Ford motor company pension benefits
Does Ford offer a pension?
Ford Motor Company has announced it will offer about 90,000 eligible U.S. salaried retirees and former employees the option to receive a voluntary lump sum pension benefit payment. Ford previously announced that current employees will have the lump sum pension payment option available to them at retirement effective July 1, 2012.
How much does Ford Motor Company pay?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. How much does Ford Motor Company in Michigan pay? The average Ford Motor Company salary ranges from approximately $39,742 per year for Production Worker to $125,022 per year for Logistics Associate.
Is Ford Motor Company family owned?
The Ford Motor Company is not just one of the world’s industrial icons, but is also one of the most successful examples of a family-owned business. With fifth generation Fords still actively involved in the firm, including current Chairman William Clay Ford Jr, the family has done something very few have been able to replicate.
[PDF File]April 2023 Important Information About Your Pension To ...
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The PBGC guarantees “basic benefits” earned before a plan is terminated, including: • Pension benefits at normal retirement age; • Most early retirement benefits; • Annuity benefits for survivors of plan participants; and • Disability benefits for a disability that occurred before the date the plan terminated.
[PDF File]General Retirement Plan
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This is your Summary Plan Description (SPD) for the Ford Motor Company General Retirement Plan (GRP or “Plan) as it applies to eligible employees, deferred vested participants and U.S. salaried retirees of Ford Motor Company (“Ford” or the “Company”). This SPD also applies to
[PDF File]Retirement Plan Benefits
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Benefits are a valuable part of compensation earned while you or your spouse was a Ford employee represented by the UAW. This document contains a description of the benefits available to eligible hourly UAW-represented retirees (and their eligible beneficiaries) of Ford Motor Company under the Collective Bargaining Agreement
[PDF File]Ford Motor Company
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Ford Motor Company participation in which salaried employees contribute 1.5% of base salary up to the applicable limit of the Internal Revenue Code (‘‘Code’’) — $285,000 in 2020. Contributory benefits are calculated as follows: Contributory Benefit = (1.5% Final Avg. Pay) Contributory Service Years, plus up to two years of waiting period service
[PDF File]2022 New Hire Benefits Summary - Ford Corporate
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Vehicle Plans Ford’s Work-Life and Global Diversity Initiatives Commitment to Communicating with Our Team Summary of Compensation and Benefits for Ford Motor Company and Ford Motor Credit Company Regular Salaried Employees - General Salary Roll (GSR) HTHD Health Care Options: Medical, Dental and Vision
[PDF File]2023 New Hire Benefits Summary - Ford Corporate
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Retirement Savings You can find more information on retirement savings plans in the Benefits and Enrollment eGuide. Savings and Stock Investment Plan (SSIP) The SSIP is the easiest and best way to build your retirement savings.
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