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Be more toxic you say? Between 2012 and 2019 the surplus model for my organization was 90-day cycle to surplus, and skip a quarter. This meant Q1/3 had surpluses and Q2/4 did not. The 90-day quarterly cycle was to announce a surplus by the 12th and to notify the affected individuals by the end of that month, give them 60-days to find another job or be shown the door such that by the end of the 3rd month of the quarter all was done.
With the latest reorg, with a new VP that called for a 10% surplus within days of the reorg the cycle is now 30-days and it seems they are skipping a month between before the next surplus. In fact, any team call for my team, within this org, is essentially just to announce the impending surplus. There is no good news and hasn't been for years.
@1rmd, yes, she is protected, and the shocking number of other family members and friends of the upper echelon of the elite in this rudderless company. You be bet your bottom dollar on the fact that none of them will lose their jobs or have reduced benefits through a surplus, or mvo.
They could keep hiring minorities into middle management jobs, and promote white women into executives positions to give everyone the impression that there isn't a glass ceiling.
The pensions was "wacked" in district 3 in 1998 and the union signed off on it.
I’ll happily give my tax $$$ to the current president without question! Biden has done nothing for almost 5 decades and is now controlled by the left wing extremists! Don’t you dare come b___ching on this site when your taxes are doubled if by a very slim margin he makes it to the Oval Office!
“ Sadly, yes, they can wack the pension. I checked”
You checked with whom exactly?
They can’t simply steal that money. A pension plan could fail, but there is currently no danger of that here. You can read the mandatory pension funding statements annually.
Re: making pension eligible take a lump sum and forcing it into the 401k...maybe.
But I’m ok with that, as I’m going to take a lump sum anyway.
In United States of America The whole purpose of economic activity is to get all the money to billionaires.
Not surprisingly, Who could have known that a serially bankrupt c-sino mongul would be ONE DAY the leader of our country.LOL
Greed Over PEOPLE always wins the day!
Pensions have been robbed by failing companies a lot! Best advice is if you have a pension and are vested leave when you’re eligible to hit the 75 rule get out ASAP with the lump sum so the company can’t steal your funds! It can happen!!
Some people are talking in this thread about whacking the pension. Back around 2015, new employees didn't get the 5%-of-pay, cash-n-carry pension. Instead, they got a slightly higher 401K match. Therefore, we already have a five year backlog of people without a pension. I doubt their idea is to drop the pension, but certainly to phase it out. However, if things get bad enough, they may manipulate the cash payout versus the annuity. If they were smart, they would offer vested employees the option of taking a percentage of the cash and carry amount right now, while they are still employed. They could offer perhaps 80-90% of the full amount if you want it now, like JG Wentworth. Everyone who decides to take it and buy a car is happy and still employed and the company saves 10-20% of the pension payout. Not forced.... Purely the employees choice. Talk about a money saver!
Randy and John have been doing a great job of DIVISION and then Rewarded with MILLIONS For years
One can assume that Johns Stankeys Daughter (Meahgan Stankey ) is part of the “UNTOUCHABLE ELITE CLASS “
Divide us based on race, gender and s-xual orientation?
They can force a tech with 32 years of service to suddenly work the night shift without recourse.
@zxu+16yw7usI i thought huawei is banned from doing any business in the US?
They can force DTV Prem Techs to work 6 days in triple digit temperatures while s—ing down toxic wildfire smoke so some twat can have her dish reinstalled on her two story house now that the roofers are finished.
Sorry to give Stank any ideas, but they can publish the salaries and names of the younger ones and foreign workers who are replacing you as they kick your a– out the door.
Sadly, yes, they can wack the pension. I checked.
Not much
@kan, yes they can. I used to think that they'd never do it, now I'm not so sure. In the past, way back when real companies had them and got rid of then, they take the pension and stuff it into your 401k.
"Next move will be to wack the pension"
Define "wack the pension"?
I am vested in my pension, and they owe me $ XXX. They cannot simply do away with it.
Next move will be to wack the pension. That will motivate just about everyone that has MR75 to leave! More openings for Mumbai U grads!
Attempt to buy T-Mo
Buy DTV
Buy WM + CNN
Make Stankey CEO
Put Ratty on the Board of Directors
Look so terrible you attract The Elliot Group
Continue to replace your workforce with H1B's from India
Replace whoever is left with foreign based consulting firms
Hire Heuwei to run your 5G network
Oh wait, we did all this already, hence why we are the DeathStar, everything we touch dies.
It makes me ill to look at this laundry list of real life errors.