I’m one year away from being NRE (Near Retirement Eligible, 52 years old and 12 years service), and just received notice I’m NSI, with 21 days to choose either PIP or PIL. If I choose PIP and survive, and then receive a second NSI next year when I’m NRE, is there any hope of retiring with my pension? I read in the recently updated FAQs (very sus) that NRE NSIs get different treatment (ie, not a PIP), but can’t tell if it’s a safer status, and whether I could even bridge to it. Can’t help thinking they picked me off in my most vulnerable window (call it NNRE), but with so much at stake - including health care and tuitions for our special needs children - trying to put conspiracy theories aside and manage risks to maximize my take for their sake.
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NRE is actually 53 1/2 years.
If you’re NRE you are bulletproof my friend. They wouldn’t dare terminate you for fear of lawsuits.
NRE status begins if you turn age 52 anytime during the same year as the assessment (so if u turn 52 on Dec-31 this year you are already NRE this cycle).
If you are assessed NSI and are NRE you are not required to pick PIP versus PIL. Instead you get documented career counseling. I've been through the HR training for supervisors and have seen the slides that describe this but I don't recall the exact wording. If you get NSI'd every year throughout your time as NRE and get NSI again after you become retirement eligible then PIP/PIL are back on the table, but so is retirement
It’s a terrible company to work for in the first place! Managers don’t have ethics and are scared to do anything right. Good luck!
Omg - there is some id--tic advice here.
In your situation - You should try like he-l to pass the pip…. THEN next cycle you will be NRE and protected until age 55 then you can retire with access to the medical insurance and additional options with your pension.
This is one of the few scenarios where you should try to pull this off! Good luck!
I was pip'd last year and made it through all the hoops. New boss made it doable and was supportive. I made it out of sheer determination and anger. To old boss who threw me under the bus :
GOTO/HE-L
Sorry to hear this….I got pipped in 2021,passed, been bitter ever since and still looking for a new position. The pay and benefits is the only thing that keeps me around. Do just enough work to not get in trouble. I would just wait the 20 days, dont do anymore work, and take the PIL last minute. F ‘em
Whaaaa????!!!!!
...."NNRE is like a 3x quantifier in the data model. Even higher than salary/rate or slacking. All lawyer-approved.".....
Can anybody fact check/confirm this????
Sorry to hear this man. Good luck!
Take the PIP until you can find another job. It takes time but the job market is very good right now.
Don’t expect things to improve. This is a horrible place for mental and physical health.
I like that: NNRE.
In fact, that is a defining qualification for Pip-worthy in the vast multivariate analysis performed by the external contractors doing this dirty work.
NNRE is like a 3x quantifier in the data model.
Even higher than salary/rate or slacking.
All lawyer-approved. Also external contractors.
What to do now - as suggested below, move on and out as soon as possible. The vested pension won't be yours for a while, and you go mouths to feed now.
My understanding is you won’t be retired status unless you have 15 years of service and are age 55 or above.
You’ve vested your pension after 5 years, so you are not losing that.
Last I read the pension guidelines, I thought you could still wait until 60 even after leaving the company and still receive 100%. Granted you won’t be able to take the lump sum since you are not retiree status (have to take annuity). And your amount will be less due to having less years of services and likely a lower avg salary than if you stayed additional years.
You'll still have your pension money, you just won't get the additional retiree benefits
What I would do in your situation is to "double dip".
1- Take the PIP, and
2- Begin the transition to a new job.
Keep it cool, collected, amd calm, and have a "forward looking" conversation with your supervisor. Express that you want to improve, make him/her come up with a plan with objectives and do your part impeccably so he/she doesn't have any reason for not to check any box in the PIP form.
Simultaneously, update your resume, start engaging your network, if you feel like it, hire a recruiter, and most importantly, stop telling to yourself and believing that 51 is too old for anything, I know entrepreneurs starting up successful companies at age 70.
Also, remember the "sunk cost" fallacy: you might feel that you need to put more effort in staying at EM (passing the PIP) than in transitioning to a new employment with a new employer because you have invested many years in EM and because you are so close to NRE. That's a limiting belief. You need to let go this thinking.
You will get through this and come ahead, both financially and professionally. But you need to navigate the transition with serenity and emotional intelligence. Get that job search going and focus in what you offer and in finding an employer that wants what you offer. EM doesn't.
Just take the PIP and pass it this year and you’ll be safe until 55 and can retire with your (discounted) pension. You have a few years to try and boost your performance if you’d like to make it past 55. But if you strikes out 3 times in the next couple of years you’ll likely be gone once you leave NRE status. I doubt they would try and fail you this year, it’s too close to NRE.
Sorry to hear this.
A lot of people just short of 52 (=NRE) were canned in the Dec 2020 layoff. Very highly skilled and ranked individuals included. Goes to show how calculated this whole thing is and gives you a glimpse of what the career trajectory might be for senior staff.
I’d suggest talking with your boss (and their boss) to better understand the ranking. Was it because of a number’s game (someone had to go there) or legitimately poor performance? Would also ask likelihood you’ll pass - or is your group being downsized?
My concern was that the 52 “safe” age was arbitrary and could be stripped at any time. Or, that the pension would still be in full effect if I waited to 55. There was no way I’d make it to 60, so would never have received 100%.
There are NO guarantees. I’m not keen on that kind of risk and wanted to get out of Texas, so took the lump sum and ran. I figured with 10+ more years of work in me, I’d invest the LS and find another job. I did and it is all working out.
Start floating your resume and talk to contacts. Might not happen right away, but good to have options.
There is essentially a quota of PIPs to be doled out. You are likely getting one because you only have to get through 1 PIP and then you are NRE and protected from termination until you reach RE at 15 years. Goto/usmlrp explains this
It’s me again. Sorry for the confusion. I am not yet NRE - I’m 51, so 1 year away - and the NSI was unexpected, inconsistent with my ranking historically. Appreciate the advice and insight….
Sounds like you had just made NRE status based on year end service (years 13, 13 and 14 are NRE). If that's the case you're ok. If you really were one year away from NRE status and you received NSI, it means if you don't pass your PIP you will be terminated without achieving full annuitant status. If that's true, what the he-l did you do wrong?? If nothing really then the Company has truly lost its way. I'm sorry to hear it. You are phucked. Get those kneepads and KY out and try to save yourself
Misread this… thought you were 52 already. How did you do last year with ranking? Was this totally unexpected? I would talk with supervisor to see what the chances are you’ll pass… how much do they like you?
I’ve seen people pass the PIP and then, get canned / laid off only 6 months from being NRE. I was a year from NRE and took the PIL because I 100% didn’t trust management and was done with the mental anguish of working there. Helluva tough to start over @ 51, but possible and most empowering thing to say, “take this job and shove it.” That was actually WORTH the money I lost from quitting. Your dignity and mental health are worth MORE!
Good luck with your decision!
Of course EM alerts their employees BEFORE the US holiday weekend, because that’s what genuine CARE looks like. Now instead of enjoying this time with your family, you get to endure mental anguish over your whether you’ll still be employed by year end. Nice work, EM Management! 💩
I’m sorry you got hit with this at such a vulnerable time in life. EM is pure evil. But I thought if you made it to 52 you were “safe” from layoffs?
Is it now 53?