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Old 02-12-2016, 02:58 PM
jw2
 
2,028 posts, read 2,638,347 times
Reputation: 3358

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I think congratulations are in order here. Perhaps you wished to work a bit longer but it is likely you will find this will work better for you. Make the best of it, you had a long working life, enjoy your retirement.
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Old 02-12-2016, 04:11 PM
 
Location: CO/UT/AZ/NM Catch me if you can!
4,743 posts, read 4,381,013 times
Reputation: 10403
It feels like older workers are always the first to get the ax even in the most humble jobs. I was working part time as a motel desk clerk in other to supplement my small SS check. The owner of the motel decided to revamp the way it was being managed, and gave the top management position to a relative. The first thing this person did was to "streamline costs." I was the oldest one working there and the first to be let go despite my positive job reviews each year that I'd worked for this outfit.

Since then I haven't been able to find other employment in my town. We're going through a major dip in available jobs right now because our local economy is very dependent on the energy industry. With oil at something like $30/barrel, our little town has lost over 200 jobs so far. It's much easier for the younger folk to pull up stakes and follow the jobs. An older worker like me? Not so much.
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Old 02-12-2016, 05:46 PM
 
12,825 posts, read 20,166,929 times
Reputation: 10910
Quote:
Originally Posted by Fox Terrier View Post
Tell it to the employers, who believe it's cost effective to let older workers go a couple of years before they can retire at 66.

I sent out quite a few resumes after I lost my job. Heard absolutely NOTHING back. They are all of the mindset that older workers 'cost' more, I guess, which doesn't really make sense, since it's the people in their 20s and 30s who are having babies and taking short term disability or family leave (or whatever it's called these days).

Oh, well. What do I know?

Meanwhile, so far I'm using my own money to live, not yours.
The government will inevitably get more interventionist based on the math.

Essentially they will force companies to keep people until 65 or more, with the other option being to pay a substantial fee anytime they RIF an older employee. Firing for performance or gross misconduct of course would be exempted.
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Old 02-12-2016, 06:47 PM
 
Location: OH>IL>CO>CT
5,252 posts, read 8,430,817 times
Reputation: 7225
Quote:
Originally Posted by LoveBoating View Post
My wife, now 68, lost her job this past Oct They called it "job elimination", but we really think it was due more to her age. She had worked for this bank for 5 years. She got a descent Severance Package, but had to sign/approve a form stating what she could/couldn't do after leaving.......like, no "bad mouthing" the company. Part of her Package was getting Employment Consulting and online Seminars on finding a new job. She really wanted to work for this bank until she turned 70, so she could get an extra money from SS for Late Retirement, but that obviously wasn't meant to be.

Fortunately, she was already at the age for Medicare. Got that, plus will be getting her SS/FRA starting this month. And, during the month she was off, got another, higher paying job, working for an insurance company. So, she will get that descent salary PLUS her SS with no earnings requirements. Nice!
Are you aware that she could now suspend her benefits if they are not needed at this time. Either until age 70, or some time in between as needed. See this SSA webpage for more details.

https://www.socialsecurity.gov/plann...e/suspend.html
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Old 02-12-2016, 07:34 PM
 
Location: Silicon Valley
3,632 posts, read 1,638,039 times
Reputation: 6172
For awhile I was at a company and started feeling pretty bad and found out I had kidney disease. I went to my employer to see if I could trade a reduction in pay to let someone else manage some of the departments I had. I'd worked 10-12 hours every day and at least every other Saturday since starting. My doctor said no, and we were preparing for dialysis.

They said yes, I trained some new managers and then they showed me the door. The idiot owners had actually said they couldn't keep on someone with kidney disease because it would kill their insurance rates...in writing. They wanted me to sign an agreement the day I came out of surgery, though they'd given me 3 days before to think of it, but with no time to consult an attorney. Their EEOC move was to offer me an integration position with no guarantees that would move me from the 2nd highest paid position to the lowest paid position in the office. I signed for a half year severance instead.

At first I was upset, but I focused on my health. Then the strangest thing started happening. The doctors said it wasn't possible, but it was happening. My filtration levels started going up. I went from stage IV to stage III. I wrote a book with my mother. I called up old friends. I took a renewed interest in my church. I worked at a family member's store doing somewhat brainless work, but also helping them to update workstations. My filtration rate kept rising.

