jollystomper
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Apr 16, 2012
- Messages
- 6,216
It all depends on your relationship with your manager, and sometimes his or her hands will be tied.
A Megacorp colleague of mine did something similar early in 2015, right after his good performance review - told his management that we was planning to retire in 2017 so he did not want any major assignments. In April of 2015 he was laid off. His manager did not want to do it, but his upper management attitude was if you are going to coast, not on our dime. He had been counting on those last 2 years for his retirement finances.
So I would not tell them unless you are ready to go at any notice. I would recommend you do what I did when I got a project in 2016, during my "OMY Glide Path" to retirement. I told my management sure, I'll take it, but this is also an excellent project from building others skills on, so assigning a couple of folks I could mentor would be great. They agreed, and I started the project and gradually let the other two folks get more skills and responsibility with. I enjoyed the mentoring, I made sure the other folks got all the glory, management gave me more flexibility with deadlines because of the mentoring, and it was a lot less stress and perfect for my glide path. By the middle of 2017 I was able to turn it over completely to the other folks.
I did tell my management in August of 2017 that I would likely be retiring within a year. However, I was prepared for then to drop me at any time and did not include any finances beyond that month in my retirement plan. I still ended up getting a raise and large bonus the end of that year, and even bigger bonuses this year, including one after I had retired. I am sure my attitude for that 2016 project was a factor.
I would only tell them if you are ready to go now - and do not assume you will get a severance if you do.
A Megacorp colleague of mine did something similar early in 2015, right after his good performance review - told his management that we was planning to retire in 2017 so he did not want any major assignments. In April of 2015 he was laid off. His manager did not want to do it, but his upper management attitude was if you are going to coast, not on our dime. He had been counting on those last 2 years for his retirement finances.
So I would not tell them unless you are ready to go at any notice. I would recommend you do what I did when I got a project in 2016, during my "OMY Glide Path" to retirement. I told my management sure, I'll take it, but this is also an excellent project from building others skills on, so assigning a couple of folks I could mentor would be great. They agreed, and I started the project and gradually let the other two folks get more skills and responsibility with. I enjoyed the mentoring, I made sure the other folks got all the glory, management gave me more flexibility with deadlines because of the mentoring, and it was a lot less stress and perfect for my glide path. By the middle of 2017 I was able to turn it over completely to the other folks.
I did tell my management in August of 2017 that I would likely be retiring within a year. However, I was prepared for then to drop me at any time and did not include any finances beyond that month in my retirement plan. I still ended up getting a raise and large bonus the end of that year, and even bigger bonuses this year, including one after I had retired. I am sure my attitude for that 2016 project was a factor.
I would only tell them if you are ready to go now - and do not assume you will get a severance if you do.