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  1. #1
    Senior Member
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    It's official: I'm retired...

    I posted something on this a month or so ago and got a lot of helpful advice; thought I'd update:
    I'd planned to work another couple of years, until I turn 65, but I'm a newspaper columnist, and you've read what's happening to that business. The company offered buyouts to "pioneer employees" (translation: People at the top of the pay scale)--two weeks' pay and full benefits for every year of service. In my case it came to about 14 months of pay for two weeks' work, or stay two more years for two years' pay, but with no guarantee my job wouldn't change or that I'd get anything at all if there are further layoffs (almost certain, IMO).
    I agonized over it for a couple of weeks (I really did like the job), but finally decided it made no sense not to take it. Cleaned out my desk last week, had the going-away party Friday and in 14 hours, at 8 a.m. Monday, I will not be at my desk for the first time (not counting vacations) since 1978.
    A spell of 75-degree weather would be nice, but it think we're going to miss it by about 40 degrees....

  2. #2
    Let's do a Century jppe's Avatar
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    I'm really happy for you!! I have a lot of friends at work who have taken similar packages and have never looked back. Congratulations!

  3. #3
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    Congratulations, Velo Dog. Seems like absolutely the right decision.

  4. #4
    Senior Member ?? Beverly's Avatar
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    Congratulations on your retirement!

    Forget about the temperature and get out there and ride to celebrate
    =============================================================
    My cancer updates:
    https://www.mylifeline.org/beverlyow...=myupdates.cfm

    Enjoy the little things in life, for one day you may look back and realize they were the big things.
    -- Antonio Smith

  5. #5
    My other car is a bike TruF's Avatar
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    Congratulations, Velo Dog!!! Sounds like you made the right decision. You're gonna have a blast! And you should be proud of putting in that many years in a job you love. Any thought of moving your column to a blog?

  6. #6
    His Brain is Gone! Tom Bombadil's Avatar
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    Working until you were 63 was long enough! I agree that it sounds like the retirement option was the best one available to you.

    I've had 8 employees retire out of my department over the last 10 years. All of them are loving it.
    "Too often I would hear men boast of the miles covered that day, rarely of what they had seen." Louis L'Amour

    There are two types of road bikers: bikers who are faster than me, and me. Bruce Cameron - Denver Post

  7. #7
    Senior Member guybierhaus's Avatar
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    Congratulations!! Absolutely sounds like the right decision. I took a package 9 years ago. Managed 8 years of part time with same company, but gave that up last year. It was cutting into my bike time.
    BierHaus Bertolette Road Bike, built 2007
    BierHaus SRT Trail Bike, built 2010
    Fuji Mt. Pro - 2007

  8. #8
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    Welcome to retirement Velo Dog. It's a tough job but somebody's gotta do it.

  9. #9
    lunatic fringe Dogbait's Avatar
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    Congratulations on your retirement. If you're like the rest of us, you'll wonder how you ever found the time to go to work.

  10. #10
    tcs
    tcs is offline
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    I met a guy who took an early retirement offer just yesterday. I'll never forget what he said to me:

    "Welcome to Walmart! Is that a return?"

    No, seriously, best wishes in retirement!

    TCS
    "When man first set woman on two wheels with a pair of pedals, did he know, I wonder, that he had rent the veil of the harem in twain? A woman on a bicycle has all the world before her where to choose; she can go where she will, no man hindering." The Typewriter Girl, 1899.

    "Every so often a bird gets up and flies some place it's drawn to. I don't suppose it could tell you why, but it does it anyway." Ian Hibell, 1934-2008

  11. #11
    2011 TCR Advanced SL Spinz's Avatar
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    Yep ------ congratulations. I'd say you worked long and hard and now you can reward yourself with a rest. Although I understand many folks have more to manage during retirement. Either way enjoy yourself.
    Cheers ----- Lp

  12. #12
    Road Runner DougG's Avatar
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    Congratulations -- I'll be just a few months behind you. BTW, do you work at one of the Detroit papers? There was a rash of columnist and feature-writer retirements announced there within the last few days.

