Pension Plan

 

If you are age 55 or older as of July 1, 2018…

If you are a full-time employee age 55 and older with at least one year of Company service on July 1, 2018, you will continue to accrue Pension Plan benefits. This means that your future retirement income from Ben E. Keith includes:

  • Pension Plan benefits earned through your retirement date or termination date, whichever is earliest
  • Profit Sharing account
  • Social Security benefits

For additional information, please contact John Hancock Retirement Plan Services at www.mylife.jhrps.com or 800-294-3575.

 

If you are under age 55 as of June 30, 2018…

If you are a full-time employee under age 55, or have less than one year of Company service, on June 30, 2018, your Pension Plan benefit accruals will stop as of June 30, 2018. Your vested benefits earned in the Pension Plan through June 30, 2018 are yours to keep and will be available to you when you are eligible for early or normal retirement. You are vested after completing five years of service with Ben E. Keith Company.

 

Your future retirement income from Ben E. Keith includes:

  • Pension Plan benefits earned through June 30, 2018
  • Profit Sharing account
  • 401(k) account
  • Social Security benefits

 

For additional information, please contact John Hancock Retirement Plan Services at www.mylife.jhrps.com or 800-294-3575.