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Double Nickels
Old 10-25-2012, 07:31 AM   #1
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Double Nickels

Today is the day I have been counting down to for years, qualification for pension at 55. The lump sum will be about 2 years salary and greatly improves my ER foundation. I'll probably hang on for 6-18 months but now I have a little more security to call my shots and not take crap. As I age I see the the coming physical limitations. I'm not in Nords league but I'm still proud of my carry-on into the overhead proficiency.
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Old 10-25-2012, 07:50 AM   #2
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Welcome to the KMA club!
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Old 10-25-2012, 08:55 AM   #3
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Congratulations!
55 is a wonderful age (it's when I FIREd). I remember shortly after my 55th birthday, the rumors started circulating about the company being bought out. I knew I would be in the first round of layoffs, because I was one of the higher salaried people, and that's how they had always done it.

As the day approached (well known to everyone but never officially announced), I gradually cleaned out my area and removed all personal files from my computer, so I walked in that morning with a clean cubicle.

When I was called in, the boss was practically in tears, saying how much she hated to see me go, and she seemed completely unable to fathom why I was grinning from ear to ear.

I was escorted out to my cube to remove my personal effects, and they were stunned when I said I didn't have any. Got a nice severance plus unemployment, and have been happily free ever since.
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2013
Old 10-25-2012, 09:26 AM   #4
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2013

I'm hoping for a similar experience.
  • My excellent boss is transfering and I'll be reporting to a director in Ireland. Not optimal.
  • Our budget continues to be cut and is linked to a major reorganization. Forboding.
  • Our travel budget is shrinking so we have to "maximize travel." Read that as travel on my personal time (Example; leave for Ireland on Saturday morning, get back Saturday night).
My plan is to complete this evaluation cycle (raise and options) in April and then let them know I am ready. A lay off is preferrable based on the termination package.
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Old 10-25-2012, 10:34 AM   #5
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Congratulations, and Happy Birthday!
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Old 10-25-2012, 05:32 PM   #6
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Congratulations, and Happy Birthday!
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Old 11-02-2012, 04:34 PM   #7
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Congrats and Happy Birthday to you!
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Old 11-02-2012, 05:06 PM   #8
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I'll be 55 this January. I'll also become pension eligible on that date, and agree....it'll be nice to belong to the KMA club, whether I choose to exercise the option immediately or not. I'll be taking it a day at a time after that date, and at some point, almost certainly during 2013, I'll punch out.

If things go smoothly, I may work longer into the year so I can maximize my final year of TSP(401k) contributions and also max out my vacation leave payout. However, all bets are off if I detect more than the normal amount of bs...lol.
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Old 11-02-2012, 07:37 PM   #9
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I was on unpaid "bridge to retirement" LOA when I hit 55. That's when the retiree health insurance benny kicked in, but the pension was frozen at a nickel ninety five back in '98, which meant I had to get a j-j-j-j*b instead of FIRING...

Getting closer though!
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Dinner
Old 11-03-2012, 09:36 AM   #10
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Dinner

I had a nice dinner with a 74 year old friend, retired since his 50's and I was smart enough to ask for advice. He said, "Retire as soon as you can, unless you like your job." I'm good with that.

I'm packing for Saturday travel for business in Ireland, but also looking forward to a cruise with the wife and an annual trip to Florida with friends for Spring Training baseball. As long as the j*b is agreeble it helps pay for the other activities. But it is nice to have the "don't need this" option.
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Old 11-03-2012, 02:57 PM   #11
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Today I hit 55. DH came home with a cake that said "55 YEA!!!"

My notice will be given sometime in the next 3 weeks - although I will offer to stick around for a few months to wrap some projects and reviews up.

We just underwent another significant reorg which would make Dilbert proud. We are now an organization where each department relies on other departments for "services" and every department has a martix organization. Imagine how well things work when people have 2-3 different managers and no one owns anything. I am baffled at how some people view that as a good thing.....

Yup - I think 55 may be my favorite age.
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Old 11-03-2012, 04:56 PM   #12
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Happy Birthday to you!
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Old 11-03-2012, 05:03 PM   #13
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Today I hit 55. DH came home with a cake that said "55 YEA!!!"

My notice will be given sometime in the next 3 weeks - although I will offer to stick around for a few months to wrap some projects and reviews up.

We just underwent another significant reorg which would make Dilbert proud. We are now an organization where each department relies on other departments for "services" and every department has a martix organization. Imagine how well things work when people have 2-3 different managers and no one owns anything. I am baffled at how some people view that as a good thing.....

Yup - I think 55 may be my favorite age.
This song popped in my mind! Congrats!!

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