Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 04-05-2011, 08:18 AM   #61
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,856
I gave a month's notice but it was really only 9 workdays because I was working only 2 days a week at the time.

I was working on only one large project at the time so my best guess was that I could complete it before I left. I did, with about 45 minutes left in my last day. If I had not finished it, would I have stuck around for another day or two? Probably, but nobody ever asked the quesiton and I did not want to raise the issue unless it became clear I was not going to finish it.

The only transitional stuff I did with my other ongoing projects was to forward the names of programs in my libraries to another coworker who would take over. I organized the remaining papers on my desk into various categories so others could look through them if they needed to find stuff.

I did spend time at the office (and some time away from the office) getting my ER stuff straightened out such as what to do about my 401(k) and company stock (ESOP). I had to liquidate the whole account because I was taking the special cap gains treatment of the ESOP. I had set up an IRA account to accept the rollover from the 401(k) and had to get a special signature from my bank manager because the electronic payment from the ESOP exceeded $100k. Luckily, a friend of mine at the office was a lawyer so he could notarize my signature. I had my exit interview on my second-to-last day there. Strangely, I had to request the EI.

It took a lot of running around to gets all of these things properly but it was all worth it because everything went according to my instructions.

I did not want to have any last-day luncheon because I almost never went to them in all my years there. To my surprise, they gave me in cash the money they would have spent on me. My best friend/coworker took me out to lunch which was fine. I left quietly at the end of the day. Nobody went with me to take my ID card so I had to turn it in after going through the exit turnstiles in the lobby. I had to mail my desk keys in later because I forgot to turn them in (I did not lock my desk).

Remember, I hated the long trip to the office so I have never been near the place since, and I never plan to visit there again.
__________________

__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-05-2011, 08:43 AM   #62
Thinks s/he gets paid by the post
RockyMtn's Avatar
 
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,229
Don't sweat it....enjoy the next three months and then enjoy your retirement!!
__________________

__________________
RockyMtn is offline   Reply With Quote
Old 04-05-2011, 09:09 AM   #63
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
I am confused ... tell me again, why you need to do this on THIER terms?

What's the in "package"?
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Old 04-05-2011, 09:24 AM   #64
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by tryan View Post
I am confused ... tell me again, why you need to do this on THIER terms?
+1

Heck, you are not applying for a job; you don't have to impress them, nor worry about what "they will think".

Life will go on as normal, well after you have gone (believe me ).
__________________
rescueme is offline   Reply With Quote
Old 04-05-2011, 03:37 PM   #65
Full time employment: Posting here.
 
Join Date: Dec 2010
Posts: 746
Quote:
Originally Posted by kumquat View Post
It doesn't matter how much notice you give, you are a "lame duck" for that period. WTFC. I gave my boss 30 days notice. He talked me into another 60 so I could "train my replacement". I agreed.

During that 60 days:
- I got another batch of stock options (never thought they'd be worth squat so it wasn't part of the plan)
- I helped pick my replacement. He was hired 2 weeks before I left and immediately took 2 weeks vacation.
- A lot of old colleagues came to ask "how can you afford it?". Wanted to claim a terminal illness but didn't
- Everybody ignored me

During the next year:
- My replacement (also my recommendation) called for a bit of advice. I was generous.
- Stock options became worth more than 1 years salary.
- learned to walk like a man, not wobble like a lame duck (actually, I never learned to wobble).

Since then:
- Drop in at the 4:30 meeting (beer time) with my old colleagues every 6 months or so.
- Gloat a bit about retirement.
- Watch the reaction of those who spend it all
You were generous and then life was generous with you. Oh, and the money thing was the icing on the proverbial retirement cake.

Don't 'cha just love Karma?
__________________
East Texas is offline   Reply With Quote
Old 04-05-2011, 04:55 PM   #66
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,964
Quote:
Originally Posted by Rambler View Post
In your case, due to the lame duck issue that is of concern to you, would it make sense to pass the baton on the same day as the announcement (Friday) but stay on for 3 months as an advisor? Or, how about this: You stay on for the next three months as already agreed (same title and responsibilities) but you simply let the new guy take the steering wheel (with you at his back, just to show the rest of the team that he can do it, and you are supporting him)?

