Title: Exploring Ohio Executive Retirement Agreements of Georgia Pacific Corp. Introduction: In this article, we will dive into the Ohio Executive Retirement Agreement offered by Georgia Pacific Corp. We will discuss the purpose, benefits, and potential types of these agreements, providing readers with a comprehensive understanding of this particular retirement plan. Keywords: Ohio Executive Retirement Agreement, Georgia Pacific Corp., retirement benefits, retirement packages, executive compensation, pension, 401(k), retirement savings, retirement planning. 1. What is the Ohio Executive Retirement Agreement? The Ohio Executive Retirement Agreement is a retirement program specifically designed for executives employed by Georgia Pacific Corp. It offers unique benefits and compensation packages to eligible individuals, ensuring a secure and comfortable retirement. 2. Purpose and Benefits: a. Comprehensive Retirement Packages: The agreement entails retirement benefits tailored to the specific needs of executives, providing financial security post-employment. b. Enhanced Compensation: Executives may receive additional compensation beyond their regular salary and benefits through the retirement agreement. c. Customized Investment Options: The retirement agreement may offer various investment opportunities, such as pension plans and 401(k) accounts, allowing executives to grow their retirement savings. d. Flexibility in Retirement Planning: The agreement may provide flexibility in retirement age and options to suit individual preferences and circumstances. e. Competitive Advantage: Georgia Pacific Corp. aims to attract and retain top executive talent by offering attractive retirement packages, providing a competitive edge in recruitment. 3. Types of Ohio Executive Retirement Agreements: While specific details may vary, Georgia Pacific Corp. likely offers various retirement agreement options to meet the diverse needs of its executives. Some potential types could include: a. Defined Benefit Plans: These plans ensure a specific amount of benefits upon retirement, often based on salary and years of service. b. Defined Contribution Plans: Here, the retirement benefits depend on contributions made by the executive and the investment performance of these contributions. c. Pension Plans: Georgia Pacific Corp. may offer traditional pension plans that provide a steady stream of income post-retirement. d. Supplemental Executive Retirement Plans (SERPs): SERPs may be offered to top executives, providing additional retirement benefits beyond the standard retirement plans available to all employees. Conclusion: Ohio Executive Retirement Agreements of Georgia Pacific Corp. offer executives attractive retirement benefits, ensuring a secure financial future after their employment. Through customized packages, competitive compensation, and flexible retirement planning options, executives can enjoy comprehensive retirement benefits tailored to their needs. With a range of agreement types available, executives can choose the retirement plan that aligns best with their goals and preferences.
Ohio Executive Retirement Agreement of Georgia Pacific Corp.
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On December 23, 2005, Koch Industries finalized the $21 billion acquisition of Georgia-Pacific. Georgia-Pacific was removed from the NYSE (it had traded under the symbol GP) and shareholders surrendered their shares for about $48 per share.
Georgia-Pacific acquired by Koch Industries to become a privately held, wholly owned subsidiary.
Bakelite Synthetics completes acquisition of Georgia-Pacific Chemicals. The transaction includes 11 chemical facilities employing approximately 600 people in the U.S. and South America.
Georgia-Pacific Headquarters In 2005 the company was acquired by Koch Industries and became a privately held, wholly owned subsidiary. Georgia-Pacific continues to operate from its Atlanta headquarters.
Georgia-Pacific Retirement Plan A retirement plan is available. Competitive 401k match and good tools to manage program. Great retirement options and variety.
GEORGIA-PACIFIC CORPORATION PENSION PLAN FOR HOURLY-RATED EMPLOYEES is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age.
Whether you're at home or on the go, Georgia-Pacific provides packaging and goods to support your daily routine. Our household names include Quilted Northern® bath tissue, Brawny® paper towels, Dixie® cups and more.
Koch and William "Bill" Koch were bought out for $1.1 billion and Charles Koch and David Koch became majority owners in the company. Charles owns 42% of the company; trusts for the benefit of Elaine Tettemer Marshall (the daughter in-law of J. Howard Marshall) and Elaine's children, Preston Marshall and E.