Pension Plan
Important Note about the Honda Pension Plan
The Honda Pension Plan ("Pension Plan") is closed to new entrants effective September 4, 2013. Associates who were active before September 4, 2013 were given a choice between continuing to earn Pension benefits at a reduced rate (Option 1) or receiving a Company Service-Based Contribution to the Honda 401(k) Savings Plan (Option 2). The choice was effective January 1, 2014.
Pension benefits earned before January 1, 2014, were not impacted by this choice. See "Benefits" for a high-level overview. Associates who chose Option 2 retain any previously earned pension benefit but earn no additional benefits after December 31, 2013.
This guide only applies to associates actively employed on or after January 1, 2014. Associates who left employment prior to January 1, 2014, should refer to the document in place at the time of separation.
Highlights
Cost
Paid for by Honda
Who Participates
Regular associates hired before September 4, 2013
Participation Began
First day of month on or following one full year of Honda service
Pays Benefits
  • If you are vested (you have at least five years of Honda service)
  • Based on a percentage of your base earnings for each year you work at Honda
Special Features
Can choose payment options, including some that continue income to your survivors
Payments Can Begin
After your Honda employment ends (as long as you are vested)
Administered by
Honda Retirement Plan Committee