General Discussion
In reply to the discussion: Inside IBMs Purge of Thousands of Workers Who Have One Thing in Common [View all]bearfan454
(6,697 posts)They sold building 60 to Multek in Austin in 1998. It was the panel plant(circuit boards). 80% of the people had between 10 and 14 years there. I had 14. The good retirement kicked in at 15 years back then. These were the choices I had:
Take $79.92 a month for life starting immediately
Take $598.00 a month at 62
Take $698.00 a month at 65
and no insurance. I am damn lucky to have VA for medical.
I took the first option and have been getting it since 1998. Just about all corporations do similar things now days. I will be retiring this year in Oct. I want my age 62 early SS before the shit birds in charge now decide it is reduced. My buddy went to the SS office to sign up a few months ago. They open at 8:00. He got there at 7:00 and 25 people were in line in front of him. The baby boomers(me) are grabbing what they can while it is still there.