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Old 09-18-2007, 07:54 PM   #21
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Originally Posted by chinaco View Post
Congrats. I wouldn't worry about it. You can bet your boss is not expecting much out of you except a good turnover of responsibilities and tie up loose ends.
They don't know yet!
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Old 09-18-2007, 08:16 PM   #22
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For those who retired early & by choice - how much notice did you give your employers? I struggling with that. DW & I have settled on 1 month which is twice the normal 2 week notice in my field.

Your input is much appreciated.
I initially gave them 30 days. When asked/pressed I extended it to 90 days. I didn't do much in the 60 days they got from me:
1) helped pick my successor
2) made NO decisions my successor could
3) displayed a few (stupid) credentials that Mega-Corp wanted my successor to have.
4) Generally slacked off.
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Old 09-18-2007, 08:27 PM   #23
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Not sure my situation is typical or that I would recommend it to most, but I gave 5 months notice to my immediate boss with the agreement there would be no announcement of my plans until 30 days before I retired. If I'd not had an excellent relationship with her (CFO) and with the company CEO who hired me 27 years earlier, I would have probably given only 4-6 weeks.
Interesting.

Were you on the finance side of things (hence the CFO relationship)? Was your secret safe between confidential notice and public announcement?

I ponder these things. I'd guess that my replacement would take a good 6-12 months barring a right-person-right-place-right-time scenario. I don't want to get trapped into staying longer (whenever that time comes) but I also want to have an orderly transition/succession.

What considerations did you bring into play?

Don't mean to be nosy here, just looking to share your experience in that final chapter of work/first chapter of retirement. I'm kind of interested in your strategy of announcing to the "key persons" way early, and deferring public announcement until the last few weeks. Would you do that again?

Inquiring minds want to know...
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Old 09-18-2007, 08:37 PM   #24
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Fast forward eight months later. Suddenly I'm getting "chatty" emails and notes from him hinting that he'd like me to come back and help with some problems -- the very same issues that I was prepared to assist him with before I left! Thanks, but no thanks. That's all just a memory now -- I've moved on.
Not even for a free lunch??!

I filed my retirement request a year in advance (the maximum at the time) and had it approved within 60 days. BUPERS, caught absolutely flat-footed by the idea of a guy retiring when he's required to, scrambled madly for 11 months before telling us that there wouldn't be a relief for another three months past my retirement date. I started terminal leave in late February and retired on 1 June, so a junior officer dusted my desk until September. Of course I'd cleaned out all the files, put together a six-page tutorial & turnover letter, and trained everyone in sight on how to do my job. They all probably rotated shortly after that.

The following March I was invited to lunch by my "relief", who wanted to ask me a few questions that no one had been able to answer. We agreed upon a time and place. I showed up on time, visited friends for 30 minutes without him putting in an appearance, and left him voicemail that we'd chat later.

He called back a couple hours later-- he'd forgotten that he'd made the lunch date and had wandered off to do other things. (Guess those issues weren't so earth-shattering after all.) He asked a couple questions that were answered by referring to the turnover I'd left behind.

Got another call six months later. They were in the final spasms throes of preparing for the big nuclear inspection but he still hadn't been able to get at "his" reference material in the classified safe. It turned out that he hadn't changed the safe combination when he'd taken the job, he hadn't thought to look up the combination in the CDO's safe, and no one had changed my combination since I'd left. Luckily I still remembered it.

A year later one of my old shipmates got the billet. When he called me up to buy me lunch, we dealt with the job issues in about 10 minutes. It turned out that the real reason he'd called was to verify the rumor that I was completely retired. We spent a good hour mapping out his own personal ER timeline, budget, & asset-allocation plan... he'll pull his own plug in a couple more years.

Sometimes I'm tempted to go by my old office and see if I can still open "my" safe. But I think I've finally moved on...
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Old 09-18-2007, 08:39 PM   #25
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Don't worry I was useless in the last stages of working too.

As far as giving notice, I was able to get my boss to to lay me off so that I could get some termination pay in lieu of a gold watch. This required that I not tell anyone else I was leaving until the day I received my expected pink slip and had to be gone that day.
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Old 09-18-2007, 09:39 PM   #26
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Interesting.
Were you on the finance side of things (hence the CFO relationship)?
Yes, I transitioned from operations to spend the last half of my career as a finance weenie overseeing the administration of customer contracts and our billing services.

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Was your secret safe between confidential notice and public announcement?
Against the odds, yes. When I did make the announcement to my group that I was retiring there were genuine looks of surprise...or now that I think of it, maybe it was of relief!

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Originally Posted by Rich_in_Tampa View Post
I ponder these things. I'd guess that my replacement would take a good 6-12 months barring a right-person-right-place-right-time scenario. I don't want to get trapped into staying longer (whenever that time comes) but I also want to have an orderly transition/succession.

What considerations did you bring into play?
Since I had a lot of history (some of it good! ) with the CEO who now sat in the corner office and had hired me to work for him almost three decades earlier, I struggled to balance being "fair" to the company and covering my butt. I had a well trained director working for me who I had been grooming as my replacement, but personnel decisions took months to reach fruition. So, I chose the budget planning cycle for the upcoming year as an appropriate time to let the CFO know she'd need to plan for my replacement in 5 mos.

