Wondering if Ford waited for the lump sum payment distributions to go down to prior to a layoff. For those who get the boot and have a pension would get burned.
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If you look in HR on line when you do your lump sum calculations it will ask when do you want to take the lump sum and it is the 1st of the following month (or within 180 days but always the 1st) , so if you retire Nov 30th you can ask for lump sump date of Dec 1st and get the old rate, if you say Dec 31st the earliest date for lumpsum is Jan 1st 2027 and that will be the lower rate.
@CR. IIRC, the 60 days is how long it takes to get your retirement benefits - but you can retire efftive immediately (if financially ready). Effected employees should look into this for themselves, and not assume that HR's 60 day process limits their options.
@cj it takes 60 days to process. So those affected are SOL
Well, based on the chronic snooping of one LL4 I'd bet he's planning something. Good luck homeboy. Can't fight it without opening a whole can o'worms for yourself and Ford.
Aww, sorry, maybe American business isn't your strong suit.
You get the old rate as long as you retire by December 1st.
I'm wondering the same I will lose roughly 37k at the end of November.