Topics regarding layoffs at Mutual of America Life

Topics regarding layoffs at Mutual of America Life

Layoff news?

Any news on the layoffs that have been mentioned? Were they discussed at the board meetings last week?

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Post ID: @OP+1jvtr4ye3

Big Week for the New CFO

Time for the new CFO to dazzle the old geezers on the board. She'll need to bring Depends for everyone as they will all probably schit their pants after hearing more bad news. Note: Severin is on the prowl. Rumor has it that he might pick off a few... — read more 

Board Meeting Next Week

Looks like the same old cronies still on the Board. Meeting in NYC next week. Could Someone post an update for us with a read out after the Board meets. Company desperately needs new leadership in a number of areas like field offices and claims, call... — read more 

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| 850 views | | 5 replies (last May 22, 2025)
Post ID: @OP+1jve3jtwa

Mutual of America On Comparably

There is a website like Glassdoor and Indeed called Comparably. Go to Comparably.com and look up Mutual of America, Empower, Voya and others. Currently, Mutual has a net promoter score of -77 NPS. Check it out for yourself. Mutual needs to hire an... — read more 

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| 740 views | | 2 replies (last May 14, 2025)
Post ID: @OP+1jv699aa6

Lawsuit--Mutual of America

Does anyone have the most recent details of the lawsuit former employee Mather filed against Mutual of America and Abass Moloo ? Looks like a wrongful termination suit so if someone can provide an update.

Audited Financial Statements

Does anyone on this board know where I can find the company's audited financial statements for the past couple of years ? I am a former employee and in years past that info was in the Annual Report. For some reason, it is missing from the reports... — read more 

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Post ID: @OP+1jv1701bb

5 Year Strategic Plan & 2024 Full Financials

As a retiree with a lot of my money still being managed by Mutual of America, can someone provide where I can get a copy of the 5 year strategic plan along with the 2024 full year financial statements (P&L, Balance Sheet, KPMG audit report). Thank... — read more 

The New CFOs first impressions

By now the new CFO has examined The Firm's financials and has developed an opinion about what needs to be done. We've heard some some whispers and the impression is: MoA can't figure out ways to generate more revenue and executive management has... — read more 

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| 670 views | | 2 replies (last May 12, 2025)
Post ID: @OP+1jtw0ehr5

Mutual of America Pension Funding Status

Retired in 2021. Did not take the lump sum. Just received annual funding notice. WTF is going on ? On first page, it says the plan is actuarially underfunded to the tune of between $50M-$100M. A true funding status of somewhere between 69%~80%... — read more 

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| 750 views | | 3 replies (last May 8, 2025)
Post ID: @OP+1jthpamtm

Cosecha lo que siembra

Not long ago under Tom Moran's leadership, mofa sponsored PBS programs and ran full-page advertisements in major newspapers, cultivating an image of prestige and integrity. Today, the company’s reputation has shifted dramatically. A senior... — read more 

2024 Annual Report

The 2024 annual report did not include a financial summary, which is the same as that of 2023. Also, the links to the previous annual reports were removed. https://www.mutualofamerica.com/about-us/annual-report

COA long term retirees

With all the cuts to benefits MOA has made, does anyone know if they did away with the cost of living increase for long term retirees?

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| 450 views | | 2 replies (last April 30, 2025)
Post ID: @OP+1jsy2f0kh

PR & Crisis Management Form

Company needs to hire an outside PR & Crisis management firm. The internal CX and scant marketing team doesn't appear to generate positive reviews, improve business profile, SEO internet rankings, or advertise and remake the company image. There... — read more 

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| 570 views | | 2 replies (last April 27, 2025)
Post ID: @OP+1jsv74g94

Landmark Admin Data Breach--1.6 Million

The number jumped from 800K to 1.6M people impacted. Mutual of America acquired Landmark Life in 2022 rebranding as Truspire. It is unclear what connection or affiliation MOA has to Landmark Admin. Top Brass have been mum. If there is no connection... — read more 

5 Year Strategic Plan Status

Long time retiree here. I read the Fitch report and it keep referring to the 5 year Strategic Plan. I've spoken to several current employees and they are not aware of any plan. When will the complete details of the plan be released to retirees... — read more 

Fitch downgrades to BBB+

"Fitch Ratings - Chicago - 16 Apr 2025: Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Mutual of America Life Insurance Company (Mutual of America) to 'BBB+' from 'A-'. The Rating Outlook is Negative. Today's action is... — read more 

Mutual of America Net Promoter Score Ratings

There is a website out there called Comparably. Check it out. Current and former employees rate the company in many areas. Anyway, they have a Net Promoter Score (NPS) of negative -75. A negative -75 NPS. I know, some of you are saying, who cares ?... — read more 

Update

Read out on Town Hall: $150M loss in 2024 $5M loss so far through Q1 2025 Boca property to be sold in August. Everyone is Boca will be moving to a new cheap office park Product launches to generate revenue are slow to rollout. Won't see... — read more 

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| 1320 views | | 7 replies (last April 23, 2025)
Post ID: @OP+1js3cmkg7

Mr. Tom Moran Still Listed as a Contact on BBB

I am in the process of writing a complaint letter and noticed on the Better Business Bureau (BBB) website of NY, that Tom Moran is still listed as a contact. When I looked up Mr. Moran, it says he died several years ago. Then I looked up William... — read more 

CFO News ?

