#retirement

If you're thinking about retiring, how much notice do you need to give and will TD try to force you out sooner?

Just going to leave this right here….

“Our hope is that this program gives those eligible the choice to take that next step on their own terms, with generous company support”

https://www.cnbc.com/amp/2026/04/23/microsoft-plans-first-voluntary-retirement-program-for-us-employees.html

What a novel idea… accomplishing business objectives without completely sh-tting on your own employees.

You know it’s bad when you wish our executives were more like Microsoft.

Got my cobra estimate retiring early it’s like $1200 a month. Better check your fiqures before you pull the trigger on retiring early. It’s an eye opener!!
Bumping this so folks don't miss it. Too many are so focused on leaving as soon as possible (not that I blame anybody) that things like this get overlooked.

Question for those late in their career. I expected my biggest raises to be early and at some point to max out and then just keep up with inflation. Has this been your experience? What age did you max out? Have your raises kept up with inflation or are you making less each year when considering inflation as you approach retirement age?

What happened to management doing the right thing and being transparent when potential reorganization was in the mix? After more than a decade, I recently retired only to find out that my position was changing and becoming 2 positions. Had they been transparent, a severance package would have come my way - nope. They stayed silent at my expense. Made me remember it’s only a job - and I cared more than management did. Has this happened to anyone else?

I have more than 15 years of service but am in my 40s. Alight gives me the following info when I calculate my lump sum:

One-Time Lump Sum

No payment to your beneficiary.

If married, your spouse must consent.

To choose this option, you must take all of your pension benefit(s) as a lump sum. Does this mean I cannot get a lump sum when I resign?

“This option is only available to you upon termination and at your Normal Retirement Date, or immediately upon separation if later than Normal Retirement Date.”

I had a friend who passed away recently who was an exxon retiree. Their family lived into their nineties so he expected to live until at least 85. My friend retired at 61 with 40 years of service and chose the annuity. The annuity was huge and paid them nearly 50 percent of his yearly pay. The retiree expected to live at least 25 years and collect the pension but it was not the case. They only received 6 years pay from the annuity and had no relatives to leave as beneficiaries. If they would have taken the lump sum it could have been left to anyone as beneficiaries. Alight only allows spouses and children to be beneficiaries for the pension. He could have left the lump sum money to his nieces and nephews, friends or even a charity. He was in excellent health and would have lived to an old age but pancreatic cancer took him out. From the time of diagnosis to death was 5 months. Exxon and alight won. Don't make the same mistake as my old friend.

To age plus years of service equals magic number for full retirement. Employees will retire without an exit severance pkg.

I retired last year and I cannot tell you how good it feels. No meetings, no politics, no layoffs, no pretending to care about things that don't matter. I don't miss the circus at all. Not one part of it.

Cherry Creek School District announced over 150 full-time positions will be cut. Community members and staff voiced disappointment at a recent board meeting. These budget reductions primarily impact the Department of Special Populations. Assistant Superintendent Tony Poole will retire in June while on paid leave. He will receive a payout exceeding $200,000 in salary and accumulated leave.

Aurora, Colorado

https://www.denver7.com/news/investigations/outrage-in-cherry-creek-schools-amid-layoffs-while-assistant-superintendent-is-paid-out-more-than-200k

I was at Xerox for about 40 years as a worker bee (non-management). Retired in 2020 after waiting for a vrif or irif package that I was never eligible for ( for one reason or another). So I left on my own accord (at 62). Best thing I ever did. Even back then the writing was on the wall. Carl had already taken over the CEO and board and it was only a matter of time. I know I was lucky but also calculated health subsidies at a lower income and had a few $$ put away just in case. Yes, I was an oldtimer with a pension and 401k. But its been 6 years and i havent touched either. If your young get that resume updated (by a professional if necessary, they have contacts you dont). If your old enough, Don't wait for the package, you may wind up with nothing. Bankruptcy will likely effect any pension payouts. BTW, if your in the US the best investment is your HSA. No tax in or out and can invest it all. I lowered my 401k to max out HSA. Best retirement planning I did.

How long do you need to be at the company to be vested, partially or totally for your 401(k)?

Does anyone who has an ear to the C-suite or close to it know if another VRP offer will be coming in 2026? I am eligible for it based on age and trying to weigh my options as to whether to wait and see if I get an offer, or just retire from this dumpster fire. This work environment is so toxic and it's not worth it anymore - it hasn't been for a long time actually. Appreciate any insight anyone may have.

