Thread regarding Sears layoffs

At 60 years old I need info on retirement. I've been there (Kmart) for 16 years

how is 70 points determined? There is nobody left that knows in our store. This is Kmart. Does anybody know?

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Post ID: @OP+I3ix5Wm

10 replies (most recent on top)

Sears is a garbage company. The only reason stores still exist is because Eddie Lampert puts his own money in. Sears stores not only don't make money, they loose money every day they are still open! Nobody shops there anymore.

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Post ID: @fMtpo+I3ix5Wm

@dyzgh- No. You are not eligable

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Post ID: @dycsz+I3ix5Wm

A question for anyone who may know the answer please. I started working for Sears in May of 2000 and I stayed there until my store closed in March of 2017. Am I eligible for pension when I get to retirement age. This won't be for many years though.

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Post ID: @dygzh+I3ix5Wm

Thank you, kmart wolud not help me on this 😡

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Post ID: @9Khmm+I3ix5Wm

Reply to "At 60 years old I need info on retirement. I've been there (Kmart) for 16 years". Call the Sears Holdings Benefits Center through 1-888-88sears. They can help you. Every time I have called I actually got someone that could speak and understand English.

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Post ID: @4xkp+I3ix5Wm

Ok, that is what I thought. I do thank you for answering. I think I will just slide on in to the shore from here. I make less than $1 an hour more than new hires. Kmart will get what SHC is paying us for likewise. That is what we are worth to them, that is what they get.

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Post ID: @2irn+I3ix5Wm

I really thank you, I am not eliglible for anything, best I can figure. But, I do watch utube videos of things that make me feel good about life- like andy Griffith or the waltons.

Thanks for answering

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Post ID: @1xcg+I3ix5Wm

Oh dear!! Really old like from the 90's!! Try late 70's

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Post ID: @1cag+I3ix5Wm

Sears Holdings Pension Plan was created from the merger of the Kmart Corporation Employee Pension Plan (frozen January 31, 1996) and the Sears Pension Plan (frozen December 31, 2005).

On January 30, 2008, the Kmart Corporation Employee Pension Plan and the Sears Pension Plan were merged to create the Sears Holdings Pension Plan. Each plan was frozen prior to the merger: the Kmart Corporation Employee Pension Plan on January 31, 1996, and the Sears Pension Plan on December 31, 2005.

For the purposes of vesting and eligibility for early retirement and certain forms of payment, active associates continue to earn service if they were participants in either plan as of the date each plan froze. Service after the date each plan froze is not recognized for pension benefit accumulation. Associates who were participating in the Kmart Corporation Employee Pension Plan as of the date the plan froze also continue to earn points toward reaching their “90 points.”

https://88sears.com/MyHRHomePage(88Sears)/PensionPlanInformationandNotices/tabid/382/Default.aspx

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Post ID: @1xns+I3ix5Wm

i didn't think Sears/kmart had a retirement plan. I think they stopped that years ago. I could be wrong but the only people who I hear talk about the retirement/pension plan are the really old timers who were here since the 90's. I would just get a retirement planner and let them give you some options.

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Post ID: @1msk+I3ix5Wm

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