End of 2025 exodus ?

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anonymous said:
Do you foresee mass leaving in all departments due to pension phaseout ?

Employees who are 57-62 with over 25 years of tenure ?
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I foresee a mass exodus of everyone hired before 2015, regardless of age & tenure, since the elimination of the pension in December 2025 is going to be a massive cut in compensation.

The new replacement "fake pension" is just cash sitting in an IRA account, getting devalued by inflation. Anyone with skills & basic math skills will leave.
 


anonymous said:
I foresee a mass exodus of everyone hired before 2015, regardless of age & tenure, since the elimination of the pension in December 2025 is going to be a massive cut in compensation.

The new replacement "fake pension" is just cash sitting in an IRA account, getting devalued by inflation. Anyone with skills & basic math skills will leave.
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“Anyone with skills & basic math skills will leave“

looks like field sales ain’t leaving and of course George Street will not risk making a decision.

SNAFU!
 


Yes there will many people leaving after end of 2025. Pension related departures will continues inn 2026 and beyond. People with reach the point of "fuck this, I'm out" sooner. J&J has created a bad environment that will take years to fix.
 


  • ELS   Jun 07, 2025 at 10:45: AM
Where would they go? It’s not like there are many other companies that still offer a pension.
 


The pension was the glue. It rewarded loyalty, made people think twice before jumping ship, and gave J&J a major edge in retaining seasoned, mission-driven professionals. Now that magnet is gone, and with it, the unspoken pact that “if you give your best years here, we’ll take care of you in the end.”

What’s left is a more transactional relationship—good pay and benefits, yes, but not the kind of long-term security that builds deep-rooted loyalty.

Without a replacement that inspires trust and loyalty, J&J will lose its “family” identity—and become just another BigCo in a crowded field.

Welcome to a gig culture , loss of institutional knowledge.
 


anonymous said:
I foresee a mass exodus of everyone hired before 2015, regardless of age & tenure, since the elimination of the pension in December 2025 is going to be a massive cut in compensation.

The new replacement "fake pension" is just cash sitting in an IRA account, getting devalued by inflation. Anyone with skills & basic math skills will leave.
Click to expand...
That's a lot of skills and skills.
 


anonymous said:
The pension was the glue. It rewarded loyalty, made people think twice before jumping ship, and gave J&J a major edge in retaining seasoned, mission-driven professionals. Now that magnet is gone, and with it, the unspoken pact that “if you give your best years here, we’ll take care of you in the end.”

What’s left is a more transactional relationship—good pay and benefits, yes, but not the kind of long-term security that builds deep-rooted loyalty.

Without a replacement that inspires trust and loyalty, J&J will lose its “family” identity—and become just another BigCo in a crowded field.

Welcome to a gig culture , loss of institutional knowledge.
Click to expand...

I wish I could right like yous.

But I gots my big girthy TEN INCH she loves over at the open office George Street sewer.
 


ELS said:
Where would they go? It’s not like there are many other companies that still offer a pension.
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I left and landed at a company that does a flat 10% of salary contribution to your 401k each year. they also have a match, but everyone gets the 10%, regardless of if you take advantage of the match. It does take a bit of time to vest, but nothing crazy.

This is their version of a "pension". Compared to J&J's new pension, which if I recall is 15%, but has no growth, I'll take the 10% that goes into my 401k. Compounding in any index fund, it's gonna surpass the 15% in cash after just a few years.

There are options out there if you look.
 


anonymous said:
I left and landed at a company that does a flat 10% of salary contribution to your 401k each year. they also have a match, but everyone gets the 10%, regardless of if you take advantage of the match. It does take a bit of time to vest, but nothing crazy.

This is their version of a "pension". Compared to J&J's new pension, which if I recall is 15%, but has no growth, I'll take the 10% that goes into my 401k. Compounding in any index fund, it's gonna surpass the 15% in cash after just a few years.

There are options out there if you look.
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Which company did you join?
 



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