#retirement

How many do you think are moving to Houston, TX from California?

I know of a few people that are g concerned regarding selling their house in the Danville,CA area. This is a tough market to sell a house.

I took the package and I am retiring. Not sure I want to stay in this area. However, perhaps it is better to just move versus being constantly reminded about the presence Chevron previously had in the area.

1. Were you given the opportunity to retire, and collect your SERMA if you had one.
2. If you did the retirement route, did you also collect whatever weeks of severance that were being offered at the time.

I'm ready to retire after 30 years. I'd hate to wait for whatever package may be offered only to find out I'd be sc--wed out of my SERMA. I'd rather not pose this question to HR.
Thanks.

Has anyone received there Pension?

The constant reshuffles and unclear future make any retirement plan a joke. At this point I’m planning for options outside the company.

This is my last thanksgiving as an employee. Effectively retiring in January. There’s been many ups and downs throughout the years and friends that have come and gone. Though it’s not the place and environment I started with I’d do it all over again. Good luck to those that are left with the upcoming changes, I hope it works out for the best when it’s all said and done.
If I have any advice..:.don’t dwell on what you think could happen down the road. Work and live in the now and someday you wake up 37 years later and it’s all behind you.

I got pretty lucky a while ago after almost 30 yrs i took the VSP and was in the first group in September 2024 at 62...

my verizon health care ends at the end of november and if i want to keep it, it will be out of pocket.

i am covering the last 22 months till i hit 65 and get medicare with va health care, and i still have a good chunk of my vsp money left to live on for now...

i have not touched my 401 or my investmnts yet, and i have not filed for social security either.\

i agree that simplifying your life helps a lot and the drop in stress is a huge bonus!!!
but everyone has different situaitons, different ages and their own finances to adjust to...

work every angle, you might be surprised whats out there to help you.

i wish the best of luck to everyone at verizon dealing with the rif, and if you were good at what you did, another opportunity will come along.

I have enough saved that I don’t have to go back to work. I can go on my wife’s medical since I’m not Medicaid eligible. At 65 can I and my wife still get supplemental insurance from Verizon at 65? I heard that I can, but if my wife leaves the company insurance now, she can’t come back. Anyone know if this is true?

https://www.crn.com/news/channel-news/2025/insight-ceo-joyce-mullen-to-retire-leading-insight-has-been-the-pinnacle-of-my-career

It’s time for CL to follow suit here I mean c’mon man — What are she and the board waiting for? How much lower and worse, respectively, does the stock and culture have to rot before she’s out?

The only thing worth anything in the retirement package is you can carry over your sup life insurance. All else seems expensive as cra*. But they do now have an option to get through ACA.

My heart has been so heavy the last few days not because I'm worried just for myself, but because I've become somewhat addicted to checking this page and reading your posts and sensing your fear and frustration. I've joked for the past few years about wanting to get a VSP opportunity. But as I examine my life savings and number of years until I can officially retire i realize that those numbers dont add up. So I guess there is a bit of worry about that.

But I've been a person of faith all of my adult life. An old hymn we used to sing is called "My Anchor Holds" It speaks to times of uncertainty when storms rage, if our life is properly anchored, we will make it through the storm. Today I choose to cling onto that thought. When life knocks you down it gives you a chance to look up and find or renew your hope and faith in God. My sincere thoughts and prayers are with you all today.

I was on the old plan before the cash plan. I show mine is about 25-30% lower than when I left the company. Heard they had some changes? Whats going on??

If you're RIF'd on Thursday and are retirement eligible, do you still get retirement benefits?

We appreciate your sacrifice to help us older retireries collect for many years to come. Get back into those office cubicles and make JF proud.

For staff 60 and older, will Vz give the option to be laid off or take early (forced) retirement? I keep hearing about retirement program where if you are at least 60 and haven’t least 15 yrs service you might be eligible for retirement benefits…in addition to RIF package?

Would also suggest making sure your Benefits Connection sign ons are working if you haven't signed on in awhile AND that you can sign on from a personal PC at home.
If close to retirement age or over 65, there are insurance options on there as well plus a link to Via Benefits for secondary insurance coverage

Seeing that long timers were pushed out makes it clear how little this place cares. Some of these folks built their whole careers there. They could’ve offered early retirement or a way to leave on their own terms, but they didn’t. It’s a rough way to treat people who showed up for decades.

There will be many leadership “retiring” announcements over the next 48 hours. Many of those emails are shocking as people have no idea in their orgs. You shouldn’t be fooled as this is an attempt to make you believe that the leadership is suffering like the regular rank and file. Leadership’s numbers pale to what will happen on Thursday. They will all get at least a year of pay and a year of medical while real workers will only get a max of 35 weeks.
Which day will they tell us about the 5 days a week RTO? It is too sinister not to announce to drive the nail deeper in our hearts.

After over a decade in the position, Walmart Inc. CEO and President Doug McMillon will retire Jan. 31.

