More $ in my pocket. Thanks VZ for VSP and waiting for lump sum pension. The rate VZ guaranteed was 1.25% until 7/1/19 however, the rate went down to 1% then to .75% and now it be going down to .50%. For every quarter % it goes down the Pension lump sum goes up about 4%.
42 replies (most recent on top)
DOUBLE CHA CHIINNNG. YEEHAAAAWW.
Out of the massive paragraph ramble was one truth: "Being employed full time gets in the way of living"....BINGO!
The rest of it was just rambling braggish.
the previous poster hit the nail on the head. exactly how I feel. great post.
While I am not the previous poster I feel it is necessary to point out some ignorance stated here. The EISP is not charity. It is a bargained for perk designed to save less tenured jobs from layoff. . Who wouldn't want a few extra hundred grand? I love my job conditions , vacation time, pay, etc. as well, however all things in life must come to an end. It was always my goal that as age 50 approached I would seek to move on and enjoy the fruits of my labor to the fullest. As great as 5 weeks vacation plus sick and personal days are it still means you are going to work over 45 weeks a year. Retirement gives the freedom of having all 52 of the year's weeks off. It would be nice to spend more time around the pool. Traveling more than I have been and maybe do a few years as a snowbird. You know the drill the whole Florida in the winter thing. Being employed full time gets in the way of living. The idea is to leave with the maximum payout relative to time put in
The EISP is a wonderful perk to finish off a career with. I am in no rush but would rather leave sometime in the next 2 or 3 years. An EISP would give me that push other wise I wait till the contract end.
I like many others occasionally come here to see what is rumored and what other's takes on things may be. The PBGC moves down are certainly good news it was only 6 months ago that everyone was assuming the opposite. Hopefully it continues on the downward trend are at least holds steady in the medium term. It would be interesting to read about how others feel on this subject. Unfortunately there seems to be a few envious trolls hating life doing much of the posting here, either that or some kid in a basement somewhere? It is anybody's guess.
Lies. If you loved it you would not be on a layoff board looking for charity. Nice try though.
I would not equate a low to mid 6 figure job and a retirement at under 55 as a meager existence. Admittedly it isn't at the tens of millions level but certainly well above the national median of just under 60K. I guess you are a superstar and have made so much you have nothing better to do than berate those who have worked for a living.
This entire thread is worthless just like union labor.
Wrong again. The dumbest trade their lives for meager job that pays a meager wage and spend the best years of their lives working.
Yeah some even think dump means stupid or low intelligence. Those in the know understand it as an inability to speak and is only occasionally associated with low IQ. I would argue that some of the most stupid among us are the most vocal and far from dumb.
Some are born rich, others are born smart. A few are born rich and smart. The majority are dumb.
@4sry Grinding it out? Working an additional few months or year? LOL What are you afraid of work? Your terminology gives one the impression that work is a dirty word to you and that you fear the outdoors. Everyone unless they are born rich sells their life for a wage. Some for more than others. You must be one of the lucky ones living the "dream" spending your unlimited leisure time trolling people as they await a well deserved payout.
Thats right. Keeping grinding it out wasting your life away slinging telephone wires in the heat or the freezing cold. Living the dream! Your life for money.
Based on this news it is best if EISP offers are delayed till years end or first quarter 2020. Keep making cash and building pension credits while the economic numbers further build your balance's value. It is a no brainer you win all the more with a delay. No one k owns what next year will bring but indicators point to it being a lucrative year for those under the contract. So have patience the money is in the proverbial "bag"
some people really need to grow up
Yell louder, I don't think Hans can hear your desperate cries for a EISP handout.
Yell louder! I don’t think mom can hear you from the basement.
You came on here and took a shot at the union! I'm telling! Mooommm that bad man is not nice!
Post 23 is a tard!
Look at post number four! A manager who took the VSP felt the need to come on here and take shots at the union. That’s how!
