Are there any ascertainable benefits retiring under rule 60? I couldn’t find any
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You would think if you qualified for this and left the bank, they would just give you all of those BAC shares/units we are all getting through that shared program now. I know now if you qualify and leave the bank you are getting a prorated amount but the bank should throw the person a bone and let them have all the shares when they leave as some sort of perk for the rule 60 people. At least it's something. BM won't do that though.
I can't tell if these poor saps on Flagscape who are being lauded for having 50+ years of service are exemplary of the mo--ns who work here who cannot manage money, or of good folks who are so screwed by our sorry retirement system that they can't afford to retire. Either way, I can't see working here that long as being something to brag about.
Retiring from the bank is essentially just quitting. There is really no benefits either way. Rule of 60 provides nothing extra.
I liked getting a lollipop in the pneumatic tube when my Mom cashed a check! The tellers recognized me and always remembered I liked the green ones best. :-)
Now, THAT was Client Delight!
I'm old enough to remember when banks would give tosters, blenders, steak kn--e sets ect, when you opened an account. Back in the good old days with free accounts, tellers and bankers always willing to help.
You only get the free safety deposit box if:
- It is the smallest size offered.
- There is one available in your local branch. (good luck!)
- If you even have a local branch any more.
Ha.Ha. The joke's on us!
P.S. Plenty of free banking available from online banks that have far fewer "other fees".
Free checking, free safety deposit box and a foot in the a-s.
I kept prorated stock options, and also was eligible for a bonus for the year I left. I suspect the first was due to meeting the age of 60, but not certain.
Keep banking benefits, can enroll in the health benefits at an exorbitant full retiree price, and get one additional annual 401k contribution the following year
Rule of 90, a free toaster
Rule of 85 you get a set of steak knives.
No, you get extra services from the bank. But honestly it’s not that big of a deal.
I'll be rule of 70 in a few months and it's more beneficial to be laid off than to retire, especially when you have 20+ years under your belt.
Free checking?