Ford Motor Company has announced changes that will impact a specific mutual fund investment option in the Savings and Stock Investment Plan (SSIP) for salaried employees and the Tax-Efficient Savings Plan for Hourly Employees (TESPHE).
Effective May 1, 2014, the ING Clarion Global Real Estate Securities Fund will change its name to Voya Clarion Global Real Estate Securities Fund. This will be a name change only - the fund manager, investment objective, and fees will remain the same.
In addition, Ford Retirement Plan (FRP) participants upon termination of employment will have the option to take partial withdrawals or commence installment payments from the FRP. These options are in addition to the current lump sum withdrawal option. This new option will be effective April 1, 2014.