Could not find any information on workday, does company have any requirements on when you should retire or you can work as long as you want, the reason is I saw so many employees looks like in their 70s. No age discrimination or anything just want to know the policy.
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And look at all the retirement benefits you will receive! Free checking account! Oh, wait! That's about it!
there is no mandatory retirement age.
there is 'eligibility' to retire - I.e. if you leave and qualify for retirement, you can then get retiree "benefits" - which amounts to virtually nothing. your "benefit" is that you can buy medical insurance via WF group rates (you pay 100% of the premium - no subsidy like for a current employee)
So not much of anything
WFC Retirement -Eligibility Requirements in a regular or fixed term (full-time or part-time) employment classification on your last day of employment and meet one of the following:
• Age 55 with at least 10 completed years of service,
• Age 65 with at least one completed year of service,
• 80 points (based on age + completed years of service), or • If you were:
– In a benefits-eligible position and on Wachovia’s payroll as of
December 31, 2009, and your age plus full years of service equaled 50 or greater
– On your last day of employment with Wells Fargo you are at least age 50 with 10 or more full years of service.
To retire you need 80 points. Points are the sum of your age and years at the bank. Of course you can retire prior to having 80 points but to officially retire from the bank, you need 80 points.
We have a gentleman in his late 60’s and one who is 72 and both still sharp and excellent at their jobs.
No mandatory retirement age. I worked on a team that had someone who was 68 and another that was 73. Both were good at their jobs and still work there - they are 3-4 years older than when I was on that team.
On the flip side there was another guy probably late 60s/early 70s that had retired from 3 other places - military, defense contractor, technology company - and was just collecting a check here. He’s also still on that team.
28 years of service