Do retired Ford employees have life insurance?
Hourly retirees continue to receive Ford-paid Life Insurance (unreduced at base hourly rate on the last day worked) and Accidental Death & Dismemberment coverage until age 65.
How does Ford pension work?
The amount of the benefit is a percentage of monthly base salary (not to exceed 60%) based on age and service equal to 1% per year of service (but not less than 15%) plus 1⁄2% for each month that age at separation exceeds 55 (maximum of 30%).
Who handles Ford Tesphe?
Call Mainstay Capital Management toll-free at 1‑866‑444‑6246 to discuss your personal situation with a Retirement Planning Specialist.
What are Ford employee benefits?
Ford also offers a Company match of 90 cents per dollar on the first 5% of your own contributions, no matter which type of contributions you make. Company-paid basic life insurance coverage and accidental death and dismemberment insurance coverage of 1½ times base annual pay.