cecilmeyer Posted September 23, 2015 Share Posted September 23, 2015 I have seen a couple of articles that say in the new FCA agreement about a $50,000 incentive to retire.I looked through the contract but did not see anything.Anyone else out here have any info on this? Quote Link to comment Share on other sites More sharing options...
caustic Posted September 23, 2015 Share Posted September 23, 2015 I have seen a couple of articles that say in the new FCA agreement about a $50,000 incentive to retire.I looked through the contract but did not see anything.Anyone else out here have any info on this? From the Detroit News. Traditional, or tier-one employees, as reported by The News on Thursday, would receive 3 percent general wage increases in the first and third year, plus 4 percent lump sums of about $2,400 for assembly workers in the second and fourth year. Total guaranteed compensation is $19,000 in start-time earnings for the veteran workers. Williams said the deal also includes targeted early retirement incentives, but didnt provide details. If it was a good incentive to retire why not share details? The rest if the details minus the co op is out there? Didn't at one point they offer a 100k or something like that? Quote Link to comment Share on other sites More sharing options...
Decker Posted September 23, 2015 Share Posted September 23, 2015 (edited) Yes, there was a $140K complete incentive to retire. This was before the VEBA took hold. The $140K was for stopping of Ford Health Care. Also there have been at least one other $100K incentive offered. Decker Edited September 24, 2015 by Decker Quote Link to comment Share on other sites More sharing options...
Decker Posted September 23, 2015 Share Posted September 23, 2015 (edited) A week or so ago it was released that Ford had started with the first of a "set" of pension buy outs. This first of the "set" would target future retired employee`s with a lump sum payment in lue of monthly pension benefits. As for the balance of or the number of incentives in this stated "set" of incentives that was not touched on. One would think these "sets" will follow other pension buy outs where the vested employee`s would become in line for some form of incentive for their pension investment. Possibly, break downs in years invested. (10 to 20 years or 20 to 30 years or ???) With the goal of the company to move past any pension obligations most likely all employee`s that have the time vested will be given a choice. I`ll try o find the link to this release. Decker Edited September 24, 2015 by Decker Quote Link to comment Share on other sites More sharing options...
Q-bert Posted September 23, 2015 Share Posted September 23, 2015 the 100k and 140k were buyouts, yes i recall them well. not really a good deal at all no pension, and only 6 months of ben. so not sure where u got your info decker, but as inaccurate as ever. Quote Link to comment Share on other sites More sharing options...
Decker Posted September 23, 2015 Share Posted September 23, 2015 http://en.terra.com/news/news/exclusive_ford_readies_first_set_of_landmark_pension_buyouts/act481007 Quote Link to comment Share on other sites More sharing options...
dark270 Posted September 23, 2015 Share Posted September 23, 2015 White collar Decker. Not blue collar. Quote Link to comment Share on other sites More sharing options...
Decker Posted September 23, 2015 Share Posted September 23, 2015 Ahhhhh, the cute little cartoon speaks up again. The $140K was geared towards those couples that both work as Ford employees. One could take the incentive while being cover on the others insurance as a dependent. This was sold on the premise that there was no need for dual healthcare insurance coverage that is in place if both spouses have coverage through their employer. How you doing Q? Decker 1 Quote Link to comment Share on other sites More sharing options...
Q-bert Posted September 23, 2015 Share Posted September 23, 2015 (edited) Ahhhhh, the cute little cartoon speaks up again. The $140K was geared towards those couples that both work as Ford employees. One could take the incentive while being cover on the others insurance as a dependent. This was sold on the premise that there was no need for dual healthcare insurance coverage that is in place if both spouses have coverage through their employer. How you doing Q? Decker really ? u are again inaccurate! u keep up the attacks im going to report ya Edited September 23, 2015 by Q-bert 1 Quote Link to comment Share on other sites More sharing options...
Axle72 Posted September 23, 2015 Share Posted September 23, 2015 Buyouts would b a good thing, I know there's quite a few production & trades both hoping for 1 at Sterling Quote Link to comment Share on other sites More sharing options...
Ktp1989 Posted September 23, 2015 Share Posted September 23, 2015 http://en.terra.com/news/news/exclusive_ford_readies_first_set_of_landmark_pension_buyouts/act481007 This is coming to blue collar next. Ford wants to get as many as they can off the books to drop the nearly 74 billion in owed pensions not to mention all of us who will be retiring. If the money is right (speak to my financial adviser) and I could roll directly to an IRA without any taxes I would take this every time. It won't be for everyone but if you figure your pension is really not that good anyway and it reduces in half when social security kicks in the right amount of money that you control and don't have to worry about Ford going belly up and your pension controlled by the federal government at 60%...its a win/win to me. I hope they offer it to hourly eventually. GM white collar were offered it a few years back and roughly 26-29% took it. 2 Quote Link to comment Share on other sites More sharing options...
littlecountry Posted September 23, 2015 Share Posted September 23, 2015 really ? u are again inaccurate! u keep up the attacks im going to report ya His info is very accurate! You must be a new hire and at the times these packages were offered you were not even working for Ford but on the street saying those overpaid autoworkers have it made! Now your an underpaid autoworker and the company and the UAW are saying you guys that never worked for Ford always thought an autoworker was overpaid so they lowered the wage for you guys so you would not think that way anymore!! Now you guys bitch cause you don't make what an overpaid autoworker makes! You won't ever be happy, just Quit 2 Quote Link to comment Share on other sites More sharing options...
