Ford’s Pension will decrease in 2023 by 20-25% due to inflation

Ford Motor Co. logo © Paul Sakuma, Associated Press

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.

Important Takeaways:

  • 1,000 salaried Ford workers retire after pension warning from automaker
  • The company confirmed Wednesday that approximately 1,000 employees elected to retire by the Dec. 1 deadline.
  • “If you are considering retiring and choosing the lump sum option, it is important to understand the impact of higher interest rates on your individual lump sum amount, should you retire after Dec. 1, 2022.”
  • The lump sum for 2023, according to the Ford memo, would decrease by an estimated 20% to 25% relative to the lump sum values that Ford employees would get if they took it in 2022.
  • For example, if someone is looking at a $500,000 lump sum payout in 2022, the loss in 2023 could be in the range of $100,000 to $125,000.

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