When will this woman suffer the consequences of her actions?

Stock is tanking today. Normally, after a big RIF, the stock market reacts favorably.

She is TOXIC.

Gail or any of her flying monkeys that read this - STOP, just stop your greed and corruption is beyond even the great COVID scam.

Q: I am 24. I want to retire at 65. I plan to live to 85. How much do I need to save every year if I want to spend $100K every year after retirement?

A:

To retire at 65, live until 85, and spend about $100,000 per year in retirement, you would need to save roughly $6,700 per year starting at age 24. That is about $560 per month. This estimate assumes your investments earn about 7% annually before retirement and about 4% during retirement, with your retirement spending measured in today’s dollars.

The estimate was calculated in two steps. First, I found how much money would be needed at age 65 to fund $100,000 of annual spending for 20 years in retirement, treating retirement withdrawals like a 20-year annuity discounted at a 4% annual return. That gave a required retirement balance of about $1.36 million. Second, I calculated the fixed annual savings needed from age 24 to 65 to grow to that amount, assuming a 7% annual investment return during the saving period.

How deliciously ironic that the same deluded Negative Nellies on this site threatening to sue the company over loss of NRE are the same trolls claiming retiree benefits have no value. No value, no damages, no case.

Get a grip people. Retirement benefits have tremendous value and if you lose them at age 54, it’s because of something you did, not some conspiracy that the company is out to get you. The DW that never gave a damn about you as an employee is the same DW who doesn’t give a damn about whether or not you wet your beak in the retiree benefits pool on your way out the door.

More leadership retirement or are they just getting axed? they dont even look old enough to be retiring

It felt like I was signing divorce papers from a bad marriage. I'm very glad to be out of that company. The max severance package and unemployment are like having a hot girl say she just wants to hang out with you after your divorce but nothing serious, just casual fun. After that, retirement and traveling around with the actual love of my life. I ran the numbers, it's like getting a ~$100K payout into retirement. I'll happily take this over a retirement card and going away gift at a pizza party.

Assuming more layoffs are to come, and if and you're in a similar time in your life, I highly recommend trying to manage the last days of your career aiming for a layoff rather than announcing a retirement date. If I would have told them I was retiring in May, I don't think I would have been laid off, so keep that info to yourself. Don't tell a soul because it WILL get out if you do, and that could be a very costly mistake.

I cannot find the original post but I remember seeing one of the posts saying 50% of Houston personnel will be retirement age in 10 years. What’s the source of that information? Is it true?

This is the reality.
NRE employees are not being targeted because they are lazy, noncompliant, or underperforming. That narrative is convenient, but it is not the truth.
They are being targeted because they are the most financially strategic group to remove.
Employees who are already retirement eligible have already earned their pension and benefits. If they leave, the company still carries those costs, including payouts, healthcare, and everything that comes with it. The liability is already locked in.
Younger employees? Many of them will be impacted anyway as AI and automation continue to evolve. They have not accumulated significant pension value yet, so the financial upside of removing them now is limited. They walk away with relatively small payouts, which would likely happen in the near future regardless.
But NRE employees are right at the threshold.
They are the ones about to qualify for meaningful pension payouts and lifetime medical benefits. That is where the financial exposure is. That is where the delta is. That is why they are being pushed out before they cross that line.
Not because they are all poor performers. Not because they are disengaged. Some are, some are not, but that is true of every group.
So let’s stop pretending this is about laziness or attitude. It is not.
It is timing. It is cost. It is strategy.
What is frustrating is not just the outcome, it is the narrative being used to justify it. Do not label people as lazy to explain decisions that are clearly driven by financial incentives.
People see what is happening.

For decades people and culture has been the strength of AT&T. I was 33
when I started at T 14 years ago. Probably the longest employment I have. The folks who were in their 40s and 50s when I started are now retiring. I lost many people already to age and RTO and supposed this trend continues. Barring some directors, my team largely is full of college kids and TDPs. At this point, I feel like I am that soon to be 50 year old in an environment which is more toxic than my predecessors started. The circle of life continues and I now contemplating to start fresh elsewhere.

Where or What is your worth?
.
https://experteditor.com.au/blog/d-bt-i-worked-for-thirty-eight-years-and-when-i-finally-stopped-i-sat-in-my-kitchen-on-a-monday-morning-with-nowhere-to-be-and-cried-not-because-i-missed-the-job-but-because-i-realized-the-job-was-the/

"65 is the new 55" as far as being able to retire goes. What's really a shame is that if the billionaire owned media didn't have us working class people at each other's throats over which political team we're on, (divide and conquer) we might have been able to get a handle on it before we reached this point.

