The Nassau New York Executive Retirement Agreement of Georgia Pacific Corp., often shortened as the Nassau NY Executive Retirement Agreement, is a legally binding contract offered to eligible executives at Georgia Pacific Corp. based in Nassau County, New York. This agreement outlines the terms and conditions for executive retirement, ensuring a fair and secure transition for high-ranking employees approaching their retirement age. The Nassau NY Executive Retirement Agreement encompasses several types, each suited to cater to the specific needs and circumstances of different executives within Georgia Pacific Corp. Some common types include: 1. Defined Benefit Pension Plan: This retirement agreement provides executives with a fixed monthly income based on factors like salary history, length of service, and other relevant criteria. The benefits received under this agreement are predetermined and do not depend on the executive's investment performance. 2. Deferred Compensation Plan: This type of agreement allows executives to defer a portion of their salary or annual bonuses until retirement. The deferred amounts are invested, providing potential for capital growth over time. Executives can choose different investment options available within the plan to suit their risk appetite. 3. Executive Stock Ownership Plan (ESOP): This agreement offers eligible executives the opportunity to acquire shares of Georgia Pacific Corp. stock at a favorable price, often at a discount. These shares are typically held in a trust until the executive's retirement, ensuring long-term value appreciation and potential dividend income. 4. Supplementary Executive Retirement Plan (SERP): The SERP is aimed at executives who have already reached the maximum compensation limit set by the Internal Revenue Code for retirement plans such as the defined benefit plan. It allows executives to receive additional retirement benefits, which are determined based on factors like years of service and average compensation. The Nassau NY Executive Retirement Agreement of Georgia Pacific Corp. primarily aims to provide executives with financial security and peace of mind as they transition into retirement. It ensures that executives who have played significant roles in the company's success are rewarded for their dedication and investment in the organization. Executives who qualify for this agreement will receive comprehensive information regarding their eligibility, vesting periods, retirement age, benefit calculations, and any other relevant details essential to make informed decisions about their retirement planning. Keywords: Nassau New York, Executive Retirement Agreement, Georgia Pacific Corp., retirement, executives, defined benefit pension plan, deferred compensation plan, executive stock ownership plan, supplementary executive retirement plan, financial security.
Nassau New York Executive Retirement Agreement of Georgia Pacific Corp.
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As of Fall 2019, the company employed more than 35,000 people at more than 180 locations in North America, South America and Europe. It is an independently operated and managed subsidiary of Koch Industries....Georgia-Pacific. Georgia-Pacific Tower in Atlanta, GeorgiaParentKoch IndustriesWebsitewww.gp.com7 more rows
Through the SECURE Act, employers with a 401(k) plan must allow eligible long-term, part-time employees to contribute to the plan.
Georgia-Pacific Corporation offers a 401(k) match up to a defined limit.
Union Pacific not only invests in your career, we invest in your future. We offer exceptional financial security with our Railroad Retirement and a comprehensive 401(k) plan.
If you have at least 30 years of creditable service, you can receive a monthly retirement benefit without any penalty.
Georgia-Pacific Pension Fund is a private sector pension fund headquartered in Atlanta, Georgia. It offers a defined benefit pension plan to employees of Georgia-Pacific Corporation.
The Georgia State Employees' Pension and Savings Plan (GSEPS) combines a traditional pension plan with a 401(k) plan that includes an employer match. The 401(k) plan offers flexibility and portability and the pension plan rewards state career longevity.
What Do These Changes Mean To Me If I'm A Supplier? Changes to Georgia2010Pacific Consumer Products Group (CPG) procurement processes are an important step in implementing a new platform to take advantage of today's technology.
Management employees hired on or after January 1, 2018 are not eligible for the Pension Plan, but are eligible for the Comprehensive 401(k) which provides a match of your 401(k) contributions dollar-for-dollar, up to six percent of their salary, plus an additional 3% annual contribution based on your salary earned.
Georgia-Pacific Pension Fund is a private sector pension fund headquartered in Atlanta, Georgia. It offers a defined benefit pension plan to employees of Georgia-Pacific Corporation.
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Retired chief in the Marine Corps, U.S.N.R. Retired Army veteran and member of the U.S.R.O. (Killed April 8, 1982, by exploding artillery shell, as he arrived at a firing range to take the Marine Corps Range Inspection Course). Mr. Todd was on his way to a Marine Corps Range Inspection course on this same date. In his car was his daughter (wife) and daughter's friend (son). Mrs. Todd was on her way home on the highway at the time. The shell exploded next to Mr. Todd's car, and two years later, Mrs. Todd's body was discovered in her car in the same condition. Mrs. Todd and one of her friends were in the car. The friends were killed instantly, but Mr. Todd survived with severe injuries. The shell exploded at 500 yards from Mr. Todd. He was hit directly in the chest and killed instantly.
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