Hii benefits pension
Web(HII) is committed to ensuring our benefit plans and programs provide you with value. This Benefits Guide is designed to help you quickly get the information needed to use your … Web1.1 : Establishment. Effective as of the “Distribution Date” defined in the Separation and Distribution Agreement among Northrop Grumman Corporation, Huntington Ingalls Industries, Inc. and New P, Inc. (the “Distribution Date”) and conditioned upon such Distribution Date occurring, the Company has adopted this retirement benefit restoration …
Hii benefits pension
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WebMay 10, 2024 · Jacklyn Wille. Huntington Ingalls Industries Inc. can boost certain retirees’ monthly pension checks under a settlement valued at $2.8 million, resolving claims the … WebJun 28, 2024 · The participants at issue in the HII lawsuit receive a flat monthly payment that starts upon retirement and ends when they die. It’s called a single-life annuity, or SLA. Participants can...
WebHII INGALLS SHIPBUILDING, INC. HOURLY EMPLOYEES' RETIREMENT PLAN Plan Type Defined Benefit Plan Plan Administrator HII ADMINISTRATIVE COMMITTEE 4101 … WebJul 1, 2024 · You are eligible to participate in HII benefits if you are a regular full-time employee scheduled to work at least 20 hours a week. Your dependents who are eligible to participate in HII benefits include your: • Spouse. • Children under age 26. • Unmarried children of any age who have a certified disability.
WebFeb 1, 2024 · The settlement is expected to benefit nearly 2,000 Huntington retirees receiving certain optional pension formats that pay benefits to their spouses after their deaths. The increased payments will cost the company about $2.8 million, which is about 34% of the plaintiffs’ estimated damages, according to settlement papers filed in November. WebApr 14, 2024 · New York State Teachers Retirement System trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC.The institutional investor owned 46,618 shares of the aerospace company's stock after selling 482 shares during …
WebBenefits paid at the time of retirement are calculated using a formula based upon years of "credited service" and the Participant’s compensation information. Benefits are generally payable to a participant upon reaching "normal retirement age" for the remainder of the Participant's lifetime.
WebNov 16, 2024 · A federal judge ruled against the company in a case involving pension benefit calculations. Huntington Ingalls Industries, Newport News, Va., has agreed to pay $2.8 million to settle a complaint ... upah co partnershipupa headphonesWebJun 28, 2024 · Newport News Shipbuilding is a division of Huntington Ingalls Industries. HII faces a lawsuit, along with several other large companies, about how it calculates certain … upah copywritingWebJan 1, 2011 · A reduction in pension benefits as a result of a distress termination (as described in ERISA § 4041(c) or any comparable successor provision of law) of a Pension Plan. ... Northrop Grumman Corporation distributed its interest in Huntington Ingalls Industries, Inc. (“HII) to its shareholders on March 31, 2011 (the “HII Distribution Date recovery time after hysteroscopyWebYour Benefit at Retirement Your pension benefit at retirement will be based on your total after-tax contributions (with interest) to the Plan (if any), your pre-tax deposits to the Northrop Grumman Financial Security and Savings Program (FSSP) Retirement Account (with earnings), and the vesting schedule. recovery time after hysterectomy off workWebKnowing your retirement will be financially secure and comfortable is important to you and to Huntington Ingalls Industries, Inc. (“HII” or the “Company”). To help you reach your long-term financial goals, HII maintains this Plan for the benefit of its eligible employees and those of its affiliates that have adopted the Plan. recovery time after hiatal hernia repairWebJul 1, 2024 · can still cover your “working spouse” under the HII medical plans if these two conditions are met; however, your spouse’s HII coverage will be secondary to their employer’s coverage. For more information, contact the HII Benefits Center at 1-877-216-3222. 2 Enroll within 31 days of your date of hire at hiibenefits.com or 1-877-216-3222 recovery time after keyhole hysterectomy