Updated:
Ford Pension Fund (Belgium)
Ford Pension Fund (Belgium) manages Belgian auto-sector retirement assets reshaped by the 2014 Genk plant closure, operating as a maturing defined-benefit plan.
Overview
General information
Firm type
Pension Fund
Location
Region
Europe
Country
Belgium
City
Brussels
Corporate office
Brussels, Belgium
Frequently asked questions
How did the 2014 Genk plant closure affect the fund?
The closure ended vehicle assembly at Ford's largest Belgian facility, eliminating the majority of the plan's active workforce. This triggered a wave of retirements, buyout offers, and lump-sum settlements that reduced the active participant count and significantly shortened the duration of remaining liabilities.
Who sponsors the Ford Pension Fund (Belgium)?
The sponsoring employer is Ford Motor Company (Belgium) NV/SA, the Brussels-headquartered Belgian operating subsidiary of Ford Motor Company. Ford's Detroit parent exercises ultimate oversight of global pension obligations.
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