The posts are generally whining and moaning.
I thought I would provide info so folks can plan better.
Topic of this week is around NRE and pension.
You don’t lose your pension. You lose benefits, especially medical. You get your pension, you get vested after 5 years. So you will get your pension. However discounting is different between retiree and terminee. Suggest you run Alight calculator between age 55 and 54.5 and you will know the difference.

Severance papers signed and looking forward to my 6 months of free money. Over 25 years spent at O and now it feels like a divorce, in a good way. It is time to move on and enjoy my early retirement. So glad this chapter is over!

Today is supposed to be the last day of my waiting period. Did anyone get their final shot separation papers yet? Maybe it’ll be end of day. Oracle will be giving my retirement a good start with 6 months salary and I will also qualify for unemployment, because maybe I still want to work, maybe…LOL. This is a much better retirement gift than any going away lunch or retirement watch. I’m very thankful for this blessing, I just need that final check to sail off into the next chapter.

Transamerica confirmed recent layoffs affecting its Iowa operations. Fewer than 25 employees were impacted by these changes. The company is enhancing its Retirement Operations model. This strategic decision aims to support business growth and improve customer experiences. Cedar Rapids remains Transamerica's largest office and a key hiring hub.

Cedar Rapids, Iowa

https://corridorbusiness.com/transamerica-confirms-fewer-than-25-layoffs-in-iowa/

What are the perks of retiring from fidelity? Can you stay on fidelitys health insurance if you retire at a certain age / tenure?

Leaving isn't realistic anymore at my age. I'm too close to the finish line to jump ship now. So I show up, do my work, and wait. Not because I want to, but because I don't really have another good choice. There are so many who feel the same way. This job has turned into a prison sentence.

another "strategy team" pushing a not new approach and calling it new with long trainings where no one has done the job on the clinic level. exhausting....praying for rif or early retirement. why cant these over paid consultants figure stuff out? If it did not work the first time or second time... it wont work with less staff.

Dan Hanson, head of Global Client Services in CTD, "retiring from ThermoFisher" effective 4/17

Ok i know this question is unanswerable because there are too many unknowns but here goes. I am early 60s. 30 years with Citi. Mostly 2/3 occasional 1/2. LEA a few years back. I'd like to quit this afternoon but financially I would be better off to stay a couple more years. If I stay they pay me for 3 years and I work. If I get RFI'd they pay me for a year. Does that make any difference?

Does anyone have experience with this option? Is there a maximum age you can execute this? The reason I am asking is that I am hesitant to commit to a fix life time annuity now with the DOW down 5,000 points since the start of the war. I understand you can withdraw up to 7 percent with this option for non-tiaa traditional. Just wanted to get a perspective before i speak with a TIAA WMA. I appreciate the insight.

Is the “Rule of 60” used to pay out the full year’s PTO (ie, instead of only what’s accrued by separation date) simply age plus years of service greater than or equal to 60? Asking because the “Leaving Citi” document also includes being at least 50 years old and having five years of service in the criteria for Citi retirement health plan eligibility, where the Rule of 60 is first described (ie, someone 45 years old with 15 years of service wouldn’t be eligible). In the section addressing PTO later in the document it only references the Rule of 60 without defining it. So now I’m confused. Can someone from HR please clarify?

I've got maybe three years left before I can retire. Three years of showing up, doing my job, and going home. That's all I have left to give. My enthusiasm died somewhere around year fifteen and I stopped trying to find it again. But here's the thing. I still do good work. I always have. I just don't do the games anymore. The office politics, the performative enthusiasm, the pretending that meaningless projects matter. I do my actual job, I do it well, and I leave. The rest of it, the game, that's for people who still care about climbing. I don't. I just want to get to the end with my sanity intact.

Long term career plans here don’t seem to last as long as they once did.

Lal is forcing end of the year

DM just announced Michael Olsen is retiring. He’s been dumping stock since December. Clearly no faith in company if leaving during critical lawsuit with creditors.

This week has felt incredibly heavy. Several people I know walked out for the last time on March 31, and it’s been hard to watch. Some were lucky enough to retire on their own terms, but others left with severance they never asked for. It’s heartbreaking, and honestly, I don’t know how much more people can endure as this drags on all the way to 2028.