#pension

John Stankaheeheee Let me help you!
John....let me help you demoralize the workforce even more. Do this John. Take away the service anniversary awards. Please do it John. Then remove any and all employee discounts. Also good work on pension plan increases. They are virtually non existent.
Cobb county teacher pensions in the state of Georgia get 3% every year. You are a cheap worthless pathetic divider in chief. It is no longer a desirable place to work. You and your cronies have gutted every aspect of what it used to be. You have as--ulted the low hanging fruit ( 1st level managers ) to the max because they have no voice as the union members do. The company culture will never rebound until you and your henchmen go somewhere. Anywhere would be good. Just go.John Stankaheeheee Let me help you!
John....let me help you demoralize the workforce even more. Do this John. Take away the
service anniversary awards. Please do it John. Then remove any and all employee discounts. Also good work on pension plan increases. They are virtually non existent.
Cobb county teacher pensions in the state of Georgia get 3% every year. You are a cheap worthless pathetic divider in chief. It is no longer a desirable place to work. You and your cronies have gutted every aspect of what it used to be. You have ATTACKED the low hanging fruit ( 1st level managers ) to the max because they have no voice as the union members do. The company culture will never rebound until you and your henchmen go somewhere. Anywhere would be good. Just go.

Is anyone else having trouble getting their pension lump sum ? Delayed now 3 months and counting... is the fund insolvent ?

Step 1: Slash MPT using the "ranking" system
Step 2: Close QP and layoff hundred
Step 3: Sell Kearl to Suncor

Goal: Shed pension risk based on the demographic curve before the majority vests.

NOTE: We are on Step 2 this week.

Is it just me or are you starting to envy those who are leaving? I’m supposed to be relieved that I still have a job but…I’m not. Something is really wrong with the way they did this last layoff. A lot of old timers got the axe. This pension I’m hanging around for won’t be there, will it? It’s so clear to me now that I’m standing on quicksand.

MG is coming for your pension. Total comp is also going to be based more on “performance.” Aka, your mgr will have even more impact on your comp.

John....let me help you demoralize the workforce even more. Do this John. Take away the
service anniversary awards. Please do it John. Then remove any and all employee discounts. Also good work on pension plan increases. They are virtually non existent.
Cobb count teacher pensions in the state of Georgia get 3% every year. You are a cheap worthless pathetic divider in chief. It is no longer a desirable place to work. You and your cronies have gutted every aspect of what it used to be. You have as--ulted the low hanging fruit ( 1st level managers ) to the max because they have no voice as the union members do. The company culture will never rebound until you and your henchmen go somewhere. Anywhere would be good. Just go.

Train people in India/Engine.” Translation…”here’s your rope, now, go make your noose and when training is complete we’ll meet you at the gallows to hang you.”

This company and its current CEO has NO MORALS. If you’re fooled by the old days when Chevron was a reputable and excellent company to work for listen up! Us old guys can alert you young guys to the dangers that lie ahead. They will cut you off before your official retirement.

Use Chevron to job hop. If you don’t know what that is, learn on TikTok. Use them just long enough (2 or 3 years) to make starter money and get experience, then use that to land your next best job with higher pay….and do that 2 or three times to get your salary up so you can make really good money during your most productive years. Do this while you’re still young enough to get enough years in at a good company that has a history of allowing people to retire and collect a full pension. Chevron now has a pattern of eliminating the old guys once they’ve properly trained their replacements. I know, I was eliminated in their last round of layoffs and now in this latest round I’m watching really good people get eliminated, while they’re too old in a really bad job market in the US, to get rehired. They did it to me and I never got rehired. Retirement doesn’t look for me anything like I had envisioned. DO NOT believe for ONE SECOND that that pension will be paid out to you for a “full retirement.” It’s a carrot dangling on a stick to keep you hopping. Do not give them your best income-producing years believing in that pension!!!!! It’s as disgusting as a man who divorces his wife after their last child turns 18 so he can avoid paying child-support and only have to pay alimony. This is NO DIFFERENT. Don’t be their bi--h.

If you quit by 35 or 40 you can still get part of your pension and you’re young enough to use your Fortune 500 experience to launch into a company that has a better history of allowing it’s pensioners to retire with dignity. Chevron now has a trend of “restructuring/reorganization” every five years to hire cheaper workers and cut off pensions. If you’re over 50 at Chevron you are “in scope” for elimination. One way or another you will be ELIMINATED just like a cockroach.

I am less than 50s and I have pension plan with $X vested. If I decide to resign or get surplused, what happens to that amount? Will it stay with Fidelity and can I start getting monthly pension checks if I want to cash out or do I have to wait till 65?

Another warning, if you have pension, you have a target. I had pension, I was threatened for a year, that I had to leave the department because "two men don't like you". Then I cut because they didn't need that position. HR was truly, well HR. That position, word for word, was just posted on the public internet. They are truly cutting the old folks for cheaper people, even at the chance of lawsuits.

good luck everyone.

What happens if you were offered the ERP but declined it?

Do you feel like it might be the right time for the company to offer management employees with pensions a retirement package?

