There were threads on here weeks ago and rumors going around about retirement changes Anyone have insight into this rather than speculation?
11 replies (most recent on top)
I heard this wasn’t true
@1yfn exactly! KM brought in to consolidate functions, drop the ax on our pensions, then move on to her next job. It's all about stock value and the dividend.
@qxi+1nH2gtX
That’s yammer. Is there a zoom channel too?
Having no pension means no more guaranteed protection for the NRE's.
You all realize this is why they brought in the new CFO right? Just doing her job. She will become a CEO somewhere else soon.
Yet another POS move by Durwood and company
The only bonuses will be the same RSUs to the same overseers.
So nothing added on that front.
Pensions made sense when there was need for best/brightest.
Or to keep unions away for the field-hands.
It's a business. It's not about you.
@rmp+1nH2gtX3 goto/yammer and search Retire in Five
Pension will be cut and bonus will be implemented (for those already vested you will keep you benefit)
After that we will see that pension people will be target on ranking
Also another big wave of cube pictures
Stock will pop the day this is announced. Winning… bringing shareholder value.
Anyone who was hired within the last three years will not be eligible for a pension. They will have a value for their three years they can get when they retire, however they will not receive any additional pension benefits starting in 2024. Anyone hired prior to 2020 will still accrue pension benefits as before. ExxonMobil realizes that most people who recently (as in the last three years) joined the company aren’t concerned with a pension and most companies do not offer a pension. This is to make ExxonMobil more competitive with other companies and focus on what is important to employees because we care.
Read posts on Zoom Channel Retire in Five. There are several posts there regarding 2024 changes.