Thread regarding AT&T layoffs

Now that Stinky and his HR Gal has ticked most employees off. It is time retirees put some effort into comparing AT&T retiree discounts to what you can get at other vendors at retail. You'll find better deals outside of AT&T retiree discount and most importantly, AT&T gets some pay back for screwing retirees with their penny pinching. Hit them back in the pocket book,

I am amazed that they still offer us half the things we get in craft as inept as leadership is. Misfiring with business prospects at every turn. You couldn't write a Hollywood script for how bad our leadership is and yet they still exist.

Maybe Don Knotts, if he were still around ... "The Gang that couldn't lead straight" and the punch line is that they actually have the stones to think they are great leaders ... lol .... taking my lump sum ... rolling everything into my IRA's and getting the heck out of Dodge!

One thing is for sure, those that stay will surely be looking over their shoulder for the rest of their "career"......have fun with that.

They lied to you your entire career....you will ecieve medical insurance when you retire.....
Fool me once......

If your business plan stinks and you cant attract new talent blame everyone around you and push them out the door. This is what we get from the smartest man in the room? OMG with leadership like this it seems that AT&T is going the way of AOL, Hostess, Enron and Eastern airlines. Hold on to your wallets boys and girls....

I foresee the HSA going away after 2023 which is going to really hurt a lot of people.

Stankey said today “we will continue to fiddle around with the equation” until we take everything away we can

Read the FAQ the OP mentioned, it clearly states benefits can change ANY TIME including after you retire. What they promise today if you leave before 1/1/22 will likely be taken away before you turn 65. Don’t be fooled!

@fby
After 2023, I'm expecting that I can participate in the company's Medicare Advantage plan, which is not a bad plan. However, that plan doesn't include the HRA.

Right now, with the HRA, I get $2700. I have a $0/month Med Advantage plan that provides for free annual physical, dental, vision and my one pr-scrip-ion is a Tier 1 coming in at $0. So, the HRA goes towards paying the $1800/year Medicare Part B, and I can net around $900, and less if I have miscellaneous expenses.

While I can handle anything, what I am expecting is the loss of that HRA, which means I have to pony up the Medicare Part B, which keeps rising.

As far as pre-medicare is concerned, at least for occupational, there has been a $12,500 "blended" cap per retiree. Any inflation in health care is eaten by the retiree. But, for a healthy person, there are low cost or no cost plans, and they all provide the bankruptcy protection that allows one to sleep nights.

I slept well. But, I also knew how to work Obamacare if needed. In particular, one has to avoid expanded Medicaid if 55 or over, because every cent spent is owed back in Medicaid estate recovery. But, I have a fat 40K that could generate the necessary income to finesse the Obamacare. But, never needed to do it.

@lnb+19uc5qlh ..... exactly right .... people need to plan for themselves and have exit strategies ... or just buy a new vehicle every year and other stupid sh*t

I am ready to go and the increase in benefits (about $600 per month for just me) will not k–l me. Right now it is more of a trust issue. Don't trust any on the management of this company (arrogant and pathetic human beings) and don't agree with where they are going. I will also look for alternatives to the money I spend with their company every month. Even with my "retiree discount"...there are better deals (mobility, uverse, DTV, etc) and I will then have time to seek those out.

Whether you are 50 or 64 or somewhere in between, if the elimination of this $1K-ish per month benefit were to break you, you are in a bad place and need to produce more income and/or assets.

Current Bargained employee's have garunteed healthcare at least thru the end of the current Union contract. Anything after that's free game to the company. Not counting on any help when i get to 65 in a few years. Just maybe the country will finally have universal healthcare.

It's been like that since the 80's.
The company has zero obligation to bargain retiree health beni's .
They do, but they can cancel or amend at any time.
For retired managers, it's even more risky.