Finally an old recruiter contact I had called and asked if I'd do some recruiting. I did it, and remembered what I loved. The thrill of getting a project done, of making something better and faster. I wrapped up ahead of time. They gave me another project, and then another. I did them. I didn't have to worry about fighting partners and was out of the office politics. I was just a consultant, there to help and leave. I tried it at another company. It was a place I knew I wouldn't like working at in a couple of days, but I didn't mind it as a consultant. From there I decided I'd never take a full time perm job again. I'm at the high end of Stage III now...which isn't that big of deal. The money has become even better than when I was working. There's a real need for experienced people to come in with a temporary mindset, get a project done and then leave.

Like many have said on the board, the silver lining of getting away from bad boss is amazing. Take your time to heal from the jerk, but if you're living on savings anyway, look into doing something related to what you did on a temp basis. Set a time of how long you're going to loaf around, get your family to buy in, and then hold yourself to it. Remember, you're already retired now, (congrats) so this is all just gravy. One of the great advantages of age is that the guy's disrespect will fade in time. One day you'll drive by and think...I should call that guy that I like...as opposed to I hope that dumbo guy rots in hell. Forgive or Forget....either works fine.

So cheers to your next chapter....don't take offense that I'm drinking water. I can't wait to here on what you do from here.
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Old 02-13-2016, 05:37 AM
 
7,983 posts, read 11,679,160 times
Reputation: 10484
I'm curious what would have happened if you had hit the 5 year mark? Or, had they known you were going to go in April, would they have let it happen that way?

Regardless, hope it works out for the best, it sounds super hard. I'd have been totally freaked.
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Old 02-13-2016, 08:14 AM
 
Location: Log "cabin" west of Bangor
5,678 posts, read 6,785,251 times
Reputation: 10279
Quote:
Originally Posted by mortgageboss View Post
I am sorry to hear about your position being eliminated. No matter how well prepared you are, no one wants to have it go like this.


At least it seems that you got something out of it to help. Some people get 20 minutes to pack up their stuff and escorted to the door.
Ha, I got a freaking text message on the Monday morning after Xmas..."Don't bother coming to work".

Nice, eh?
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Old 02-13-2016, 08:22 AM
 
Location: Hiding from Antifa?
6,431 posts, read 4,190,957 times
Reputation: 5727
Quote:
Originally Posted by Fox Terrier View Post
You're not kidding!

After years of her ragging on my you-know-what and having to listen to how she was better than anyone else, it was quite exciting to hear the handcuffs go click, click, click!

Now she has to work two jobs to handle their finances (he's in jail for three years).
I hope you had the opportunity to thank her for supplying you with the time to watch her life circling the drain. Did she see you in court?
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Old 02-13-2016, 08:39 AM
 
Location: Hiding from Antifa?
6,431 posts, read 4,190,957 times
Reputation: 5727
Quote:
Originally Posted by BayAreaHillbilly View Post
The government will inevitably get more interventionist based on the math.

Essentially they will force companies to keep people until 65 or more, with the other option being to pay a substantial fee anytime they RIF an older employee. Firing for performance or gross misconduct of course would be exempted.
They will always be able to come up with reasons to fire someone. In most cases it is very hard to prove otherwise, and not worth the expense to fight them. That is how they get away with it.

My wife worked in a hospital that had self funded benefits, including medical and disability. After damaging 9 disks in her spine from lifting patients, she inquired about the long term disability plan in the HR department. Shortly after that she received an inspection in her area that found some missing tests that are supposed to be performed on a daily basis. The results of the tests are easily deleted from the computer, so she thinks that is what was done. A little while later she made a bonafide mistake(less severe that another person had made and was still there). Instant termination. Since she made a mistake, she had no recourse. Had no choice but to apply for SS disability, which she got on the first pass.
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Old 02-13-2016, 09:12 AM
 
Location: Columbia SC
9,013 posts, read 7,774,270 times
Reputation: 12262
It is alway hard when someone screws your plans up. The older one is, the harder it can be to get back on track. I spent many years in high tech sales so I learned early on that what I did was only good for as long as I produced. I never looked at any job/company as the one I would retire from. I was a hired gun and I accepted that. I knew I would have to take care of my own retirement. Company loyalty meant I do the job, you pay me and nothing more.

One has to be brutally honest with one's self even to the point of accepting one's faults and changing them or in some cases accepting the way it is before they can move on. One may have to move on in a different direction. Maybe even a direction with less responsibility, less money, less self esteem ,etc. but move on one must. One must take care of those dependent on them, even if just yourself. Do not live in the past. That was then, this is now. Stand tall and move on.

I see many that are what I call under-employed people. Those that use to make $120K, making $80K. Those that use to make $80K, making $50K. Those that use to make $50K, making $30K. They are working but they are not earning as they use to. While tough, it is better than not working. My advice is swallow your pride and move on.

I recently saw a young lady recently with a company shirt that said Team Member. I told her not to rest until that shirt said Captain.
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