Boeing Satellite Systems Retirement Plan

Former boeing or subsidiary employees who left the company before january 1 2011.

Boeing satellite systems retirement plan.

Corporations and countries have invested in the 702 family s capabilities fitting each satellite with the modular components that they need to turn a profit or keep the warfighter safe and informed on the battlefield. Boeing proposes a constellation of between 1 396 and 2 956 v band satellites in 35 74 orbital planes at 1 200 km in altitude. Boeing and nasa power up space launch system core stage for green run july 02 2020 in space technology test teams have turned on nasa s sls core stage in flight configuration with the stage controller for the first time at stennis space center. Effective march 22 2003 participants in the boeing satellite systems voluntary savings plan the bss voluntary savings plan became eligible to participate in the vip.

Ba today provided advance notice to nonunion employees participating in the company s defined benefit pension plans that they will transition in 2016 to a company funded defined contribution retirement savings plan. Each satellite s footprint would be subdivided into thousands of 8 11. 1 2016 boeing will make cash contributions each pay period to employees retirement savings through a new. Chicago march 6 2014 prnewswire boeing nyse.

Pursuant to the stock purchase agreement between the boeing company hughes electronics corporation and hughes telecommunications and space company dated as of january 13 2000 the agreement and effective as of the closing date under the agreement closing date the committee has designated certain. Boeing satellite systems retirement plan for bargained employees is a defined benefit plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. 1 2011 or you are a beneficiary or qdro you must update your address directly with the benefit suppliers. At the end of 2018 boeing s pension plan had assets of 50 4 billion and was underfunded by 15 3 billion as measured under generally accepted accounting principles.

Boeing has had more than 50 customers in 20 countries for its satellite programs. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. Boeing satellite systems inc. Consequently a former participant in the bss voluntary savings plan who met the eligibility requirements of this plan as of march 22 2003 became eligible for benefits.