Products April 27, 2012

Pentegra Offers Mobile App for Retirement Plan Participants

April 27, 2012 (PLANSPONSOR.com) - Pentegra Retirement Services introduced its first application for mobile devices.
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The app provides participants with the ability to view retirement plan account information, including account balances, transaction history and portfolio performance, using an iPhone, iPod Touch, iPad or Android device.   

“Since most of our participants use mobile devices, we wanted to make accessibility to their information much more convenient,” said Rich Rausser, senior vice president, client services, Pentegra.   

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More information on Pentegra Retirement Services is available at http://www.pentegra.com.
Benefits April 27, 2012

Ford Offers Lump-Sums to De-Risk Pension

April 27, 2012 (PLANSPONSOR.com) - Ford Motor Company announced it will offer approximately 90,000 eligible U.S. salaried retirees and former employees the option to receive a voluntary lump-sum pension payment. 

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In its first quarter earnings statement, Ford said the voluntary payout is part of the company’s long-term strategy to de-risk its global funded pension plans. If an individual elects to receive the lump-sum payment, the company’s pension obligation to the individual will be settled.

Payouts will start later this year and will be funded from existing pension plan assets. This is in addition to the lump-sum pension payout option available to U.S. salaried future retirees as of July 1, 2012.

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“Continuing to improve the underlying strength of our balance sheet remains a fundamental part of financing the One Ford plan,” said Bob Shanks, Ford executive vice president and chief financial officer. “Providing the option of a lump-sum payment to current salaried U.S. retirees and former employees will reduce our pension obligations and balance sheet volatility.”

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