With everything changing so quickly in the business and with fewer people coming in under the old pension structure, it feels like it could make sense for AT&T to consider giving us that option. For some, it could be the opportunity to retire earlier. For others, it could open the door for fresh talent and new ideas.

Curious how you all see it—would you take it if they offered? Or do you think it’s better to wait it out?

Does anyone know anything about pension bridging? I've heard rumors that pension bridging is potentially available if you are within two years of being eligible to retire, but details are light beyond that.

Millimanbenefits.com

Don’t know what’s going on, but reps not really willing to explain things. Company must of retired and hired new employees. Not very knowledgeable nor do they seem like they want to help. Hopefully Verizon will light a fire up their kulo!

drivers who are eligible should retire now if they can and take the package...

it looks like they are offering full pension benefits and current health benefits, though each person will need to pay about 200. the only question is whether ups will cover accrued vacation time if drivers accept the buyout. older drivers will see route changes as package volume declines. younger drivers with less seniority will face layoffs or be forced to work two hub shifts.

low-seniority hub employees will likely be laid off. i feel bad for operations supervisors, especially the older ones, because they will be overworked and mistreated. ups seems to be pushing them toward retirement or waiting them out until they pass.

People will be getting a benefit survey, they will ask whether you want this or that. They are testing the waters to see how they can cut benefits and say “we listened to the survey and this is what you wanted.”

It wont shock me that they get rid of the pension all together

Has anyone in the UK changed their Aptia fund from the default Dell Growth Portfolio?

There must be some more diverse better performing funds we can choose?

Recommendations appreciated!

Thoroughly enjoyed most of my 28 years. Walked in one day and couldn't see doing it anymore. Notified my manager and left for the last time 3 weeks later. Took SS at 62 and received the initial monthly checks from both of my pension funds. It took a month to fully sink In. I should have left a year earlier. People asked, why now? I didn't have an answer at that time. A month later I had an answer. My team lost 4 people in 3 years. What was left were the people who should have been surplussed. Yeah, probably me too. I think I would have been relieved. Sooner would have been better for me, that I am sure of. Yesterday another retiree asked if I missed the camaraderie. It was a joke. No, I will never miss the deadbeats. Never miss watching someone draw a paycheck they did not earn. Never miss those hired solely due to race, gender, or pronouns. Never miss the employee discount program that costs at least double that of AT&T competitors. Never again pretend to care about the work in a company that does not care about their employees or even their customers. After 3 months I finally wake up every morning feeling free. I never gave a thought to the costs of working at AT&T before I retired. After years of being obligated to do things that made no sense, you suddenly find yourself with the ability to reject such nonsense. I didn't know it at the time I submitted my notice, but what I want most was peace of mind.

I left State Farm about 2 years ago and had only worked for them 8 years. Last week I got a letter stating they were buying out my pension based on ERISA and IRS guidelines and gave me a link to a web-site for more information. Did anyone else get this? Obviously I have to take the money and they gave me a deadline of September 15, 20025. Thoughts?

I wish they'd offer voluntary exit to all depts. Remember all that put in won't get selected for it. This would get older employees out of here. Leave more jobs open for the ones that need to stay. Just because it's offered in your area don't mean all will be selected for it. They can't let everyone leave that wants too or they would not have enough employees left. Sad but so true. If it's ever even offered to any area I'd be surprised. This place is all about sc--wing over it's employees. No pension for new hires is a better deal they can move jobs and roll it over no pension building tieing them here. Unfortunately SF doesn't contribute as much as a lot of employers. And our pension is not that great.

January 01, 2026 the pension plan will be frozen and all employees will be converted over to the current 401k match plan.
Here is the plan:
RTW-will shed hundreds
Reduction in pay and benefits will shed hundreds
Reassignments to claims will shed hundreds
Outsourcing and AI will shed hundreds
Pension going away will shed hundreds
What's left may get some kind of the new severance plan but that will be the last resort as SF will do everything it can to force you out and make no mistake about it. These people are pure evil!

Any word on what the COLA will be for the pension for 2026 ? Inflation is high and I took the monthly annuitie.

Kodak Dumps Pension Plan to Pay Off Massive $500 Million Debt.
https://tonernews.com/forums/topic/kodak-dumps-pension-plan-to-pay-off-500-million-massive-debt/

I started with Nielsen in the early 2000's and at that time they had a retirement annuity program vis Fidelity. Dave Calhoun was quick to end that bad boy asap once he raided the place in 2006. I'm long gone from Nielsen but I still have this small annuity from about 6yrs of work which totals about $35K and says my payout can only be monthy when I turn 65 (retirmente age)...which will be about $200 per month. So not really much money at all. I'd love to try and get a lump sum now which is what many of my colleagues at the time got when they were let go or quit (however they were employees from the 80s and 90s). Is anyone familiar with this pension plan or how to go about getting a lump sum payment? I've tried several times to do so on the fidelity website but always get rejected. Thanks.

How have the hiring trends been at the firm lately or is there still lots of retirements and attrition ? So glad I took the lump sum at the end of 2021. Hope the pension gets funded and restricted lump sum is not on the horizon.

Does Halliburton have a #pension plan or some other #retirement option (aside from a classic 401k)