Laid Off? Join the Club & Improve Skills

[Cyrus]

Hey, no babies below the Poverty line!

 

[Kurdt]

Sorry to hear you're out of work integral.

 

[Janus]

I received word tonight, I am offically out of work as of 1 Apr.

I will be eligible for trade act benifits. My hope is to get a teaching certificate.

Well that just sucks.

 

[Cyrus]

Hmmmmmmmm, april 1st. Hopefully they are just fooling you.

 

[JasonRox]

Perfect time to be a graduate student I guess.

Personally, I don't trust anyone holding my retirement money. I even got my ex-gf to not invest into the company pension plan. I told her to go for another option, which is tied up in her own bank account under her own name. Sure you have to trust the bank, but I have more trust in a bank than a company.

 

[Ivan Seeking]

I received word tonight, I am offically out of work as of 1 Apr.

I will be eligible for trade act benifits. My hope is to get a teaching certificate.

Oh no! I'm very sorry to hear that, Integral. Being three years from retirement probably didn't help either. Seen that before...

I'm sure that you will make a great teacher.

My condolences to everyone else as well. Unfortunately, we live in intersting times.

 

[G01]

Perfect time to be a graduate student I guess.

Personally, I don't trust anyone holding my retirement money. I even got my ex-gf to not invest into the company pension plan. I told her to go for another option, which is tied up in her own bank account under her own name. Sure you have to trust the bank, but I have more trust in a bank than a company.

Couldn't agree more. Of course I won't be a grad student until September, but the point still stands. At least I don't have to worry about signing up for unemployment after graduation.

To those of you stuck between a rock and this economy, I wish you the best of luck.

 

[Math Is Hard]

HP's loss will be the students' gain. I want to send Integral my copy of the Stand and Deliver movie.

 

[Integral]

Actually looking at my paper work there is a 1yr grace period. On my last day I will be a week over 13yrs, I need 15. Considering the grace period I am missing retirement benefits by 1yr.

All, Thanks for the thoughts.

 

[redargon]

Perfect time to be a graduate student I guess.

Personally, I don't trust anyone holding my retirement money. I even got my ex-gf to not invest into the company pension plan. I told her to go for another option, which is tied up in her own bank account under her own name. Sure you have to trust the bank, but I have more trust in a bank than a company.

You have a point, but remember that the whole recession thing started because banks were falling through the hole. There are some banks here, that for a while (it has now been upgraded by the government) could only guarantee 20 000 euro of your money in one of their accounts. Nobody knew until it was too late and everyone started trying to spread there pension funds over 4 or 5 banks to make sure it was secure. It has been raised to 100 000 euro by the government, but some people need more protection than that.

Also, my company pays half my pension and I pay the other half, but it is a pension with a bank. The company isn't holding my money for me. If I change companies, the money moves with me to the next company. If I told them I didn't want their pension plan, I'd have to put up the other half myself every month. I'm also not a big fan of forced pension schemes, but if it works it's great, the problem is when something goes pear shaped like what has happened to Integral. Then it is just a shambles.

Safest place for your money is in your matress and hope it gets comfy and multiplies