early notice of retirement

[mystang52]

The takeaway from all of these comments: how much notice to give is definitely an individual circumstance. Regardless, though, one should not give long notice without being prepared to be escorted out sooner than that long date.

 

[RetMD21]

The takeaway from all of these comments: how much notice to give is definitely an individual circumstance. Regardless, though, one should not give long notice without being prepared to be escorted out sooner than that long date.

I think that's a good summary. Even if you don't anticipate being asked or told to leave sooner it is better to be prepared.

 

[Dtail]

I guess I don't really understand these 1 year+ notices of leaving. In the end, just about everyone is replaceable and usually easier than you think. So if it is not the overly positive feeling of being important to a company, it can just be another variation of OMY.
I will give you just one example. There was a manager in Salomon Brothers back in the 80's. He was a great talent but totally obnoxious and also use to run multiple meetings at once. He worked 16 hour days when others were not. They finally said enough, but effectively had to replace him with multiple people.

 

[38Chevy454]

Glad it's working out for you. I gave approx 6 months notice. By putting only this "Plan to retire sometime in summer this year" on my beginning year performance goals. You megacorp folks know the routine. Turned that into boss. He understood, but I ended up having to put the corp flowdown BS items, even though I would never be evaluated on it, just to keep HR happy.

 

[treeofpain]

I will probably give 5-6 months notice. I may be willing to do 1 day/week for a couple of months after that if needed. I think that is more than fair.

 

[brett]

It is all a function of your work environment. In my case providing months of early retirement notice would have cost me.....

-just under two year's salary and DB service credit as a negotiated RIF settlement. And more than likely a performance bonus. I anticipated a RIF.

-a reduction in early DB penalty of 3 percent vs 5 percent based on seniority which included the RIF serverance month credit


Don't let the excitement about your upcoming retirement or some sort of misguided sense of loyalty to your employer cloud your judgement.

Consider the other side of the coin. How much RIF notice would your employer provide to you Are there possible negative financial ramifications to you of providing an elongated retirement notice period??


I kept quiet. Walked away and never looked back. Thirteen years ago.

 

[anothercog]

I'll likely give 3-6 months when that time comes. I need to give at least 3 if I want a shot of keeping my unvested stock, though that is more automatic if I can hang on until age 60.

I'm hoping they offer me a voluntary separation package sometime around 57 or 58 (i'm 54 now). Again, I imagine it would be 3-6 months after I accept the package. That seems to be the norm in my department.

 

[Live Large]

Some time ago, I posted a question about how much notice to give my employer of my intent to retire. The majority view seemed to be not to give much more notice than is required. I took a different approach -- I gave notice in March of my intent to retire at the end of 2024. The employer response was gracious -- congratulations, what do you plan to do, let us know anything we can do to help you wind down, thanks for the early notice, etc.

Since I gave notice, everything has been fine. I am not working very hard, but I am doing what is necessary -- with lots of delegation. Early on, I told only a few people who I am personally close with or with whom I work closely. Over time, I am starting to tell more people -- though not in a particularly scientific way. Sooner or later, I suppose word will get out more generally. I have not told people externally yet, but I probably need to do that pretty soon -- at least in some cases -- as it would be best if they hear it from me.

Anyway, I am posting this mostly so people can see that different approaches can work for different people/circumstances.

I do not doubt at all that "minimum notice" is the right approach for some people/situations -- and I know there are risks associated with giving "too much" notice. Again, just a matter of your own particular situation, position, etc.

I say it varies for individuals, I did the year in advance but felt nagged when I changed the date a couple of times. Finally, I left when “I” was ready so about 18mos after OG notice
My wife is all set to just leave, No Notice
She’s been at her same job nearly 20yrs