#pension

If you aren’t close to 55 good luck ever reaching retirement.

I recall seeing a post on this forum a while back where there was a government website that listed all the positions that ExxonMobil has had to pay the $100K visa fee for that were posted and the salaries for those positions. Does anyone have that link? One of the positions I recall was in EMTECH which had a salary of $500K without the visa fee. How is it that the company thinks it is saving money on these positions by filling them with TC expats? Is it because they don't have to pay their benefits or US 401K and pensions? Could someone shed some light on how that all works?

A strong early retirement offer from Verizon can be the foundation for a secure future—almost like building your own retirement “empire.” The key is preparation: know your pension value, health benefits, and savings runway before the offer lands. A good offer combined with early planning can turn a stressful decision into a life-changing opportunity.

Very clear the company will do away with the pension soon. Plan accordingly.

So many people in their late 40-s like me were given poor rankings this year. Clear message they do not want us anymore and don’t want to pay pensions. They may get their wish.

It is also worth considering the possibility of an involuntary exit in your calculus of exit math and taking a new job. I was within 5 years of full pension when I got the surprise news. About two years earlier I did the math and turned down an outside opportunity because I thought the risk was non-existent. That was after negotiating the gap as small as possible. Companies change, leaders change, you aren’t in full control. Be realistic. The trajectory of Exxon is clear. Act accordingly.

Is there any truth to this rumor?

Why are directors getting axed? I thought hubs were safe. Why are they surprising folks? Did T target all pensioners or did they surplus non-pensioners too?

For pension? I'd like to cash out and invest.

John can you please tell us why the pensions rarely see an increase. Social security receives increases, teachers pensions and many others get good increases but no not with you John. You line your pockets while not giving a dam about anyone else. Your’e a washed up low value suit that has added absolutely NO value to the company. Your’e ego sickens those around you. You don’t even realize your’e not needed. Things will change for the better as soon as you are gone you goon!

In the last three months we have been paid late once & have had our pensions messed up. Colleagues are leaving on mass, nobody is being replaced, we are expected to do more work without any benefits or reward and some colleagues are overloaded with that much work I’m surprised they haven’t left already. The company is a disgrace from top to bottom & the wage I receive with the responsibilities I / we is nothing short of scandalous. If you do a good job you get penalised & can’t pursue other opportunities, I have the mind to stop all my extra clearances & do the bare minimum. I used to enjoy working for DXC but every week gets worse, it genuinely feels like he-l, and the day I leave this torrid company will be the best day of my working life by far. I know that the majority of my colleagues are seeking new jobs & hopefully a load of us leave at once leaving a massive mess & for the system to collapse. If you are thinking of working for DXC don’t plan to stay here for more than two or three years otherwise it will become utterly unbearable & you will hate every single day.

What job should I go for next? One in a supermarket or a bin man? I’ll get paid more either way, I’ll have less responsibilities & I won’t be at risking of going to prison if I mess up.

Question for the Orange book wireless techs if there are any on here.

If they offer VTP, does one keep their pension?

Thanks

First thank you to this community for all the early info & giving me the confidence that I wasn’t alone in feeling this way.

9 year g-n who interned and hired on. The company has changed and I’ve finally had enough.

Couple questions for this board:

• what vacation is payed out? Should I take all my comp & carryover?
• is there a practical way to negotiate the annual compensation value of the pension with new company? Pension tool not helpful
• print out any important health documents
  Any other tips?

Also, for those wanting to leave… yes it’s not the post covid market, but there are companies looking for talented employees. If you are here you are talented and will be valued elsewhere.

ANI here and just noticed roughly three months' pension contributions paid in at once. I've been here for years so my notice period would be three months.

No meeting with HR yet, but I won't be surprised if it pops up in the next few days.

Not looking good, is it?

I have been with the company since some time where I qualified for pension. Naturally T just contributed bare minimum to it since the last 10 years. I was also a high performer through out and naturally salary went up. Now with all this surplus stuff I got a target on my back for not being in hub, working hard and delivering here. Should I have just slacked and did the bare minimum? I never understood why I am being surplussed except not being in hub

https://www.reuters.com/legal/litigation/att-reaches-1841-million-settlement-with-employees-over-pension-plan-2026-07-10/?fbclid=IwY2xjawTEKVJleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEe9F2mbbtmPKo-nHk_FHETWoUk_r3TFizAIiLcr0T2o89aJ1TIuHWo21atRP8_aem_0MuIUwR05W493TizMA5zzg

"The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman."

Comrades, I urge you to take the retirement buyout for all International employees. The UK Workplace Pension, French Plan épargne Retraite and the US 401 are fully funded but the International is not. This will be offered once before we freeze and cancel the International Plan. You have been forewarned. Offer expires in August.

Seriously? First they take the pension away now the biweekly deposits to make up for the pension is going away? Is the goal to make your employees as unhappy as possible?

AT&T is headed in the same direction; how long it will take no one can be sure. I really want to take the annuity. A monthly deposit is extremely comforting to me. Am I being foolish in thinking AT&T will honor this final commitment? What happened to MCI Worldcom's payouts?

Last year I was told the pension plan was underfunded by $1.5B. Will AT&T make an honorable effort to close that gap now that the employment is terminated for so many, or does the shortfall continue to be swept under the rug?

