<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

Essential Considerations for Pitney Bowes Employees Contemplating Retirement: What You Need to Know Before Making the Leap

image-table

Healthcare Provider Update: Healthcare Provider for Pitney Bowes Pitney Bowes provides its employees with access to various healthcare plans through its collaboration with several insurance providers. Typically, these include major insurers such as Aetna, Anthem Blue Cross Blue Shield, and Cigna, which offer comprehensive coverage options. Employees generally have access to health plans that include medical, dental, vision, and wellness programs, aimed at enhancing the overall well-being of their workforce. Potential Healthcare Cost Increases for Pitney Bowes in 2026 As Pitney Bowes navigates the healthcare landscape in 2026, it faces substantial challenges marked by impending cost increases. With projections indicating employer-sponsored insurance costs could rise by approximately 8.5%, this escalation is driven by rising claims and medical inflation. The expiration of enhanced ACA subsidies further complicates the situation, as it may lead to increased out-of-pocket premiums for employees, potentially exceeding 75%. In response, Pitney Bowes may consider strategic adjustments to its healthcare offerings, focusing on cost management to maintain employee satisfaction and access to necessary care. Click here to learn more

With all of the changes at Pitney Bowes employees need to know what steps to take before leaving. Retiring, or worse, losing your job, is a monumental (for better or for worse) moment in your life. Your mind is racing, your palms are sweating, and you simply just doesn't know how to operate. The loss of a job, especially for those with over 20 years of service, affects the same receptors in the brain as the loss of a loved one. You have been connected with Pitney Bowesfor 20 years, and now the relationship is over. Remember to reach out to Pitney Bowes HR & Benefits departments for all Pitney Bowes summary plan descriptions.

The same five stages of grief apply for a person going through retirement, job loss, or the loss of a loved one. Denial, anger, bargaining, depression, and acceptance are a part of the framework that makes up our learning to get through the lack of employment.

As the reality of the situation settles, your emotions will be a mess. You might feel upset one minute, and annoyed the next, and it can be tempting to vent your frustrations. Remember, acting upon impulse almost never turns out well, and can make a difficult situation even worse.

Here are a few items to check off as you consider leaving Pitney Bowes:

1. Sit down and carefully analyze your finances. If you have a spouse or signifigant other, involve them in this process. Avoid doing financial business with friends or family. Money and friendships do not mix.

2. Call your Credit Union or Bank, and consider opening a line of credit against your home equity. Consider opening additional credit cards to create an emergency credit line. As many of you have been employed your whole life, you probably won't think to do this - once you are unemployed, it becomes exceedingly difficult to get credit, making it very important you take this line of action.

3. Go over your 401(k) contributions, if you were making them. Decide whether or not you should increase your contributions for your remaining time on payroll, or cease them entirely to build up more immediate cash. How you proceed may have big tax implications. Depending on when you stop contributing, you may end up in a much higher tax bracket due to your severance payment, unemployment, etc.

Featured Video

Articles you may find interesting:

Loading...

4. It's not always wise to file for unemployment immediately after the loss of a job. Depending on the time of year you are laid off, paired with your financial situation, it could be beneficial to wait to file your claim so that your unemployment payments fall in the next tax year, when your overall income is lower due to the fact that you're unemployed. There are an overwhelming number of situations that you want to consider before making a move on this. We recommend speaking with a Pitney Bowes-focused retirement advisor to go over your options.

5. Unless you believe your layoff was deserved, speak to a trusted lawyer to go over your options. Venting your anger at managers and colleagues may feel amazing temporarily, but it will damage your career in the long run. You spent all this time building up your relationships at Pitney Bowes why burn them now? Avoid going online even anonymously to berate past Pitney Bowes staff & management.

6. Have a plan for how to fill the void on your LinkedIn profile and your resume. If you are pursuing a new job, having a job makes it much easier when finding your next adventure. In the mean time, you might consider becoming a consultant until you find a permanent position. You may also find the ability go go back to Pitney Bowes as a contractor working on your terms.

7. Figure out what you will tell your Pitney Bowes wcoworkers - create your go-to statement and practice it, so you can say it without becoming too emotional. It will be normal for friends and acquaintances to ask, and we assume you won't want to burst into tears or lash out every time the question is popped. However horrible you feel, it's crucial to remain calm and act professional, and try to avoid doing anything that might hinder your reputation or integrity. Remember to stay professional on social media when discussing Pitney Bowes.

What is the purpose of the 401(k) plan at Pitney Bowes?

The 401(k) plan at Pitney Bowes is designed to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax or Roth basis.

How does Pitney Bowes match employee contributions to the 401(k) plan?

Pitney Bowes offers a matching contribution to the 401(k) plan, which typically matches a percentage of the employee's contributions, helping to enhance retirement savings.

Who is eligible to participate in the Pitney Bowes 401(k) plan?

All full-time and part-time employees of Pitney Bowes are eligible to participate in the 401(k) plan after meeting specific service requirements.

Can employees of Pitney Bowes take loans against their 401(k) savings?

Yes, Pitney Bowes allows employees to take loans against their 401(k) savings, subject to certain limits and repayment terms outlined in the plan.

What investment options are available in the Pitney Bowes 401(k) plan?

The Pitney Bowes 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.

How can employees at Pitney Bowes access their 401(k) account information?

Employees can access their 401(k) account information through the Pitney Bowes benefits portal or by contacting the plan administrator directly.

What is the vesting schedule for the Pitney Bowes 401(k) plan?

The vesting schedule for the Pitney Bowes 401(k) plan typically requires employees to work for a certain number of years before they fully own the employer's matching contributions.

Can employees of Pitney Bowes change their contribution percentage to the 401(k) plan?

Yes, employees at Pitney Bowes can change their contribution percentage to the 401(k) plan at any time, subject to plan rules.

What happens to the 401(k) savings if an employee leaves Pitney Bowes?

If an employee leaves Pitney Bowes, they can choose to roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the Pitney Bowes plan, depending on the balance.

Does Pitney Bowes offer educational resources for employees regarding their 401(k) plan?

Yes, Pitney Bowes provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.

New call-to-action

Additional Articles

Check Out Articles for Pitney Bowes employees

Loading...

For more information you can reach the plan administrator for Pitney Bowes at , ; or by calling them at .

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Pitney Bowes employees