R
Thanks for all the kind comments of support everyone. As I said earlier, I've had a fortunate career and I'm taking the high road out no matter what others may do in the next few months.

Interesting, I have suggested to my boss and successor that he take over effective 6/1, a month before I leave. That will shorten my lame duck period and the new guy will have questions and I'd rather just be close at hand to help him as needed instead of fielding calls in July or later.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 04-13-2011, 01:20 PM   #67
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by Midpack View Post
Update: from bad to worse. My VP boss calls me today and says he's announcing (against my recommendation) to the top Corp suits (CEO, COO, CFO) on Friday, about 2 months earlier than I'd like. Says I'd better tell my local site folks on Friday too, because he's also announcing to all Corp Managers on Mon and putting out the general email announcement company wide.

Then he tells me, please send me what you'd like to see mentioned in the announcement "I write" (I being him/boss of course). The site I lead has been the top performing site (of 6) in North Amer every single year...I might have thought he could come up with something.

Again, the reason he wants to announce to everyone 3 months before I leave is so I have plenty of time to explain to company gossips that I am leaving for no reason, and to let people know we're the greatest company on earth. I pointed out to him last week that the bad actors will spin it regardless of what I say, so what's the point?

It was a great career 98.6% of the time...guess I'm a whiner.
Since they're going so far out of their way to praise you, this might be a great opportunity to coerce encourage them to apply their outsize largesse to those on your staff who are deserving of bonuses and promotions.

I had "one of those bosses", so I'd declared far in advance that there would be no retirement ceremony or hail & farewell events. He avenged himself by "surprising" me with my retirement award in private instead of with my shipmates. I returned the favor by privately letting him know how I felt about it, and over the next couple months I was able to ram through quite a few awards packages and recommendation letters.

Living well seems to be the best vengeance.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 04-13-2011, 01:36 PM   #68
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,079
Quote:
Originally Posted by Midpack View Post
Thanks for all the kind comments of support everyone. As I said earlier, I've had a fortunate career and I'm taking the high road out no matter what others may do in the next few months.

Interesting, I have suggested to my boss and successor that he take over effective 6/1, a month before I leave. That will shorten my lame duck period and the new guy will have questions and I'd rather just be close at hand to help him as needed instead of fielding calls in July or later.
Like you I was happy in my career over 98% of the time and was very willingly to give plenty of notice to ease the transition as I'd like the company to continue to do well after I'd left.

Starting from 6 months out I took on no big projects and documented well those projects I'd worked on for my successors. 2 months out I began handing over the week to week stuff so that by the start of the last month I had very lttle to do.

Even if you feel like trashing your boss or company during your last days, don't do it, just sit back and enjoy.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is online now   Reply With Quote
Old 04-13-2011, 02:23 PM   #69
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,634
Quote:
Originally Posted by Alan View Post

Even if you feel like trashing your boss or company during your last days, don't do it, just sit back and enjoy.
+1
I went to a retirement luncheon for one of my former employees today. It is nice to go out on positive terms as someone who will be missed.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 04-13-2011, 04:59 PM   #70
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
I have 21 months till I can retire. My boss emailed yesterday (he's nearly 200 miles from me) and told me I need to go online & enroll in a training class that has 93 "lessons" and includes 200 "projects/experiments". This is an electronics type course, and the course materials will be shipped to my home, and will include multi-meters and other test equipment, as well as slodering equipment and who knows what else. The thing is, I will be expected to do a large amount of this training on my own time, at home...uncompensated. The amount of time I am to be alloted for completion is 9 months.

My work day is 10 hrs, and I work Monday thru Thursday. My wife & I currently live in 2 different places, about 125 miles (2 hrs) apart, so on Thursday evening, I hit the road & drive to where she lives. I am not really inclined to spend months of my limited weekend time with my wife & other familiy members doing free work for my employer, not to mention my limited time in the evenings after getting off work at 5:30 - 6:00 pm. Just like everybody else, I have other things to do.

So...I was thinking one pretty sure way I could get out of this deal is to tell my boss that I intend to retire at the end of 2012 (actually, January 2013), and that it would be a big waste of taxpayer money for me to begin this course in June (next class opening) and finish it in Feb 2012, only to retire just a few months later.