  13. #13
    cycling fanatic Ken Brown's Avatar
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    Congratulations. Just don't tell any Canadians how great retirement is. I need lots of people to keep working and paying into the Canada Pension Plan, so I can keep benefiting.

  14. #14
    Senior Member George's Avatar
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    Congratulations on your retirement and I guarantee, you'll like it.
    George

  15. #15
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    Quote Originally Posted by Velo Dog View Post
    I posted something on this a month or so ago and got a lot of helpful advice; thought I'd update:
    I'd planned to work another couple of years, until I turn 65, but I'm a newspaper columnist, and you've read what's happening to that business. The company offered buyouts to "pioneer employees" (translation: People at the top of the pay scale)--two weeks' pay and full benefits for every year of service. In my case it came to about 14 months of pay for two weeks' work, or stay two more years for two years' pay, but with no guarantee my job wouldn't change or that I'd get anything at all if there are further layoffs (almost certain, IMO).
    I agonized over it for a couple of weeks (I really did like the job), but finally decided it made no sense not to take it. Cleaned out my desk last week, had the going-away party Friday and in 14 hours, at 8 a.m. Monday, I will not be at my desk for the first time (not counting vacations) since 1978.
    A spell of 75-degree weather would be nice, but it think we're going to miss it by about 40 degrees....
    Welcome to the club...I pulled the trigger a few weeks ago, but my wife took a package a few years ago but had problems with the transition and went back to work...her new target date is 2010.

    Tell me if she's nuts...As a senior executive (meaning older), she accepted a package at 53...full salary/benefits for two years, at 55 she received a tax free termination package of 2 weeks/year (she had over 30 years), a pension of about 50% of her final salary, full health, dental, prescription, etc group family benefits for life, $50K prepaid life insurance, and an employee discount (retail company) for life....and in 5 years she qualifies for early Canada Pension Plan benefits.

    ...and she couldn't stay at home...she's back at corporate, making more than before, plus gets her pension

    I'm scouting locations in Spain to rent..it would be nice to do it together

    jeez

  16. #16
    Senior Member
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    Congratulations on your retirement. I look forward to joining you soon.

  17. #17
    Senior Member jedde's Avatar
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    Quote Originally Posted by Velo Dog View Post
    Monday, I will not be at my desk for the first time (not counting vacations) since 1978.
    A spell of 75-degree weather would be nice, but it think we're going to miss it by about 40 degrees....
    I'm with ya, Velo Dog. Today's my first day of retirement from 35 yrs of teaching. Feels real good. Its nice not having to go out on a day like this.

  18. #18
    Senior Member Terrierman's Avatar
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    Smart move. I'm jealous.
    It's all downhill from here. Except the parts that are uphill.

  19. #19
    Senior Member
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    Retirements got to be the best, it IS going to be me someday!

  20. #20
    Senior Member wrafl's Avatar
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    Congratulations. A well deserve retirement after many long years of spending time behind a desk. Good luck and enjoy more time you can have on the saddle.

  21. #21
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    Congratulations and here's wishing you many miles and many smiles!!!

  22. #22
    Riding Heaven's Highwayson the grand tour
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    Congratulations....it won't be long before you are saying two things to your friends: #1.. "I don't know why I waited so long to retire and #2.. "I don't know how I ever had the time to go to work everyday because I am just too busy now to ever find that time.

    Give yourself a fair amount of time to really settle into your life's new routine. It is nornal to have an adjustment periode...the best part of that, is that it is super fun to finally have the time to comfortably experience all the opportunities that you choose. The 'settling in' will happen natually in time. Enjoy the process and your health every day.

    Bill J.

  23. #23
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    I always claim that had I known how wonderful retirement would be, I would have retired at 21.

  24. #24
    Senior Member George's Avatar
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    Quote Originally Posted by Louis View Post
    I always claim that had I known how wonderful retirement would be, I would have retired at 21.
    I love it to.
    George

  25. #25
    Senior Member zonatandem's Avatar
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    If you get bored, you can always do some free-lance writing . . .
    Been retired 13 years and am not bored yet . . .
    Enjoy!

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