you should always have a backup plan.

Thread regarding AT&T layoffs

Rule of 75 - Three Years Ago

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