Current Walmart U.S. President and CEO John Furner has been elected by the board of directors to succeed McMillon effective Feb. 1, according to a Friday press release. Furner has also been elected to the board effective immediately and the company plans to announce his successor before the end of fiscal year 2026.

https://www.retaildive.com/news/walmart-ceo-doug-mcmillon-retires-john-furner-succeeds/805522/

The fanatical obsession with meeting next quarter's numbers to mollify Wall Street is diametrically opposed to being a strong innovation company. The linkage between end customers and CRL and Divisions was very strong for decades. It covered all businesses. Major advances in road sign and road paint to improve nighttime visibility was a classic win-win. Think how many lives have been saved. Just pulled my winter gloves out for the first real cold blast of early Winter and love seeing Thinsulate.

Desi may have been a so-so CEO and perhaps a good example of Peter Principle, but the innovation didn't die with him. The problem began with James McNerney. He's the one who decided the penny-wise pound-foolish strategy of starving CRL to pay for bigger dividends or buying back shares was a winning strategy. WS loved the guy. Employees not so. Other than a 20% boost in 3M share price the week he was announced in 2000, the share price didn't beat the SP500 by much for the rest of his failed tenure. Inge borrowing billions to buyback shares and scare off activist investors saved his and Mike's job but left the company starved of new blockbusters.

Like Field of Dreams (build it and he will come), for CRL is needs to be "invent it and customers will come" - BBs obsession with NPIs only breeds game-playing (how about a peach colored sticky note, any one?). When Desi pushed for 30% of sales from new products, he at least fully funded CRL. BB, nope!

Just happy I somehow made it to the right age/experience to get pension and retiree medical support (although BB is sc--wing people over to be "competitive"). I see no future left with this place. Just pump it full of painkiller and break it off into pieces and hope the divisions don't end up with a Bryan Hanson 40 million dollar man doing what he's doing to wreck SOLV.

Perfectly said, @z9+1k9bbemrv.

I’m in customer care and eligible for retirement with tenure and age. I’m wondering if HR would allow me to retire with severance instead of going through the layoff?

I can confirm two more people left us during the week of November 10th in one of the assets in Ohio. I can also confirm a suspicious upcoming retirement and a transition.

I found the yearly price of Atena Healthcare of about 18k. However, it is unclear if dependents are covered, at a cost extra, or if allowed at all..

What is Charter's retirement age and years of service is needed to retire? Also, does Charter offers subsidized health insurance in retirement? With the merger, I'm sure this policy will change to either Cox's terms or stay as Charter after the merger. Hopefully people can hold on to receive those retirement benefits.

I was let go by USB and now finally am settled in my new job. What is the easiest way to rollover your money from the U.S. Bank 2010 Cash Balance Plan? I have already rolled over my 401k from Fidelity but the funds from the U.S. Bank 2010 Cash Balance Plan seem more difficult to rollover.

I am thinking of retiring next year. I hope they pick me.

Thanks to the Johnny and Jeffrey sh-t show, our insurance tripled in cost. Same exact options at a worse provider. This is what Leadership and The Board thinks of us who gave them decades of our lives.

I wonder why he just reorged his group this week if he is retiring in 2.5 months.

Which top level public executives are likely to be pushed into retirement soon, rather than rank and file employees?

I’ve retired, still not Medicare eligible and my insurance carrier is changing during COBRA. I don’t know why. I’ve called HR/Benefits 3 times, each time I speak with someone, they tell me that I will have answer within a few days. I had the one person create a ticket number, of course, no one informs me of anything. Today, when I called for the 3rd time, rep tells me the answer they put in the ticket was “insurance carrier changed”. No sh$$ sherlock, yes I know that, that’s what I’m asking is why did it change.
Would anyone know why it would change. Yes, my address changed to a different state, so I’m assuming that’s the reason why.

Hello
Can someone please post the current retirement calculation?

I was laid-off, now past severance with no access to current docs. I am getting paperwork from WF calling me a retiree and including sign-up docs and sites for retiree benefits. Yes, I know, there are really no retirement 'benefits'. Just curious why this is happening.

Thanks

Just curious.... What's your current retirement.

I'm 50 and my 401k + Pension combined is $2M.... 18 years with CVX

I would like to obtain more benchmarks. Feel free to share. TY

I am asking about top level, public figures, not the workers

I was laid off waited for the severance PTO bonus all that jazz and I couldn’t be happier. I am officially retired. I can now enjoy my life without all the Wells Fargo drama between Social Security 401(k) and other investments. I’m making more than I did at Wells Fargo I’ve been in many engineering jobs And Wells Fargo is nothing but a joke. I am really glad to be gone.

I am beyond retirement age and I have made it known that I volunteer for a RIP package. Do you think anyone will pay attention? Save a young guy, RIF me!

Which topics do you are you interested in?

Emails are en route.

if you are at least 59 1/2 years old you can do an in service (meaning you are still employed) withdrawal from our 401k into a rollover IRA without any immediate tax impact. If you are younger I believe you are stuck until your employment with the company providing the 401k ends.

There can be downsides to moving money out of your 401k to an IRA, mainly getting in the way of future Roth conversions (affects all ages). This is also a consideration in you are in the pension and are considering a lump sum payment, to be rolled into an IRA. If this is like reading Latin to you please run it by a tax or financial advisor beforehand.
.

@gd+1k97nhk3h

Anyone completed their pension rollover after being axed. I am wondering how long it takes to hit your IRA account after getting your notice that it is being rolled over?