Thread regarding Chevron Corp. layoffs

Sorry that you took the annuity, but why the interest, didn't the last post mention that very few people even take it? Also people who take it are not likely to be around in 20 years and have no heirs. Common sense. But that's not prevalent on this site.

Good luck with the fixed income annuity as the US prints more monopoly money. Inflation is going to make those annuities worthless.

95% of people take the lump sum because the annuity has no cost of living adjustment and therefore not worth much in 20 years.

Is this a dating site for laid off, whiney Chevroids? Hit me up!

Clearly should not be lay-off.com. What about Branding it id–tsWhoTookTheAnnuity.com

Uhh, This is "Thelayoff.com". Period.

@1bsj, I am deeply saddened from reading the story of the death of your fictitious husband who supposedly died and supposedly took the annuity. What is surprising is that in your fictitious story, your fictitious husband didn't take the most popular annuity option, that 99% of retirees take, the 100% joint-survivor. In that case, the monthly payout to you would not change, and will remain in place until you die. And with the other options, you would get far more than a small "fraction". So, I have some advice to offer. The next time you make up a cool story, attempt to make it at least a little believable, bro, at least it will gain some traction before completely dwindling out. Other than that, cool story, bro.

Yes, as one poster noted below, It’s also fun to read all the spin by the bitter trolls who were not laid off and not found anything better to do with their lives and have no friends, nor social networks.

My condolences to you for having married a financial stooge. You should have selected more wisely!

I thought with the annuity you can select 100% joint survivorship in exchange for a smaller monthly payment.

That’s a difficult thing to go through @1bsj, and my heart goes out to you, but with the market dropping, you probably aren’t too much worse off anyway. You made the best decision you could have with all of the information at the time, so don’t second guess your decision now. Plus, all of the CVX annuities are joint, so you should still have a nice guaranteed income coming in regardless of where the market goes.

It’s also fun to read all the spin by the bitter trolls who were laid off and not found anything better to do. Talk about entertaining!

@1bsj, so sorry to hear about your husband. My sincere condolences to you and your family.

@1bsj, I’m sorry about your husband’s untimely death. Sadly, there’s no guarantees in life. The Chevron pension annuity was probably the wise choice for the two of you, but nobody has a crystal ball to see the future. But usually the retiree who chooses the annuity already has a large retirement portfolio that’s carefully invested, has no longterm debts or financial burdens, and lastly— their health is good and they lead a healthy life. You are one that unfortunately planned well, but sickness unexpectedly took your spouse’s life. My condolences for that.

My husband took the annuity instead of the lump sum and then died of covid. Now I get a fraction of what we planned. Word to the wise, take your lump sum homies.

For the next 18 months there will be no layoffs unless the oil prices go below $40 for extended period of time.

I’m waiting for the “but this IS a layoff board...whine, whine, whine and you’re not talking layoffs....whine, whine, whine.