Of course, I would have never thought about stating my retirement plans this far out, but now I'm kind of thinking I might have to. It's actually not legal for me to be asked to work for free, since I'm a "non-exempt" govt. employee (meaning non-management so they have to pay me overtime). However, we all know that there's that unofficial "s**t list, that nobody wants to be on. I'd hate to have my boss pizzed at me for 21 months if I ram it down his throat. That's a long time. Anyhow, reading this thread made me start thinking about it again, so I guess if anybody has any ideas, I'd be happy to entertain them. I may have to just flat out tell him I'm NOT going to do this crap on my own time, and let the chips fall where they may...
__________________
martyb is offline   Reply With Quote
Old 04-13-2011, 05:03 PM   #71
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
I forgot to say that I've been doing this job for 18 months and there hasn't been anything I couldn't do without the benefit of that course. There hasn't been an opening to start the class until now, and I'd pretty much forgotten about it. I figured I'd just never have to do it, since it had been this long. The really asinine thing is that there's a community college right here in town that has a decent electronics course, but they don't want to pay for that, they want me to do this stupid home-study thing. That's ok for some training, I've done many courses at home, much of it on my time, but this is going way overboard, in my opinion. Ok, I'm done whining now!
__________________
martyb is offline   Reply With Quote
Old 04-13-2011, 05:22 PM   #72
Full time employment: Posting here.
 
Join Date: Jan 2011
Posts: 575
Quote:
Originally Posted by martyb View Post

My work day is 10 hrs, and I work Monday thru Thursday.

<snip>

I may have to just flat out tell him I'm NOT going to do this crap on my own time, and let the chips fall where they may...
Instead, how about asking him to let you work 8 hrs, M - Th and then 8 hrs on Friday at home working on the course.
__________________
KingB is offline   Reply With Quote
Old 04-13-2011, 05:42 PM   #73
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,827
Martyb, any chance of taking the course materials to work, sticking them in the back of a bottom drawer somewhere, and working on the course during the slack time between other projects at work? That's what I'd do if I were in your place.

Some people bring books to work for times like that, which I never felt comfortable doing, but in your case this would genuinely be a work-related task. I don't see how anyone could object if you were completing your other work tasks as well.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 04-13-2011, 06:00 PM   #74
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by martyb View Post
I have 21 months till I can retire. My boss emailed yesterday (he's nearly 200 miles from me) and told me I need to go online & enroll in a training class that has 93 "lessons" and includes 200 "projects/experiments". This is an electronics type course, and the course materials will be shipped to my home, and will include multi-meters and other test equipment, as well as slodering equipment and who knows what else. The thing is, I will be expected to do a large amount of this training on my own time, at home...uncompensated. The amount of time I am to be alloted for completion is 9 months.
Free electronics hobby supplies?!?

There are enough talented electronics posters on this board to each take one or two lessons for you. Of course you'd have to be organized enough to make sure you returned "your" results in the proper sequence.

Fantasizing aside, whadda they gonna do-- force you to retire? It seems to me that if you're required to complete a course nine months into a 21-month timeline, then you'd be using up your vacation leave by the time they finally noticed your delinquency, properly documented your admonishment, and established a "remediation" program. In fact that 30-60 days of vacation might even give you enough time to complete the electronics course before they handed you your last paycheck.

I wouldn't even order the course for at least another 90 days.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 04-13-2011, 06:27 PM   #75
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
Quote:
Originally Posted by martyb View Post
I have 21 months till I can retire. My boss emailed yesterday (he's nearly 200 miles from me) and told me I need to go online & enroll in a training class that has 93 "lessons" and includes 200 "projects/experiments". This is an electronics type course, and the course materials will be shipped to my home, and will include multi-meters and other test equipment, as well as slodering equipment and who knows what else. The thing is, I will be expected to do a large amount of this training on my own time, at home...uncompensated. The amount of time I am to be alloted for completion is 9 months.
As you can well imagine, you're just bringing out all our worst manipulate-the-system instincts. You get free stuff? That doesn't sound all bad. Let's see, you get 9 months to complete and you can retire in 21 months, ... When exactly do you have to start? Now, or maybe in 21-9 = 12 months? What if once you started, you were to become ill? There must be some provision for an extension in such cases ...
__________________
Greg (retired in 2010 at age 68, state pension)
GregLee is offline   Reply With Quote
Old 04-13-2011, 07:45 PM   #76
Full time employment: Posting here.
 