What I hate most about Bill Rogers retiring is he spent years running the company into the ground and due to HIS incompetence, caused mass layoffs of competent teammates, creating a cut-throat environment of incompetent leaders, forcing everyone to return to office, while he rides off into the sunset with his millions in pension and retirement. I hope everyone who suffered under his leadership experience recompense, and everyone who prospered under his leadership begin to reap the very he-l that they sowed.

Kelly King and Bumbling Bill made an agreement when Gargamel took over that he wouldn’t remove the pension for 10 years. Not sure if that was the day of the merger or the day Gargamel took over. But the pension will cease to exist in way less than 10 years.

I am 52 and want to take VRP but not eligible for it. Anyone knows if HR would bridge 3 years and give me the package? It would be hard to stay 3 more years. I will lose more than 50% of my pension if I leave before 55.

How long has it been taking people out there for Sunlife to transfer the index funds to your brokerage of choice? Also, for those taking a lump sum from the pension plan, how long before those funds hit a LIRA account once the forms are submitted?

Was laid off early May and given 3 weeks until 29 May to sign the settlement agreement

My package looks like this
3 weeks to review settlement agreement (no work to do and fully paid)
3 month notice period - Got lucky as this was changed during covid years when they got scared of people resigning with only a month notice
6 weeks tax free redundancy for six years service which was lousy
22 days holiday paid out which I had accrued
Pension and medical insurance paid for 3 months and 22 days

tried to fight for my bonus but got zero

Basically cost me 65 grand to make me redundant in the UK - I was on 140K salary as a senior consultant and I get to leave end of May as I am put on PILON

I start in a new job on 15 June so this is all fine for me and I am delighted

People who are laid off should be using these boards to share what they got so that others can do the same - The time is coming - The numbers are sh-t and they are in a hole with no way out

How many of you will stay (or leave) if the eliminated the pension plan?

The company is shrinking and is younger people need the roles to open up to survive. The pension doesn’t grow that much after 55 and certainly after 60 it really slows down. Do us a favor and help us get to 55.

Wow, I was surprised not to find any public forums regarding state farm employees to chit chat, but I wanted to post here and say my whole onboarding group going into 2019 from various sections in the company are no longer employed with state farm. I ignited an old group chat out of curiosity. 17 in total and the last person to leave was in early 2025. Most people were let go or left around 2022-23

I found this metric interesting and worth putting out there. We all got sold on how it was a life long career and investment into your education for financial and personal growth.

Didn't get much detail but it seems the majority were right to worked for various little reasons primarily with the legacy benefits package. (Pension)

Curious if any AT&T employees who are over 50 and qualify for a pension have been unexpectedly put on a “Development Plan”?

When will we learn what is happening to the pension after aero is separate?

General Motors announced a new round of layoffs. This adds to ongoing workforce reductions across the Big Three automakers. Richard W. Paul & Associates launched "Big Three Retiree." This free platform offers resources for Ford, GM, and Stellantis employees. It helps workers navigate pensions, buyouts, and retirement planning.

Detroit, MI

https://finance.yahoo.com/sectors/healthcare/articles/gm-announces-round-layoffs-michigan-183000073.html

I'm 50-something years old, 20-something years of Ford direct employment, falling under the GRP. Contributory to my pension since the first paycheck I could do so.

I'd go tomorrow if the rules let me retire early, but I'm not quite 55.

Any rumors of early retirement packages?

I hear that XOM doesn’t like to carry the liability on their books of your pension after you leave. So if you leave after 5, 10, 15, 20 years and don’t reach 55 they offer you lump sum for your pension payment.

Is this true? If so, what do those amounts look like?

After nine years with cvx, I am planning to move on. I just have a perhaps stupid question: since our pension is vested after 5 years of service, will we get all the lump sum number shown in total awards webpage if we choose to take it out? and if we choose to let company manage it, the number will continue to grow as we approach 65 right?

What happens to any supplemental pension or supplemental 401K savings if you are forced out at 52 and would have been NRE before (I know that is now removed). Would the company really just keep it and say tough luck?

After termination, how long does it usually take to receive communications about the pension and RRSP plans? I’ve been waiting for about 3 weeks now and wanted to follow up.

I called the Vz pension department a couple of months ago to inquire about who is custodian of the pension if I was to retire and take the annuity pension instead of the lump sum. I was put on a 5 minute hold. The rep told me pension obligation was sold off to Prudential in 2013 and 2023. It had to do with contractual obligations concerning Bell Atlantic and GTE. She further stated that there’s currently no plans to sell off more of it. Doesn’t mean it will never happen but for now going forward, if you retire , your pension is with Vz. If you’re bent on a monthly pension but don’t want to leave it with Vz take the lump and purchase a guaranteed life annuity. I’ve been quoted an almost identical monthly amount for a glf as if I had taken a 100% pop-up for my wife from Vz.

Bumping this from @gk+1kq2atb5s for info.

DW is laser focused on running the org to failure. So rather than fight him, let’s help him. Next time you see poor quality work or a way to help… don’t do it. Even though you may think you’re the better person… don’t do it. Nothing will change until a true failure. So while contrary, push the activity along to failure. There is no longer honor in preserving this legacy… if DW doesn’t see the risk of becoming a takeover when everything fails (see Macondo) then it’s not our job to convince him.
And if you think that you are saving your pension or any other financial security, don’t worry, there are already plans to ki-l those. At this point, we have nothing to lose.