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Not really from Vienna |
“So if you were already leaving 8/31, are they basically now paying you to not work until you would have retired anyway?” This is the way to look at it, IMO. They actually did you a favor, as long as your retirement program wasn’t adversely affected. | |||
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Nullus Anxietas |
I find this "vent" a trifle confusing. First of all the use of the word "resourced." From the context I'm assuming that means laid off. You were laid off due to a RIF, right? Secondly: They essentially paid you to not work until the time you were going to retire, anyway. Three months of income for doing nothing? Hell, I'd have taken getting RIF'd at three months prior to my planned retirement in a NY heartbeat and laughed at the stupidity of that move on their part all the way out the door  I'm not criticising you, mind you. If nothing else: I'm sure it took you by surprise. Some guys don't tolerate retirement very well. Ran across a guy working behind the sporting goods counter at a Walmart in East Undershirt. Being out in the boonies, it was still a Real Sporting Goods Department. He'd been retired. Got bored. Went to work part time just to have something to do and regularly meet people. So if that's your issue: Once you get your feet on the ground in your new reality, start looking. Me: I'm lovin' every minute of having to answer to only one other drummer than my own, now "America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe "If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher | |||
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| Savor the limelight |
resourced 1. Provided with resources; having all the materials, money, etc, required to function properly "I get the 90 day severance etc" I guess that does meet the definition. Congratulations on your retirement. | |||
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| Let's be careful out there |
Big Blue stopped being smart years ago. The last of you good'uns are gone or going. | |||
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Legalize the Constitution |
Best wishes in whatever you decide to do going forward. _______________________________________________________ despite them | |||
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quarter MOA visionary |
Thank you - I was struggling with the reference. As far as retirements go they are usually bitter sweet especially for a long time employee. I wouldn't say just because a company lays off someone they are necesarily deteriorating - more like adjusting to business conditions. Especially the technology field has changed more dramatically than any other. Still being appreciated for what you do is always under rated even if employment is a two-way business relationship. Just enjoy your retirement - life moves on. | |||
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| Member |
Resourced?? I guess it is corporate speak. I remember the first time I heard downsized from an HR guy. I asked if that meant people losing jobs. He said the company no longer used that term. I guess IBM is woke. | |||
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| Member |
Yea, ‘resourced’ is IBM-speak. In 2016 I was also resourced at age 62 and 34 years with IBM. In the paperwork I got, they said there was a Resource Action taking place and I was part of it. Wasn’t really ready to retire, but then said what the hell. Cheer up V, much bigger world outside of IBM. | |||
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Equal Opportunity Mocker |
I agree with the others, they knew it was a dick move and they essentially made you whole for the time you're losing on income. It may just be me, but I rank giving me all the money to not show up as > giving me same money and me working every day. Get your fishing gear out, and go work your way through the local rivers and streams. Won't take long to see it my way. 41 years is a heck of a run, by the way. Salute. ________________________________________________ "You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving." -Dr. Adrian Rogers | |||
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Member |
I was raised by My Grandfather who came up in the era of work hard, do a job to be proud of and the company will reciprocate. That changed in the 70's with most not knowing it. I gave my all, as many did, to a company that kicked me to the curb without a care, as many were. People started understanding and the "hop scotch, get trained, move on to better." started. I wasn't built for this behavior. I struggled until life happenings put me on the sidelines. The OP's pain is known by many. I hope his future is pain free and prosperous. If you haven't got a plan "B" get one ! | |||
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| Member |
Got RIFFed from a mega-corp 17 years ago. They stuffed my pockets full of money and kicked my hardworking loyal ass out the door. That desk would probably have killed me before I made retirement age. Don't forget Unemployment Comp. | |||
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| Nullus Anxietas |
I think most guys retire too late. I retired at 66+ because I wanted to maximize my SS benefits and, quite honestly, I wasn't ready for retirement until about 64 or so. By 65 I was looking forward to it. By 66 I couldn't wait. So that was the right time for me.
That's for if you're unemployed and actively seeking employment. "America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe "If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher | |||
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Member |
. They expect you to work until the last day, I’m finding out if i can retire asap and still get the 90 day severance | |||
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| Member |
Well the sting has worn off a bit, im looking to retire even earlier then planned if i can still collect the severance etc they offered. This will give me more time to prep the house for sale so that i can move out of Colorado.This might all work out for me. I’ve been in FE since i was 21 and started in midtown Manhattan.Been with ibm longer than almost 2 marriages.Met alot of great people both beemers and customers and shared many a joy and sorrow with them.I will find something that I enjoy to do. Thanks for all the responses its been a help | |||
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| Lawyers, Guns and Money  |
Lot's of good advice and thoughts here on the forum. So I'll just repeat that. Enjoy it. You earned it. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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Member |
Our computer guru is retired from IBM as a (software?) engineer. He didn't want to sit around so he does computer work freelance. At $25/hr, it's probably not as much as he made while at IBM, but it's now more of a hobby than a job. He's busy 6 days a week but he sets his own schedule on how much he wants to do. Use your skills and build a new career at your leisure. If people would mind their own damn business this country would be better off. I owe no one an explanation or an apology for my personal opinion. | |||
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| Member |
Avoid the urge to stay up late at night and sleep in. | |||
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| Nullus Anxietas |
LOL! Yeah, that can get out of hand quickly. We've moderated it, some, in more recent months. And I got out of the habit of staying in my PJs nearly the whole day long. Now getting back into the habit of shaving more regularly, too. "America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe "If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher | |||
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| St. Vitus Dance Instructor  |
I think you can apply for unemployment benefits. | |||
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| Member |
So after the initial shock and confusing information given i do not get 90 days severance pay. All it is i get 90 days to find a job, get retrained for another ibm job or try to seek some other job within ibm. So you just get paid your salary plus one month salary, 1 year medical coverage and a reimbursable 2500$ that went to some kind of education you performed.So Monday i will call hr and see what all the options are . | |||
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