Ratification bonus is scheduled to be paid on November 29, 2019.
Performance Bonus: Certain employees are eligible for a Year 1 Performance Bonus which is scheduled to be paid on December 6, 2019. This is for employees eligible for the Tax-Efficient Savings Plan for Hourly Employees (TESPHE) to clarify your election options for the upcoming Performance Bonus in TESPHE.
Bonuses will utilize your existing TESPHE bonus elections on myfordbenefits.com
Be sure to update your bonus election by the deadlines below to direct how your bonus will be paid. If you have no bonus election on record, they will be paid 100% in cash.
Performance Bonus Changes
You must make or change your bonus election by 4 pm Eastern Time on Friday, November 22 for it to be processed in time for the payment.
Updating your bonus election
Visit myfordbenefits.com click the tabs in the following order for changes:
Build your Savings & Retirement
Bonus Election – TESPHE
Then read and follow the directions on the screen
Alternatively, you can call the National Employee Service Center (NESC) at 800-248-4444 and process your election via phone.
Bonus Election Payment Options
With your election, you can specify a portion of your bonus to be contributed to TESPHE., Ford Interest Advantage or both. Be aware that any amounts contributed to TESPHE are subject to and may be limited by IRS contribution limits. This is especially true for large contributions.
If you have questions:
• Visit myfordbenefits.com
• Call the NESC 1-800-248-4444 Monday-Friday 9am-9pm
• Contact your local Union Benefit Representatives at 816-454-6333