Any update if there is a new CFO ? Will they hire someone with an actual accounting degree and a CPA ?

TownHall Meeting This Week

How much were the first quarter losses and is the company going public later this fall ? How about this new 5 year plan. How many layoffs does it include ? The company has to find a way to raise revenue and fast. Can't just keep cutting jobs and... — read more 

John Greed

What happened to John Greed? Did he sail into the sunset without repercussions for destroying the company?

Former Chief Sales Officer News

Is everyone aware he started his own company. Looks like they are selling group retirement plans focusing on the same market as Mutual. Is this a cause for concern for the company ? Thought someone would like to know and care with what's going on... — read more 

Glassdoor Ratings Down to 2.7

Glassdoor is now down to a 2.7. They now have new CEO on there with a 63% approval rating. Much better than Trump or Greed. There have been some brutal reviews lately. What is MoA corporate doing to generate positive reviews on there or they don't... — read more 

Quarterly Update

Been retired for a couple of years now. Any updates from the CEO through Q1 ? Any big names quit or retire ?

Stock Market Losses

Dow is down over 4,000 since Trump took office. Got to imagine at least a couple of billion has vanished from the Mutual asset base costing millions in lost revenue. Literally no one saw this coming. Other companies are starting to furlough or layoff... — read more 

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| 640 views | | 3 replies (last April 13, 2025)
Post ID: @OP+1jr9p2fcj

BLACK MONDAY-TITANIC

RDI call center will be overwhelmed. Can't keep up with unlicensed reps. People will panic as they can't figure out how to login to their account. It's gonna get very ugly. Time to prepare for more layoffs.

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| 170 views | | no replies yet
Post ID: @OP+1jr6zyryq

The New York State WARN Act

Next time the company layoff employees, will it follow the NY State WARN Act or will it look for a loophole to not abide by the law ? When they laid people off in 2024, how is it that the WARN law wasn't violated ? A-N-D-Y-C-U-M-M-O The New York... — read more 

Mutual of America Residential--Boca News

New 287-unit residential project to be built off Broken Sound Parkway in Boca Raton Jasmine Fernández, Palm Beach Post Tue, March 11, 2025 at 8:51 AM CDT 1 min read BOCA RATON — A new residential project approved by council members will bring 287... — read more 

AM Best Downgrades MOA, Truspire Falls to B++

FOR IMMEDIATE RELEASE OLDWICK - APRIL 03, 2025 11:17 AM (EDT) AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a”... — read more 

How Will The Stock Market Collapse on 4/3 Impact MOA ?

Buckle Up Lads. How is that vote cast for Trump looking now ? All good things must come to and end. Weez in for a wild ride. How much revenue will be lost, and money moved into cash ? Cash used to be king, but when purchase 2% bonds and have to... — read more 

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| 430 views | | 2 replies (last April 5, 2025)
Post ID: @OP+1jqwr3mfs

Is it Possible that the Firm Will Be Sold After Labor Day ?

For those of you on Fan Duel, Draft Kings, or in a betting mood this week, what are the odds The Firm is sold or goes into receivership after Labor Day ? How many jobs would be lost ? What's the over under on this one ?

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Post ID: @OP+1jqn3atz9

Mutual of Omaha--Marlin Perkins Would be Proud

To the clown who is in love with Marlin Perkins, take a look at this. Mutual of Omaha is absolutely "k-i-l-l-i-n-g" it and sla-ghtering its prey and competition according to AM Best. They only have the City ! Way to go Marlin ! " OLDWICK... — read more 

Updating the board

A few active and former employees have formed an unofficial group to contact the board and provide them with an update of what they are missing. If you would like to share your story or if you have a message for the board please email us at... — read more 

Something big coming

I heard there’s very very grim news coming for us in the coming months. These aren’t just rumors, but actual planning inside the executive committee. Everyone’s best move would be to start preparing- don’t get caught off guard like the unfortunate... — read more 

We Need a Better 401(k) Plan

They took away our pension. Slashed the 401k contribution. Took away a lot of the life insurance. Gutted retiree healthcare. Benefits have been cut. They added Pet Insurance with our competitor - Nationwide. But, many of us are really P-i-s-sed that... — read more 

Layoffs in April

I've been hearing some rumors about more layoff in April. Does anybody know more about this?

House of Cards

1st quarter is coming to a close, any predictions on 1st quarter loss ? I say $21M much due to market decline in NASDAQ and the magnificent 7. Anyone else ?

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