Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-06-2015, 09:48 PM   #81
Recycles dryer sheets
robbridg's Avatar
 
Join Date: Sep 2010
Location: Allen Park
Posts: 118
Quote:
Originally Posted by EastWest Gal View Post
What do you think? Sorry this is so long-winded.
I think you need to get a hobby.
__________________

__________________
robbridg 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 01-06-2015, 09:56 PM   #82
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,565
Congratulations EastWest Gal. Relax decompress you've earned it.

Sent from my SAMSUNG-SGH-I337 using Early Retirement Forum mobile app
__________________

__________________
MRG is online now   Reply With Quote
Old 01-06-2015, 10:13 PM   #83
Recycles dryer sheets
 
Join Date: Aug 2014
Location: Western Canada
Posts: 393
Quote:
Originally Posted by Meadbh View Post
Good girl.

After I left a university post, they decided that they had overpaid me and asked me to pay back a couple of weeks' pay. Employers will always nickel and dime you, no matter how generous you have been with your time and effort over the years.

Welcome to ER!
Not necessarily. When I retired, I picked the first day of the month as my last day. It was a Friday and I wanted to buy my many work friends a beer. A lady from HR told me "good pick, work one day and megacorp gives you 1.5 day's holiday pay".
__________________
I'm not crazy. Honest, the judge had me tested.
Rick_Head is offline   Reply With Quote
Old 01-06-2015, 10:29 PM   #84
Thinks s/he gets paid by the post
powerplay's Avatar
 
Join Date: Oct 2008
Posts: 1,380
Congratulations EWG and I hope you enjoy your well earned ER. Now you can do what you want with your day!
__________________
powerplay is offline   Reply With Quote
Old 01-06-2015, 10:57 PM   #85
Recycles dryer sheets
 
Join Date: Aug 2014
Location: Western Canada
Posts: 393
If they won't let you go, you could let them go.

Enjoy the rest of your life.
__________________
I'm not crazy. Honest, the judge had me tested.
Rick_Head is offline   Reply With Quote
Old 01-07-2015, 06:15 AM   #86
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 1,471
Quote:
Originally Posted by pb4uski View Post
Where I worked if one was on payroll as of the first of the month then you had health insurance for that month. IIRC Jan 1 was you last day so I would think you would be covered through Jan 31 and any employee contribution would come out of your last paycheck.

I'm positive it was a mistake. I'm spending this morning on the phone to fix it. It's just another stupid headache that I don't need.


Sent from my iPhone using Early Retirement Forum
__________________
EastWest Gal is offline   Reply With Quote
Old 01-07-2015, 06:29 AM   #87
Recycles dryer sheets
latexman's Avatar
 
Join Date: Mar 2014
Location: Apex, NC
Posts: 147
Just say no. That's all.
__________________
latexman is offline   Reply With Quote
Old 01-07-2015, 09:51 AM   #88
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Quote:
Originally Posted by rodi View Post
I think corporations are getting more penny wise - and why would they care if they piss off ex employees.
In my experience they don't care if they piss off employees either...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 01-07-2015, 09:58 AM   #89
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,260
Just some info since there are comments back and forth about when do you lose insurance etc. etc.


The answer is.... it depends... it depends on how the company set up the plan.. they have the option of setting up when you qualify to be added and when you lose your insurance...

If the company chooses... it can drop you the day you leave... there is no wiggle room in this... it has to be set up before hand and applies to everybody... when my last company was looking at changing insurance this was one of the suggestions that was given to lower costs... IOW, if someone quit on the 1st, you do not deduct insurance from their paycheck, so why should they get a full month of insurance

I do not know what was decided as I was gone before the decision was made.... but the previous insurance was to the end of the month that you quit... so if you quit the 1st, you got the whole month.... same as if you quit the 30th.... (which means you lost it the same day or the next day)....
__________________
Texas Proud is online now   Reply With Quote
Old 01-07-2015, 10:11 AM   #90
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,410
Quote:
Originally Posted by Texas Proud View Post
.....If the company chooses... it can drop you the day you leave... there is no wiggle room in this... it has to be set up before hand and applies to everybody... when my last company was looking at changing insurance this was one of the suggestions that was given to lower costs... IOW, if someone quit on the 1st, you do not deduct insurance from their paycheck, so why should they get a full month of insurance ..
I agree with what your wrote that it is a policy decision that then applies to every employee. The company would normally get the employee contribution since it someone quits on the first they typically have that one day of pay and unused vacation or sicktime or whatever that is include in their final check that would be more than sufficient to provide the employee contribution to premium. Or the employee could pay it directly if there were no unpaid vacation (but I suspect it would be rare that any unpaid amounts would be less than the employee contribution).

