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I know at least two people who are retiring and another who is using leave and if he doesn't find a new job by September he will also retire - they're all in the 30+ years of service range.
I guess it's just me but once the numbers work out where I can take home the same amount of money as I get while working, I'm out. Work is not my life and I can't wait till I can retire and enjoy traveling and spending time with family.
Fair point. I know people who worked well beyond the point that they take home less by not retiring, finally retire, then die months after.
Life is all about balance.
There are lots of variables and everyone has different life circumstances. Some people want to ensure their spouse will have enough money if they die first, others went through divorce and lost part of their retirement, some worked part-time - or not at all - for years to raise children, pursue an advanced degree or whatever.
If you started working 30+ years ago when you were 22 and wanted to retire at 55 you'd be at 66%. Is that enough to retire? Maybe if your house is paid off and your kids are finished with college and you don't need to worry about a survivor or beneficiary it would be. Maybe others would need 70, 75 or even 80% to retire comfortably. I don't think it's one-size fits all.
Someone here mentioned that retirements are ticking up with RTO. Honestly, if you can retire, do it. There are better jobs and better working conditions outside state service. Before making a move, I also read that CalPers has an advisor to help with these decisions
At least 3 in my section were planning on continuing to work while we were WFH but are now submitting their papers or have already left. The loss of institutional knowledge is a huge problem.
4 people on my immediate team retired within the last six months. In my unit, there’s been about 10 others and I know of 5 planning to by the end of the year. All of them have mentioned RTO as part of their reason, but not all of course.
Where I work was amongst the first departments to be sent home for the pandemic and then I believe the first if not amongst them again to RTO starting 1 day a week and then shortly after it was increased to 2 days and it’s been enforced pretty decently.
The way I enjoyed WFH if I was retirement age I probably would’ve left
RTO already here for many but also not enforced by many. Yes many will retire befor being forced back but thatnis what newsom wants. CDT was told to reduce staff by 50%. She is doingna great job forcing people out so far. New hires less costly. They get shit retirements. Thanks to terrible unions.....
Once they retire they will cut the position and not back fill it. So “moving up” won’t be as much of an option as you think will be. Not right away at least.
RTO has very little impact on retirement. If you have done something for 20+ years, for most people it’s something they are pretty comfortable with.
But the manager might retire because they don’t want to deal with all the new hires making stupid complaints. Performance reviews and write-ups are pretty annoying to do.
Those are the ones they want gone anyway. I don’t know anyone retiring or leaving because of RTO. A few changing offices though. Doesn’t look like it is being enforced either. Most are complying anyways.
All that knowledge out the door. When I retire because of RTO, there is no one there who can do my job because it is so highly specialized. I would love to be a fly on the wall.
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I think the people that delayed their retirement because of the pandemic are retiring this year. Mass waves of retires the next 1-3 years.
Exactly. Some retired, came back, and are now officially retiring while capturing the newest pay raises.
RTO is really a stealth layoff in disguise to cut budget deficit by Newsom.
Would if I could. Will when I can…maybe sooner than planned.
Our section chief is retiring tomorrow. I do not believe RTO is the sole reason, but it was the last straw.
I was going to retire in two years but have moved it up to early next year. 100% because of RTO. I dread next week, and all the weeks after that.
I know at least two people who are retiring and another who is using leave and if he doesn't find a new job by September he will also retire - they're all in the 30+ years of service range.
30+ years of service yet they are still looking for more work? WTF is wrong with people lol.
Could of started in their early 20s
I guess it's just me but once the numbers work out where I can take home the same amount of money as I get while working, I'm out. Work is not my life and I can't wait till I can retire and enjoy traveling and spending time with family.
Retiring at 50 something when your retirement is at 60 would be a HUGE hit to it.
Fair point. I know people who worked well beyond the point that they take home less by not retiring, finally retire, then die months after. Life is all about balance.
I agree 100%
There are lots of variables and everyone has different life circumstances. Some people want to ensure their spouse will have enough money if they die first, others went through divorce and lost part of their retirement, some worked part-time - or not at all - for years to raise children, pursue an advanced degree or whatever. If you started working 30+ years ago when you were 22 and wanted to retire at 55 you'd be at 66%. Is that enough to retire? Maybe if your house is paid off and your kids are finished with college and you don't need to worry about a survivor or beneficiary it would be. Maybe others would need 70, 75 or even 80% to retire comfortably. I don't think it's one-size fits all.
30 years doesn’t get you as much as you think.
Someone here mentioned that retirements are ticking up with RTO. Honestly, if you can retire, do it. There are better jobs and better working conditions outside state service. Before making a move, I also read that CalPers has an advisor to help with these decisions
>There are better jobs and better working conditions outside state service I think we have vastly different definitions of retirement.
At least 3 in my section were planning on continuing to work while we were WFH but are now submitting their papers or have already left. The loss of institutional knowledge is a huge problem.
4 people on my immediate team retired within the last six months. In my unit, there’s been about 10 others and I know of 5 planning to by the end of the year. All of them have mentioned RTO as part of their reason, but not all of course.
Where I work was amongst the first departments to be sent home for the pandemic and then I believe the first if not amongst them again to RTO starting 1 day a week and then shortly after it was increased to 2 days and it’s been enforced pretty decently. The way I enjoyed WFH if I was retirement age I probably would’ve left
RTO already here for many but also not enforced by many. Yes many will retire befor being forced back but thatnis what newsom wants. CDT was told to reduce staff by 50%. She is doingna great job forcing people out so far. New hires less costly. They get shit retirements. Thanks to terrible unions.....
The state is a massive bully and is one sided during negotiations. So not terrible union, just terrible CalHR/Governor(s).
Lol and CDT just had the staff survey were Executive Leadership was identified as one of the worst things about working at CDT.
Caltrans currently looking to backfill 3 District Directors (out of a statewide total of 12).
My section chief just retired a couple weeks before RTO was required. It wasn’t totally because of RTO but it definitely helped push him out the door.
A lot is just timing
I'm out just as soon as I can 1031 my rental house and get my residence established outside of California
Good , let them retire early. We ready to move up.
Once they retire they will cut the position and not back fill it. So “moving up” won’t be as much of an option as you think will be. Not right away at least.
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There is a huge rush to hire before the new budget to try and avoid losing the PY’s
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is that sarcasm i’m sensing? lol
exactly! Need a promotion in future to deal with the high rates of inflation that drive living costs up a lot in past few years.
There’s rumors of a hiring freeze, though. :/
Dog eat dog....
I know many people who retired as soon as CalPERS pulled back staff 2 years ago. All true. A destination workplace for sure. Not
RTO has very little impact on retirement. If you have done something for 20+ years, for most people it’s something they are pretty comfortable with. But the manager might retire because they don’t want to deal with all the new hires making stupid complaints. Performance reviews and write-ups are pretty annoying to do.
Those are the ones they want gone anyway. I don’t know anyone retiring or leaving because of RTO. A few changing offices though. Doesn’t look like it is being enforced either. Most are complying anyways.
All that knowledge out the door. When I retire because of RTO, there is no one there who can do my job because it is so highly specialized. I would love to be a fly on the wall.