Join Date: Dec 2010
Posts: 746
Be very careful that your failure to start and complete the course within a specific timeframe could may be interpreted as insubordination. Depending on your personnel policy, insubordination may be cause for immediate dismissal.
__________________
East Texas is offline   Reply With Quote
Old 04-13-2011, 07:56 PM   #77
Recycles dryer sheets
beowulf's Avatar
 
Join Date: Oct 2007
Posts: 466
martyb- You might want to check with your HR office and see if this course is really required for your grade and job series. I have a feeling it's not and that, if continuing education is required, it would come through HR, not the guy you work for. He probably has training funds that he wants to burn and feels he is doing something nice for you, even if it's on your own time. It might be worthwhile to call him and have a nice - not antagonistic - conversation with him, no matter how strongly you feel. There may be other employees that would be happy to do this if you turn it down. And, while I know it might not be pleasant for you if you do so, if it's not required, you can turn it down.

You can't be required, as a fed, to take courses on your own time. But, if it's required to keep your grade, rating, or whatever, and your only choice is to do it on your own time, you have a tough decision to make. I would not mention retiring this early. That can bring consequences of it's own. Also, 21 months is a long time and plans change. I know feds with less than a year to go who were forced to go to 3 or 4 months of training as they needed it to stay certified in their positions. Waste of money - yes, but they couldn't keep doing what they did if they didn't complete the training.
__________________
Mission accomplished - not necessarily ER, but certainly R.
beowulf is offline   Reply With Quote
Old 04-14-2011, 02:34 AM   #78
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,079
martyb,

This is a difficult position you find yourself in.

The definition of exempt employee includes professional and administrative staff, not just managers, so I would be careful about kicking up too big a stink about being non-exempt unless you are certain that you are. Where I worked it was very clear who was non-exempt and they were never expected to work without overtime although many of them would go on training courses, or take degree courses on line, paid for the company and do a lot of "work" in their own time as it benefits their career.

21 months is a long time ahead to declare your retirement date so I understand your reluctance to save us (the taxpayers) from the expense of sending you on a course. I, personally, would probably do the course, which starts in June and do whatever studying was needed in my work time. If I started failing modules I would plead my case with all the travel and special family circumstances that you have, and say that I can function in my job without the course. By the time this all really comes to a head you should be into your last 12 months of work, and I would think there is a process that they (HR, not your manager) would have to go through to actually fire you for not passing a course you were told you take.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is online now   Reply With Quote
Old 04-14-2011, 07:13 AM   #79
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,634
Quote:
Originally Posted by Alan View Post
martyb,
21 months is a long time ahead to declare your retirement date so I understand your reluctance to save us (the taxpayers) from the expense of sending you on a course. I, personally, would probably do the course, which starts in June and do whatever studying was needed in my work time. If I started failing modules I would plead my case with all the travel and special family circumstances that you have, and say that I can function in my job without the course. By the time this all really comes to a head you should be into your last 12 months of work, and I would think there is a process that they (HR, not your manager) would have to go through to actually fire you for not passing a course you were told you take.
+1 I don't understand why people resent managers assigning lengthy projects, training, or whatever when retirement is approaching if those managers don't know retirement is approaching. You could tell your boss confidentially (good luck with that staying secret), share it with everybody, or go on about your business as normal (i.e. take the course). Deception, insubordination, what's up with that? Anyone who counsels that as a default step has little reason to wonder why their bosses don't think of them as fast trackers
__________________

__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How much notice is enough? Meadbh Other topics 16 02-16-2008 12:58 PM
Gave my notice... sheboyganite Life after FIRE 8 08-03-2007 08:40 AM
Put them on notice ScaredtoQuit Life after FIRE 22 02-25-2007 03:35 PM
How much notice did you give to ER? cj Hi, I am... 24 07-26-2005 04:07 PM

 

 
All times are GMT -6. The time now is 02:35 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.