How did a post about PBGC rates and pensions turn into another war about VSP/EISP and medical costs??? The leaps that were taken in this thread.....smh
VSP...haha! Last one was in 2005. The next one should be in another 13-14 years! Next VSP should be around 2031-32. Haha!
I love working for Verizon with my union job !
Haha. You union people are the most triggered lot on earth. You are all angry at the VSP posts because you didn't get any. Telling everyone to take it to the "wireless board". Why don't you take your righteous union slander to the union board? No one cares about you here. I don't care about stores. Keep fishing bub because you union people always need to get in the last word.
@2bwe sure is angry. Must be jealous of the union workers and p-ss-d about their life’s decisions. Sure am glad there is one less used car salesman in wireless. Hopefully the company will close them down and only sell online and big box stores.....or just send the phones straight from Amazon with startup directions included. If only you were smart enough to join a union. Now you have nothing. Walmart is always hiring.
2bwe- from previous comment- with that diction how did you get passed 1st grade?
I’m retired after only 20 years..derp...I say I have better things to do but here I am on the lay-off site...duh. Loser!
Duh dis guy only has dental for $315 er month and is only $1 million saved after 20 years derp...he gunna runs out of monies and medicals should've got with the unions duh...but he being in moms basement like all the others wireless t–ds yuck yuck yuck! My $40 a month medicines and pensions be better than any wireless goon after my 35 years slavin I dang durn deserves it allz and needs to brag it up on the layoff site! Yups!
This post is just another passive aggressive union troll post. You all can dish it out but can't take it. Babies.
Look at post number four. A manager from the wireless side comes on this site AFTER taking the VSP and takes a shot at wireline union. What loser would still come on here after “retiring”? You want respect, you gotta give respect. This guy deserves none.
Why do you have to be so nasty to each other. You can all make your point in a respectful manner.
Remember VZ helps pay for tuition but manners are taught at home.
This guy is saying that working twenty years in wireless management is better than working over 30 years in a union job at Verizon? He has zero benefits! The company sold out management about 15 years ago...took away medical and froze pensions. This guy only had about 5 years with the company when this happened so you know his pension was near ZERO! Arguing with this guy is like playing chess with a pigeon...when you beat him, he’s just going to Sh!t on the board and strut around like he won. He/she better start practicing for their next job....say “do you want fries with that”?
Doubt you only pay $315 but it’s still much more than our $40. If you are indeed only paying that amount, it must be for dental only. If you’re retired with only 20 years and only have 1 million, you must be still living in mom and dads basement. Mortgage, taxes, medical, car and home insurance, utilities, vehicle maintenance, food, clothing, replacing broken appliances and unexpected bills...you’ll be broke in another twenty years. Should’ve got a union job.
Those people are getting ripped off. I only pay $315 a month. Medicare starts at 65 and yeah I'm young don't need to waste my life working. Laterz!
I know three managers that retired and am friends with them. They each told me that it costs between $8&900 EVERY month....they would have no reason to lie to me. When we were on strike it was even more expensive than that to get insurance when the company pulled ours. Also, correct me if I’m wrong but Medicare is for people who are in their 60’s. If you only had 20 years in Verizon wireless, you must’ve started when you were in your mid forty’s....I highly doubt that you became a millionaire in that time.
Dang. Medicare costs $800-$900 a month. Weird, I don't know anyone that pays that. Bye Union Trolly Troll!
You just have to depend on having enough money to pay the $8-900 every month. I pay around $40. Bye Felicia!
Have fun spending your life depending on Verizon to pay yours and hoping they don't renege on it. I would lose sleep over that. Thank god I don't need to depend on Verizon for the rest of my life. What a terrible existence.
Have fun paying for your medical.
I hear that! The VSP allowed me to pay off my house and retire! Maxing out my 401k plus the match, plus profit sharing made me a millionaire. Who would of thought only 20 years at Verizon Wireless would make me so wealthy? I didn't even have to pay union dues. I'm lovin it!
Cha Ching. Yeeeehaawww!