It is a bit of a moot point in many cases though as the employee has the COBRA "option" to bridge them to their new health insurance.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 01-07-2015, 10:25 AM   #91
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
Quote:
Originally Posted by rodi View Post
That's the way my former employer handled it... until they changed the policy less than a year before I retired... My health insurance was terminated at midnight following my last day.

I think corporations are getting more penny wise - and why would they care if they piss off ex employees.
I'm going to have to check on this. I have been assuming that I wouldn't trigger COBRA until the first of the month after I leave. It's easy to double check once my end date is clearer. Right now I'm retiring in cognito as far as the rest of the department knows. Since people I work with know I'm about to roll off the project, I've been being asked what it looks like my next project will be. I'm being quiet and non-committal.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 01-07-2015, 10:28 AM   #92
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
Congrats EWG on finally cutting the cord (I hope).
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 01-07-2015, 01:41 PM   #93
Full time employment: Posting here.
 
Join Date: Aug 2014
Posts: 555
Quote:
Originally Posted by 2B View Post
I'm going to have to check on this. I have been assuming that I wouldn't trigger COBRA until the first of the month after I leave. It's easy to double check once my end date is clearer. Right now I'm retiring in cognito as far as the rest of the department knows. Since people I work with know I'm about to roll off the project, I've been being asked what it looks like my next project will be. I'm being quiet and non-committal.
I need to learn more about this myself. One item on COBRA that was told to me by HR a couple years ago was that you had some time (90 days?) after termination to elect to take COBRA. He said the way it was structured this amounts to is 90 days to retroactively kick in COBRA. Sounds too good to be true so it is something I would investigate very seriously before relying on it. Strange as it may seem, HR is seldom as good as Engineering when it comes to numbers and following regulations...
__________________
ArkTinkerer is offline   Reply With Quote
Old 01-07-2015, 02:34 PM   #94
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 1,471
I understand that is in fact true. Our COBRA gives a 60 days to start taking it--allows you to pay the premiums when you need them but you have to pay it all at once. I had a previous COBRA that had a 90 day election time before, never used it since I was employed with insurance 6 weeks later, so I never paid a dime.

It was extremely annoying to find out that Megacorp screwed up my dental, health, and vision care, and we have appointments this month. However, it will be straightened out by tomorrow.
__________________
EastWest Gal is offline   Reply With Quote
Old 01-07-2015, 02:49 PM   #95
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 8,804
Having just gone through this in June... Cobra is 60 days to trigger it... and you have to backdate to your termination date if you trigger it.

Since my husband was in the middle of some medical stuff and both kids had scheduled dentist and orthodontist appts - we got it set up as fast as possible - unfortunately, the company (former employer) took my money but failed to reinstate coverage. LOTS of stress and phonecalls over that. Some providers had us pay up front, and then file a claim for reimbursement when the cobra finally kicked in. It added a little stress and hassle - but fortunately, I was retired and had the time to do battle with the insurance provider, the benefits managers, my former employer's hr department, etc... Nothing like a cleared COBRA payment check and no coverage.

A couple of decades ago I had a gap between employers of a few weeks - I was single so I never triggered cobra - just played the odds knowing I had a cobra safety net since I was in the window.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 7%, rental income 18%
rodi is offline   Reply With Quote
Old 01-08-2015, 01:02 AM   #96
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 1,049
I just finished a COBRA "free ride", Nov/Dec, saved me $1,230. Now on an Exchange plan which started Jan 1.
__________________
jim584672 is offline   Reply With Quote
Old 03-08-2015, 08:32 AM   #97
Recycles dryer sheets
 
Join Date: Mar 2014
Location: Islands
Posts: 330
Stumbled upon this post. EWG care to update? I think many of us can relate to your post. Thanks for sharing.
__________________
Travelwanted is online now   Reply With Quote
Old 05-14-2015, 10:42 AM   #98
Full time employment: Posting here.
 
Join Date: Aug 2014
Posts: 555
Quote:
Originally Posted by Travelwanted View Post
Stumbled upon this post. EWG care to update? I think many of us can relate to your post. Thanks for sharing.
Ditto! How did things work out?
__________________

__________________
ArkTinkerer 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
Why do they let these people write letters? REWahoo Other topics 8 09-15-2010 09:39 AM
Former employer won't let me go! Kabekew Life after FIRE 100 12-05-2009 01:57 PM
How to politely let your elders know you won't support them? HobbyDave FIRE and Money 103 07-06-2007 02:48 PM
They should be careful what they wish for.. Brat Other topics 2 01-01-2006 03:24 PM

 

 
All times are GMT -6. The time now is 03:59 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.