The Lima, Arizona Executive Retirement Agreement of Georgia Pacific Corp. is a contractual agreement offered to senior executives of the company who have reached retirement age or are eligible for early retirement. This agreement aims to provide financial security and various benefits to executives as they transition into their retirement years. Under the Lima Arizona Executive Retirement Agreement, eligible executives receive a range of benefits and considerations. These may include a pension plan, retirement savings contributions, healthcare coverage, life insurance, and other fringe benefits. The specific terms and conditions may vary depending on the executive's employment contract, length of service, and level within the organization. There are different types of Lima Arizona Executive Retirement Agreements offered by Georgia Pacific Corp., tailored to meet the specific needs of executives based on their unique circumstances. These agreements may include: 1. Early Retirement Agreement: This type of agreement is available to executives who wish to retire before reaching the standard retirement age. It offers a comprehensive package that allows executives to exit the organization early and enjoy a comfortable retirement. 2. Standard Retirement Agreement: This agreement is designed for executives who have reached the standard retirement age defined by the company. It ensures that executives can retire with peace of mind, knowing they will be financially supported throughout their retirement years. 3. Enhanced Retirement Agreement: This agreement may be offered to executives who have made significant contributions to the company over their tenure or have attained a certain level of service. It provides additional benefits and perks to augment their retirement package. 4. Executive Severance Agreement: This is a specific type of retirement agreement that is triggered when an executive's employment is terminated involuntarily or due to specific circumstances outlined in the agreement. It ensures that the executive is financially protected and provided with certain benefits even if their employment ends prematurely. The Lima, Arizona Executive Retirement Agreement of Georgia Pacific Corp. reflects the company's commitment to its senior executives and their long-term well-being. It provides a structured and comprehensive retirement plan, ensuring executives can retire with financial security and a range of benefits to support their lifestyle beyond their active employment years.
Pima Arizona Executive Retirement Agreement of Georgia Pacific Corp.
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The departments at Georgia-Pacific that have the highest annual bonuses are Sales, with an average bonus of $57,303, Communications with an average bonus of $47,297, and Business Development with an average bonus of $37,358. The department with the lowest estimated bonus pay is Admin.
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.
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 Corporation offers a 401(k) match up to a defined limit.
Vesting in a retirement plan means ownership. This means that each employee will vest, or own, a certain percentage of their account in the plan each year. An employee who is 100% vested in his or her account balance owns 100% of it and the employer cannot forfeit, or take it back, for any reason.
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.
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 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.
If you have at least 30 years of creditable service, you can receive a monthly retirement benefit without any penalty.