|Clearing the air on pensions
Cole, a finance manager with Shared Services Group in Bellevue, Wash.,
plans to retire in a few years. To better prepare for this, Cole has
taken advantage of an
enhancement to Boeing's Voluntary Investment Plan savings program.
Boeing has raised the VIP's employee contribution limit to 20 percent
of base pay, up from 15 percent. After calculating how many dollars would
move from his paycheck to his VIP account, Cole, 61, elected to increase
his VIP contribution to more than 15 percent.
"Retirement income is a real critical issue at my stage in life. I need
to build up my [VIP account] so I have greater income flow after retirement," Cole
said. "I'm very pleased to see the company raise the limit to 20 percent." Prior
to the increase, data shows roughly one-third of those who contributed
to the VIP were doing so at the maximum level.
mouse clicks away
Participants in the Voluntary Investment
Plan can use the Boeing Savings Plans
Online Web site (boeing.csplans.com) to
take advantage of the program's new features, discussed on Page 40. According
to VIP program officials, the new feature that plan participants appear to be
most interested in is creating a customizable statement.
To create a customizable
VIP statement from any computer with Internet access, participants should follow
- Log on to the Web site, and click on the Boeing Company
- Click on My Statement, in the upper left.
- Click on Generate Statement,
in the middle
of the screen.
- Specify the period for which you would
like your statement.
- Note which statement sections will be displayed. To omit
a section, click on the section name and click on the arrow pointing to
the box titled Sections not to Display.
- Click on Generate Statement.