WOW visteon works did you get a letter?
Grumpy

Connersville, IN

#104 Oct 4, 2012
MassSpec wrote:
Thats just it, I dont know how they figured it. I was actually laid off about 2 years , and my neighbor who was skilled trade was there 13 years . We were comparing the letters and he is offered 34,000 and change ??? He worked a lot more hours than me though so maybe that is why ??
Duh. You think so, you dumb sumbytch?
married

Chicago, IL

#105 Oct 4, 2012
MassSpec wrote:
<quoted text>Thats just it, I dont know how they figured it. I was actually laid off about 2 years , and my neighbor who was skilled trade was there 13 years . We were comparing the letters and he is offered 34,000 and change ??? He worked a lot more hours than me though so maybe that is why ??
are either of you married? also it is for "vested" years. not actual years. Are you the same age at the time service ended with the company? that is also a factor. You age also plays a huge part. If you both were say...34 you would get very little if both had say...15 years. If you were 54 your amount would be much larger as the over all life expectancy vs. payment could be shorter. Also, if you are single, the lump sum will be greater than if you are married and sharing the benefits. hope this helps
Ummm

Connersville, IN

#106 Oct 5, 2012
married wrote:
<quoted text>
are either of you married? also it is for "vested" years. not actual years. Are you the same age at the time service ended with the company? that is also a factor. You age also plays a huge part. If you both were say...34 you would get very little if both had say...15 years. If you were 54 your amount would be much larger as the over all life expectancy vs. payment could be shorter. Also, if you are single, the lump sum will be greater than if you are married and sharing the benefits. hope this helps
Ummm, you're a bonehead.
goodluck to all

Florence, AL

#107 Oct 5, 2012
hope the former employess get taken care of. Lives and families were ruined. goodluck
former V dude

Medora, IN

#108 Oct 5, 2012
The above poster is correct about withdrawing from an IRA for " pop-up " expenses. The CAVEAT HOWEVER, is that a 10% penalty ( IRS ) will happen IF...IF...the withdrawal is BEFORE biological age 59 1/2 ( real age ). That is a mere pittance if you REALLY NEED to make an " early withdrawal ". As well, the " regular state and federal taxes " on THAT withdrawal apply as well. Basically...ANY EARLY WITHDRAWAL from an IRA will cost 30% of the WITHDRAWAL AMOUNT. Tax dude says...GOTCHA !( he..he )
Republican dude

Medora, IN

#109 Oct 5, 2012
All IRS tax collecting, black-suited GOVERNMENT THUGS have FANGS AND POINTED EARS !!
married

Chicago, IL

#110 Oct 6, 2012
Ummm wrote:
<quoted text>
Ummm, you're a bonehead.
do you have the letter? I do, did you call the 1 800 number and ask??? I did. that is exactly what they said..
Visteon Michigan

Farmington, MI

#111 Oct 8, 2012
I was laid off from Visteon in December 2011 after working 5 1/2 years. I received the September 24th letter but have not received anything else. Has anyone else not received the second lette?
Vm call

Chicago, IL

#112 Oct 9, 2012
Call the 1-800 number, you should have received both the 2ed and 3rd, the last being mailed out on the 27th of Sept. If you received the 1st one, the others are more than likely on their way :) Good luck.
Visteon Michigan

Farmington, MI

#113 Oct 13, 2012
My letter came the next day just as you said it probably would. This discussion group was very helpful. Good Luck to all.
Been There

Detroit, MI

#114 Nov 8, 2012
It is not too good to be true for many. It's less risky and usually a better deal to get a fixed income payment in retirement than invest your lump sum payout now and hope to make it as big as it needs to be to provide the same income down the road. Talk to a financial person before making the decision...
LOLs

Kirkland, IL

#115 Nov 8, 2012
Wow. I didn't work at Visteon... And I'm looking at these freaks talking so much shit and its obvious they are so jealous. They are either jealous bc they never worked there or just jealous of all of you for getting a bunch of money or both. Douchebags. I've worked in a few factories and its not for lazy ppl. These ppl That worked there for so long.. I respect them bc its not always the easiest. Especially if you had to work twelve hour days and 6 or 7 days a week. So to the ones running their mouths... You're just making it more and more clear that you are jealous and its pathetic. You should stop.
Im smarter than most

Connersville, IN

#116 Nov 8, 2012
Been There wrote:
It is not too good to be true for many. It's less risky and usually a better deal to get a fixed income payment in retirement than invest your lump sum payout now and hope to make it as big as it needs to be to provide the same income down the road. Talk to a financial person before making the decision...
Many have sent in the papers to cash out. That really was a stupid move. Some of the financial planners around town succeeded in scaring people into taking the lump sum to invest it. Some of the idiots think their whittled down lump sum will amount to some inheritance/legacy for their kin. Most just needed the money or want to blow it. Connersville has never been known for a concentration of geniuses within its population.

I left my money right where it is and I will be eligible to collect $779.00 a month at age 65.
bushy

Grabill, IN

#117 Nov 9, 2012
Im smarter than most wrote:
<quoted text>
Many have sent in the papers to cash out. That really was a stupid move. Some of the financial planners around town succeeded in scaring people into taking the lump sum to invest it. Some of the idiots think their whittled down lump sum will amount to some inheritance/legacy for their kin. Most just needed the money or want to blow it. Connersville has never been known for a concentration of geniuses within its population.
I left my money right where it is and I will be eligible to collect $779.00 a month at age 65.
Sorry but I don't trust visteon with my money. Its going into an annuity.
bushy

Grabill, IN

#118 Nov 9, 2012
Im smarter than most wrote:
<quoted text>
Many have sent in the papers to cash out. That really was a stupid move. Some of the financial planners around town succeeded in scaring people into taking the lump sum to invest it. Some of the idiots think their whittled down lump sum will amount to some inheritance/legacy for their kin. Most just needed the money or want to blow it. Connersville has never been known for a concentration of geniuses within its population.
I left my money right where it is and I will be eligible to collect $779.00 a month at age 65.
And I'm not going to live until I'm 65 I will be lucky to be alive this time next year.
watcher

Fort Wayne, IN

#119 Nov 9, 2012
Visteon filed bankruptcy once....what makes ya think they will not do it again and screw EVERYBODY who left their money with them. Get your money OUT OF THEIR HANDS !!
they still are held

New York, NY

#120 Nov 9, 2012
Feel safer controlling my own retirement funds
train

Markle, IN

#121 Nov 9, 2012
Did you read the fine print where it said,"Visteon has the right to change this plan" Get it out of their hands and put it somewhere safe, you can aways borrow from it if needed.Visteon probably won't even exist in 10 years.
Dur

Connersville, IN

#122 Nov 9, 2012
You fcking idiots, the monies are with Fidelity.
really

Ripon, WI

#123 Nov 10, 2012
if you are going to try to talk smart get your facts. the offer is 100 percent of the value today it will grow in your IRA the same as it will in fidelity

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