With all these changes and uncertainty and how SF has been treating employees I just find it hard to give a rats a-- anymore. I come into work with 0 motivation to do anything now until the fateful day arrives when I hear if I have a job anymore. My dad was cut recently (2 years from retirement) and because of it his pension is 40% less and now a company that he's loved for 30 years is now his most hated thought....what ever happened to the greatness that built this company? So sad to see the way things are turning out. We are the next Sears/Kmart with how things are going. Happy Thursday...I'll be at my desk sipping coffee and trying to be productive....
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LOL. I mentally checked out about 3 months ago.
We were told in a meeting earlier this week that nobody has mentally “checked out.” So the OP CAN’T be correct!
So much bullsh1t on this post...lol. The pension fear mongering is strong. Just trying to weed out more of the weak, brittle hands!
As I've posted before, when pensions are soon frozen, metrics will be utilized to determine cash value of individual pensions. The amount determined will then be paid in a lump sum to recipient
Don't we have to actually ACCEPT the cash buy-out? I know a couple of my friends who used to work at the Farm were offered pitiful cash buy-outs a few years ago; they said No.
Are you saying we won't have the right to deny their offer? If that's the case, there had better be some clause in writing somewhere that justifies it or they're going to get their asses sued.
As I've posted before, when pensions are soon frozen, metrics will be utilized to determine cash value of individual pensions. The amount determined will then be paid in a lump sum to recipient. Cash or cash with 401k contribution. If your under 55, by the end of 2018, leave via QTD and/or still working, this will be your only option. Unfortunately, I'm confident my days are numbered here in Bloomington, so might as well get the info out there so people can make the best decision for themselves and their families. Good Luck to all!
Wow thanks for the “blast from the past on ESS.” Had not heard anyone refer to that since JR retired-that is because he was the only one that paid attention to it because it was his idea! If you believe anyone else is paying any attention or even knows what was in the ESS that is laughable.
Try 10 cents on the dollars PBGC , That’s a Maybe with GE, State of Illinois , P&G, Delta, Ford totally under funded.
The pension going frozen shortly this has been the plan since the early 2000’s after the Enterprise Structure Studies.
40 percent and 2 years doesn't make sense. PBGC doesn't guarantee full pension.
The survey is NOT anonymous
The insurance business as a whole is struggling, it is not just the Farm. It is all large insurance companies. The huge wildfires in California, two hurricanes Texas and Florida, mindless drivers paying more attention to mobile phones than the road, arsonists, hail storms and an endless number of personal tragedies has taken a toll on insurance companies.
Really..."Part of Problem"....check back on this post in a year or two and let all of us know how that "Kool-Aid" you been drinking tastes!! I bet if it tastes good to you, it's NOT "Kool-Aid"!!
Productivity is definitely tanking. Every department that has or is going through a transition plan, the employees are too worried about having a job or not in the next couple months. It is killing productivity.
They’re doing everything in their power to reduce costs. Whether it be payroll, pension, etc. I have a family member who owns a body shop. He told me SF is probably the most generous of all the companies that write estimates at his place....might be one of the reasons they are bleeding money so quickly.
Part of the problem.. nobody is making you stay.. if you are that miserable look for another job and leave
I saw some SF ads last night and laughed. We are in a f---ing death spiral and senior leadership is treating employees like crap to get them to quit so they don't have to pay buy-outs. Then they have the gall to try and tell the public that SF cares about them and gives a rats a-- that they wrecked their car or their house burned down. Please. The only thing they care about at this point is the ship not sinking before they get their bonus, or will it be a parachute? I agree that we are going the way of sears/kmart. I hope to collect my pension long after the company has gone away. God Bless the pension guarantee fund!!!
Crap Farm, you are my new hero!! I think it's time for a coffee too!!
I just filled out an employee survey where I basically told them to S--- IT.
So, yeah.