Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Nice Letter from Employer of long ago "Mega-Corp"
Old 10-18-2014, 11:39 AM   #1
Thinks s/he gets paid by the post
Lakewood90712's Avatar
Join Date: Jul 2005
Posts: 1,377
Nice Letter from Employer of long ago "Mega-Corp"

Left "Mega-Corp" like 15 years ago , before getting my last job at "Mega-City".

Got a letter , advising that I will be eligible to start collecting retirement benefits on next birthday , with detailed instructions on how and when to start the application process.

Kind of surprising , I left them 15 years ago . The business unit I worked at doesn't even exist anymore. Hat tip to the corp. HR folks.

Going to draw from both "Mega-Corp" and Mega-City" plans, together a fraction of last paid work, but enough to meet basic living expenses.

The non-cola "mega-corp" monthly retirement check is not much , but will cover the retiree cost portion of medical insurance.

I'm not an Attorney , But I have watched " My Cousin Vinny " Several times.
Lakewood90712 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 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 10-18-2014, 11:47 AM   #2
rodi's Avatar
Join Date: Apr 2012
Location: San Diego
Posts: 9,270
I think corps are required to send notifications out to last known addresses. My megacorp recently sent info out about lump sum options on a pension frozen in 2000. I have several friends who left the company in 1995 during a huge RIF. They all received the notifications. 2 of the folks had reached age 55 previously - and had received letters from the megacorp about qualifying for early (reduced) pension a few months before turning 55.

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 10-18-2014, 06:56 PM   #3
Recycles dryer sheets
prudent_one's Avatar
Join Date: Jul 2014
Posts: 158
We don't move often but so many people do, I wonder how they find them all.
prudent_one is offline   Reply With Quote
Old 10-19-2014, 02:08 PM   #4
Thinks s/he gets paid by the post
Car-Guy's Avatar
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 2,722
One of the mega corps I worked for kept sending me letters about my deferred pension eligibility for almost 30 years after I left them. The division I worked for was spun-off into a separate company a few years after I left, and then some years later it was bought out and merged with a competitor.

Over the years, whenever I moved, I'd always fill out the "form" and send it in. I was always surprised they kept their records straight and to be honest, I never thought I'd see anything from my deferred pension with them. To my surprise, a few years ago they offered a cash buy out, which I took. I don't get any letters from them anymore.
Car-Guy is online now   Reply With Quote
Old 10-20-2014, 09:34 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 6,133
Send a message via Skype™ to kcowan
My Megacorp sent me a letter saying their DB coverage was up from 91% to 97% (based on the windup method). I was so relieved! They had made a large cash contribution as mandated by the government. I have been collecting monthly for 22.5 years. Hope to add another 20 years...was I ever a bad deal for them!
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 10-20-2014, 12:35 PM   #6
ziggy29's Avatar
Join Date: Oct 2005
Location: Texas
Posts: 15,624
My first Megacorp is still sending me pension buyout offers more than 15 years after I left there, so I know they know where we live!
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 10-23-2014, 04:23 PM   #7
Thinks s/he gets paid by the post
OAG's Avatar
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,599
Monthly Check (Direct Deposit) # 425 is scheduled to arrive a week from tomorrow. They do tell me yearly what the COLA will be (or not be).

Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote

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
Good Bye Mega-Corp jazz4cash Young Dreamers 10 10-07-2007 09:48 PM
How much are withheld taxes on a mega-corp pension? omni550 FIRE and Money 6 04-15-2007 01:39 PM
Mega Corp blocks forum... Texas Proud Other topics 11 09-21-2006 10:46 AM
Working for a Mega Corp sounds interesting, am I nuts? saluki9 Young Dreamers 45 07-03-2006 10:59 AM
Retire from mega corp america MattInAustin Life after FIRE 41 02-06-2005 05:30 AM


All times are GMT -6. The time now is 08:50 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.