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Guest Message by DevFuse

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Pension Benefits for EE's who took buyout


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7 replies to this topic

#1 OFFLINE   longball

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Posted 20 October 2012 - 10:49 AM

Do former employees who took a buyout get pension benefits?







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#2 OFFLINE   25yrs

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Posted 20 October 2012 - 12:07 PM

Do former employees who took a buyout get pension benefits?

In Canada, employees who took the STEP option accepted a lump sum buyout including a portion for accrued pension. If the same program was created in the US it would be difficult to believe there would be any different outcome.

#3 OFFLINE   X NAP MILLWRIGHT

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Posted 21 October 2012 - 04:37 PM

I know for EDOPP participants that you keep your vested pension benefit. Same for 100k buyout. In the first round of buyouts there was a 140k buyout for retirement eligible employees if they would give up their health benefits. All packages were basically a resignation with severance.

#4 OFFLINE   theoldwizard

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Posted 22 October 2012 - 06:49 AM

Does EE = Electrical Engineer ?

For salaried employees, "buyout" implied a one time cash payment and nothing else. No pension.

Others took a "special early retirement". Yes pension.

#5 OFFLINE   Furious1Auto

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Posted 26 October 2012 - 09:02 AM

Do former employees who took a buyout get pension benefits?


What, you don't believe me? What do I have to gain from lying?
If you pay bananas, you get monkeys

Posted by Furious1Auto's iPhone

#6 OFFLINE   longball

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Posted 26 October 2012 - 03:43 PM

You're quick....I posted this on the 20th.....it does show me that you may be the only ex-employee that took a buyout that still cares to post....you got that going for you
  • cal50 likes this

#7 OFFLINE   Marginal Economist

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Posted 27 October 2012 - 11:10 AM

There were lots of different options. This old article - LINK - roughly describes 8 different options that were available.

#8 OFFLINE   Furious1Auto

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Posted 28 October 2012 - 10:14 PM

I care about the future of Ford Motor Company, I keep my loyalties. I have the Ford logo tattooed on my Forearm as a show of appreciation for all they have done for me. My Fiance also has nearly 15 years in and, I am pushing her to finish her medical degree for security in the event they ever see hard times again.I wish I could have finished my career there, and I visit the plant frequently when I am home. There are allot of very good hard working people building what we drive.
If you pay bananas, you get monkeys

Posted by Furious1Auto's iPhone