Retiring and losing your active-employee coverage is an event that is considered a "life event" which allows you to re-enroll for health insurance, just as you...
IBM sent notes to (I assume) people that may be eligible announcing a 'Transition to Retirement Program'. In a nutshell it is (if you are approved to...
Just got this from a friend... Dear IBMer: IBM is pleased to notify you of your eligibility to apply for a one-time, voluntary program for IBMers in the U.S....
Madinpok .... you are so knowledgeable ... thank you for sharing ... any suggestions ... I am 55 ... figure my $35k FHA will last 2-3 years with what IBM...
Most people I know will probably not take it. Essentially, what you get to do is to work a 5 day job in three days (12 to 16 hour days) and get a 30% pay cut....
Work OUT for them? So the last five year salary rule for pensions would not apply to this 'generous' offer? The 'generous' 70% would not be factored in? See...
.. .Randy MacDonald Senior Vice President, Human Resources...aka PERSONNEL. ... THINK ! How does a company use resources. 1) Just like a piece of equipment 2)...
All, This fits perfectly with IBM's master plan of having no more than 14,000 US workers by 2020. After all IBM stands for INTERNATIONAL Business Machines. ...
If you're in the 2012 Health Care Spending Account be sure you spend all your 2012 (complete year's worth) amount before you retire. Â IBM funds it 100% on...
And its not offered to people rated 3 or 4 ... So if you are on the ropes , you are on the ropes... if you take it you are ' RA proof ' too .... It honestly...
Unless I'm misunderstanding something, the five year salary rule for calculating your pension doesn't include any earnings after 2007. So the 70% salary...
There is some risk involved in postponing the use of the FHA funds. In theory, IBM could decide to take the FHA money away before you had a chance to use it....
Okay, thank you for the reminder. I still wouldn't trust any offer from IBM that has the words: "This may be just the opportunity you've been looking for …" ...
Another thing to think about with this offer, many IBMers won't make it to their desired retirement date - we'll be RA'd waaaaaaay before that. I'll be lucky...
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Kady
kady101@...
May 1, 2012 9:48 pm
Yea, that was my thought --- that unless this program included a 40% headcount increase to my current group, I'd just be doing the same job for less pay. Kady ...
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Kady
kady101@...
May 1, 2012 9:48 pm
I got it today as well. I've just turned 57. I have to work 6-7 more years at full payout in order to make my retirement numbers work out, so this program...
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Kady
kady101@...
May 1, 2012 9:51 pm
Or, a way to guarantee flowing in while you find a better job....... (This is the part that interests me....) Kady ... [Non-text portions of this message have...
Would it make you feel any more comfortable if the letter were addressed "Dear Hanger On," a term of endearment for pre-retirees used by a prior IBM CEO? 8-{...
A better spin. ......"IBM early retirement plan protects takers from layoffs" Wait. I thought IBM did 'workforce rebalancing'. Now they do layoffs? I'll be...
I scanned the details and it appears that in the period 7/1/2012 to 12/31/2013 (1 1/2 years) you earn 105% of your annual salary for working 3 days a week...
So here is how they're spinning it: "Retirement plan aims to help workers and Big Blue" HELP. Now when was the last time IBM HELPED any of the employees. Oh...
Sure he is...we go bar-hopping together. To clear this up, I am retired. The memo was sent to me by a former colleague who is still a regular employee. Didn't...