A lot happened between my telling the CFO of my plans and my departure date. I won't bore with all the details, but in the ensuing 5 months I was asked to extend my departure date by 3 months (I agreed to 6 weeks), the company was sold, and both the CEO and CFO were escorted to their cars and asked to "seek other opportunities". Turbulent times, and I was fortunate to be able to grin all the way through it, including the day I skipped out the door.


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Originally Posted by Rich_in_Tampa View Post
I'm kind of interested in your strategy of announcing to the "key persons" way early, and deferring public announcement until the last few weeks. Would you do that again?
Every situation is different, but it was the right thing for me to do and yes, I'd do it again. I had reasonable confidence that my plans would be kept under wraps and thankfully they were. I had lots of concerns since public knowledge that I was a long-term lame duck would have made my job very difficult to accomplish. Had I been less confident things would have been kept quiet, I would have delayed saying anything for a while but would have still probably given 90 days notice. And as I said earlier, had I not had the long history with the CEO, I'd probably give even less notice.

Looking back on it, I probably made it a more difficult decision that it actually merited. My advice is to do what you think is reasonable and move on...
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Old 09-18-2007, 09:54 PM   #27
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Not even for a free lunch??! ...

...
Sometimes I'm tempted to go by my old office and see if I can still open "my" safe. But I think I've finally moved on...
Remember, there's no such thing as a free lunch! (And I'd have to drive 50 miles one way to meet him near the office anyway.)

About six months after I left, just for the heck of it I called my old office phone number -- not only did it still have the message I recorded on my last day referring callers to my replacement's number, but the voicemail box was full of work-related messages for ME! So then I checked the website for the organization and learned that no one updated the site since I left -- I am still in charge apparently. Who knew??!
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Old 09-18-2007, 11:10 PM   #28
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Fast forward eight months later. Suddenly I'm getting "chatty" emails and notes from him hinting that he'd like me to come back and help with some problems -- the very same issues that I was prepared to assist him with before I left! Thanks, but no thanks. That's all just a memory now -- I've moved on.
Same here. I tried to cover all bases before I left, and I was still there for 4 months while my replacement was learning the ropes. At the end of the 4 months, just before I walked out the door for the last time as an employee, I told him that I would answer any pertinent questions for up to 2 months after I ER'd. I also told him that after those 2 months, I would no longer be available to discuss ANYTHING pertaining to w*rk.

About 3 months after I left, he called to ask me some questions....I asked him if he'd forgotten about my 'expiration date'. He laughed, and said "No, seriously, I have a question." I said, "Sorry......I don't seem to have any recollection of my past j*b or any of it's tasks or duties. Besides, there's absolutely nothing in it for me, and personally......I don't give a sh*t!"

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I filed my retirement request a year in advance (the maximum at the time) and had it approved within 60 days.
Ditto! I gave my notification letter a year before my planned ER date. That gave them plenty of time to get their ducks in a row, and hire a replacement. They drug their feet for a loooong time before hiring anyone.
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Old 09-19-2007, 01:05 AM   #29
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At the beginning of the year when we were required to put in our Leave request for the remaining year, I requested to to take leave from 1 Jun through 29 Sep and gave notice I was retiring on 30 Sep. My boss called me into his office to discuss the Leave request, He said I was needed for year-end closeout and he would not approve my Leave request. I then told him he could deny my taking Leave but he could not stop me from retiring. Then I informed him that my last working day would be at end on June and I would either be on leave or retired on 1 July. There was a lot off pressure applied trying to get me to change my mind. Then they tried to negotiate with me by allowing me to take leave in July and August but coming back to work in September. I declined their request. It came down to the middle of June before they acknowledged they would accept me taking leave for the last 3 months.
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Old 09-19-2007, 11:14 AM   #30
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Once I ran FIRECALC and the numbers were acceptable I decided to retire June 29 2007. The numbers were run in January 2007. I gave the required 30 day notice to my boss. It was a loooong five months waiting to give notice and my output was only that needed to keep things going without causing any problems for the accreditation of the facility. I found my BS tolerance went down to almost nothing once I'd decided to RE.
I offered to meet my replacement, but whoever it was has not needed my input for anything.

Just remember that very few of our departures from an organization will result the the company closing its doors. Its not "your job", you do not own it. The company allows you to work there for compensation.
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Old 09-19-2007, 11:48 AM   #31
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.........Just remember that very few of our departures from an organization will result the the company closing its doors. Its not "your job", you do not own it. The company allows you to work there for compensation.
When I hired into Megacorp an older guy took me aside and said "Stick your thumb into a bowl of water and pull it out. The hole that is left behind represents how much you will be missed when you leave?"

He was right
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Old 09-19-2007, 12:30 PM   #32
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I am being asked to leave, and though I doubt they'll miss me, who cares?
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Old 09-19-2007, 12:42 PM   #33
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OMG, I'm going to lunch now. I can't take any more of this "dirty talk" about w**k.
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Old 09-19-2007, 01:48 PM   #34
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Oh this is going to be a LOOOOOOOOOONNNNNNGGGGG haul!
I have the ER mentality now.....I can't imagine have a few months or days before retiring!
I come in after 9 most days, have a really cool boss, hang out here during work, and slack off quite a bit.....hmmmmm.....maybe I am already kinda ER'ed!
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