Decker Posted September 23, 2015 Share Posted September 23, 2015 (edited) This will be the first in the set of incentives. According to the article and other media releases.Decker Edited September 24, 2015 by Decker Quote Link to comment Share on other sites More sharing options...
cal50 Posted September 23, 2015 Share Posted September 23, 2015 the 100k and 140k were buyouts, yes i recall them well. not really a good deal at all no pension, and only 6 months of ben. so not sure where u got your info decker, but as inaccurate as ever. It's a "good deal" if a husband and wife both work for Ford and one of them takes the option and they still have insurance coverage & pensions on the other spouse. I know of a two (2) married couples where the spouse opted on the buyout and the other retired. Flashing colors can impact cognitive skills. 1 Quote Link to comment Share on other sites More sharing options...
Downtime1 Posted September 23, 2015 Share Posted September 23, 2015 (edited) Buyouts for both tiers so they could bring in a bunch of temps?? Wouldn't surprise me.. Edited September 23, 2015 by Downtime1 1 Quote Link to comment Share on other sites More sharing options...
Q-bert Posted September 23, 2015 Share Posted September 23, 2015 (edited) His info is very accurate! You must be a new hire and at the times these packages were offered you were not even working for Ford but on the street saying those overpaid autoworkers have it made! Now your an underpaid autoworker and the company and the UAW are saying you guys that never worked for Ford always thought an autoworker was overpaid so they lowered the wage for you guys so you would not think that way anymore!! Now you guys bitch cause you don't make what an overpaid autoworker makes! You won't ever be happy, just Quit his info is off,just like you, no ur wrong again lil country. actually i see u on here complaining alot more then anyone! i think your overpaid, and they can and should send all assembly to mexico. Edited September 23, 2015 by Q-bert Quote Link to comment Share on other sites More sharing options...
Q-bert Posted September 23, 2015 Share Posted September 23, 2015 Flashing colors can impact cognitive skills. been staring at my logo ? keep it up its workin! yeah so you know a good deal for 4 autoworkers must be good for all! LMAO Quote Link to comment Share on other sites More sharing options...
Q-bert Posted September 23, 2015 Share Posted September 23, 2015 This will be the first in the set of incentives. Decker will see, bet your off as usual, i dont see any of that in the FCA pattern agreement! Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted September 23, 2015 Share Posted September 23, 2015 his info is off,just like you, no ur wrong again lil cuntry. actually i see u on here cumplaining alot more then anyone! i think your overpaid, and they can and should send all assembly to mexico. really dude? you go after Decker for "attacking you" for something that really wasn't an attack, then you drop the c-word on littlecountry? wow.... just wow 2 Quote Link to comment Share on other sites More sharing options...
Q-bert Posted September 23, 2015 Share Posted September 23, 2015 really dude? you go after Decker for "attacking you" for something that really wasn't an attack, then you drop the c-word on littlecountry? wow.... just wow sry i mispelled, geez! but he did attack me so ? explain how i went off? whatever Quote Link to comment Share on other sites More sharing options...
Downtime1 Posted September 23, 2015 Share Posted September 23, 2015 Buyouts for all tiers....!!! 1 Quote Link to comment Share on other sites More sharing options...
littlecountry Posted September 23, 2015 Share Posted September 23, 2015 his info is off,just like you, no ur wrong again lil country. actually i see u on here complaining alot more then anyone! i think your overpaid, and they can and should send all assembly to mexico. I don't complain, I speak the truth 1 Quote Link to comment Share on other sites More sharing options...
Decker Posted September 23, 2015 Share Posted September 23, 2015 (edited) People, this article refers to an incentive that has not been offered to hourly before.The prior incentives were put in place to entice those people that were close to or preparing to retire. Some incentives were put in place with the intent to offer employee's a way to further their level of education. Some incentives were to offer lower seniority employee's a way to start a life after Ford. But all these incentives came as a severance package. In all these packages or incentives there was a separation date. That date removed the employee's from the active roll to become either a former employee with little chance of future Ford employment. (The education package gave a small chance at future employment) Or the employee took an incentive an started receiving a monthly pension benefit.This article and other information it`s referring to an incentive that focuses on the investment earned by the employee's in the pension fund. This new incentive will offer a lump sum to be considered as payment in full for future monthly pension payments.The hourly employee's have been lead to believe the pension fund is a gift from Ford, apart of social security, something the IUAW just set up and or any number of illusions or rumors that have become the norm over the years. It is like social security in that we over the years have paid into this fund in one way or another. (reduced hourly rates or not getting some other benefit) But in whatever way it happens each employee has contributed to this fund. Our investment.This is the, by law, investment we paid into, that over the years has been dipped into and not repaid properly. Hence the under funding. Pension fund, social security pretty much administered in the same manner.I'm not completely sure of the way it will be applied at Ford (typical Ford vagueness in the article) but employee's at other companies where this incentive was offered continued to work and the only change would be that employee would no longer keep investing in the pension fund. Unlike the prior incentives this is not an incentive to become retired.I agree completely this those other employee's (members) I will be more than willing to start taking control of my pension fund investment if the incentive is offered.DeckerDam that long winded old long hair Edited September 24, 2015 by Decker 1 Quote Link to comment Share on other sites More sharing options...
Decker Posted September 23, 2015 Share Posted September 23, 2015 (edited) will see, bet your off as usual, i dont see any of that in the FCA pattern agreement! Ummmm that is a Ford press release bert???? Nothing said about FCA??? Decker Edited September 23, 2015 by Decker Quote Link to comment Share on other sites More sharing options...
Decker Posted September 23, 2015 Share Posted September 23, 2015 really ? u are again inaccurate! u keep up the attacks im going to report ya you are entertaing at times..... Decker Quote Link to comment Share on other sites More sharing options...
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