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Nice Letter from Employer of long ago "Mega-Corp"
10-18-2014, 11:39 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,223
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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.
__________________
" A person is smart, but People are dumb, dangerous, panicky animals, and you know it " Agent "K", Men in Black
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10-18-2014, 11:47 AM
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#2
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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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 6%, rental income 20%
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10-18-2014, 06:56 PM
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#3
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Recycles dryer sheets
Join Date: Jul 2014
Posts: 333
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We don't move often but so many people do, I wonder how they find them all.
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10-19-2014, 02:08 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,931
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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. 
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10-20-2014, 09:34 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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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
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10-20-2014, 12:35 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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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)
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10-23-2014, 04:23 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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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
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