Thread regarding State Farm Insurance layoffs

Why do u think they are totally in the toilet now trying t0 scramble to keep there heads above water. When they lay out the 2012 changes they obviously didn’t know what they were doing to the future. What other changes do they have ready to roll out.

I see panic in the tower SVP total waste of $$& at State Farm. Our just went to San Francisco

For doing nothing but losing our a-- in the market.

It’s time to get real what the heck is going on.

We all got screwed on the retirement change on Medicare supplement, PV, life coverage And not to mention the health insurance cost.

I agree nobody give a Sh-- now, they really screwed up on this change. I hope it was worth it.

Wonder why we are losing our a-- in every line of insurance and ranking 25 in claims service prime example of this train going off the cliff.

Best to everyone I can’t wait for my day to say good bye. I already switch all my coverage from the Farm. It’s amazing paying $1346 less a year on everything and I don’t get calls from my agent about getting a SF credit card every month.

They screwed thousands on health deal being 50.

Hope it was worth it nobody give a shot now.

What’s id--ts.

Internal concept with the Farm a lot of people got screwed on the health Insurance end.

My premium for my spouse if I retire before age 65 is $1330.00 per month that’s just for my spouse. Mine is like $300.00.

All while SVP’s are retiring on 50k per month with just there pension.

What a total hose job, I’m sure they used got to be competitive in the future.

It’s all about taking care of yourself going forward unless u are and id--t, just waiting on meeting for pension freeze.

"Whats with 50 anyway? EEOA starts the protected class at 40. If 50, then why not 55? Is this some internal SF only concept?"

The reason is because it's the 50 plus group that SF went after hard. I believe for the most part many of those in their 40's were nervous but survived....they had to leave some adults around.

Whats with 50 anyway? EEOA starts the protected class at 40. If 50, then why not 55? Is this some internal SF only concept?

@5hul......Class Action? Because your former employer made changes to the benefits package (a normal business practice everywhere) 7 years ago?

That’s an aborted non starter.

Start a class action. I will sign. I was in my 40's with 26 years.

State Farm does not care anymore.

This is a great and useful thread

Interesting. The young folks who came on board within, say, the past ten years have been actively involved only in State Farm losing market share and leadership position. But they’re pretty c---y about thrashing the seasoned vets who came on board the industry leader and actually continued to grow that position.

Those folks you’re trashing actually know what it’s like-and what it takes-to be the true industry leader. Maybe you should listen to them when they say the current way doesn’t work.

Yes it is a federal law that age cannot be used as a factor in determining benefits and or pay and employment.

If I treated State Farm customers like executive treats their employees, I would have been terminated. So much for accountability.

Remember when we were going to the cafeteria type plan. Everyone got the same amount of money towards their benefits whether you were single, married, or had dependents any excess $ could be used to purchase more vacation days. Like that ever happened. LOL!

No, you had to be 50 to be grandfathered in! I like the OP was 48. Just like we lost our huge sick bank! Certainly not the same Co. we started with. I just hope I'm at the grandfathered age so the let me alone!

I agree with the OP that the 2012 benefit change was a raw deal, especially for long-term employees in their late 40's. Personally I had started at age 17 and had 31 years of service, but was only 48 when this change happened. They didn't recognize years of service for hardly anything going on during that period, as it turns out it appears it might have been the beginning of no longer wanting long-term employees.

The 2012 changes were BS in how they were administered. At this point though I doubt anything could be done, and probably couldn't have been done even back then. Also, the unused vacation not being included in your pension calculation was changed a few years earlier and wasn't part of the 2012 change.

As far as the always present comments stating this is what companies do, " you're not promised anything etc". For my first 25 to 30 years at SF we were told over and over that as a mutual company State Farm wasn't like other companies with a large profit motive. SF would always treat employees well and they did. To act like everyone just expected benefits to continue just because they hoped they would is wrong. The company held themselves out as something employees could count on and it was a partnership. You did your part and remained loyal you would have a secure future. What has happen the last number of years is the company started viewing employees as an expense to try minimize regardless of skill or performance. (That's the broken promise everyone talks about.)

If you work at SF now you better make it up to at least the AVP level by the time you hit your 50's or stay a low paid employee, otherwise there will be a "structure study" in your future. Code for let's get rid of the expensive old people that aren't in the "club".

I felt betrayed by this change as well. For 25 years I worked for the company with the understanding that these benefits would be available to my family when I retired. When the Company reneged on this promise, they lost my loyalty.

I quit when I was 50 but I was in same boat as you, I think I too was 48 and had like 26 yrs of service and I feel short changed for the same reason. Someone could start at 45 yrs old and be there 5 yrs and get more benefits than I at retirement.

It made it even easier to quit early, because what am I hanging in there for if they keep taking stuff away. I can't believe I had that carrot hanging in front of my face for so long, and 2 yrs from 50 and 7 yrs from the 55 yr old retirement age, and I lost all the good stuff.

If you are successful w/ any lawsuit let me know. I figured that SF ran this past someone so they would not be sued.

Package will include increased 401k match, more PTO, larger percentage allowed off at one time. Good times ahead.

@7K-in’s. Naturally, they ran it by you first. And of course it needs to be reviewed in order to make choices during open enrollment, but it’s not like anybody can negotiate themselves a different package.

Remember --- next years package is not good. They want to sell you on how good of a deal it is. Look into details.

Next year a new package will be available and its good.

Um, it's 2019 now. The time to have been morally outraged was 7 years ago. The Statute of Limitations has tolled for filing a lawsuit & they win. Again.

It was age and years of service

Thought it was 55.