Results for Pension

Who is Eligible to Participate in the Rockwell Automation Pension Plan

You were eligible to participate in the Rockwell Automation Pension Plan if you were on the U.S. payroll and a salaried or hourly employee of Rockwell Automation hired prior to July 1, 2010. There are a few limited exceptions which can be found under the Eligibility and Participation section within the SPD.

When You Can Receive a Pension Plan Benefit if You’re Not Eligible for Retirement

If you are not yet eligible for retirement but are 100% vested in the Pension Plan and leaving Rockwell Automation on or after Jan. 1, 2014, you have an early distribution option for the Pension Plan. Generally, if you elect this early distribution option, you may elect a monthly annuity or lump-sum benefit payment option.

Starting Pension Plan Payments If You Leave the Company But Are Not Retiring

If you are leaving the Company on or after Jan. 1, 2014, and are 100% vested in the Pension Plan but not eligible for retirement, you have a few options for taking your benefit with the optional early distribution. You may choose the type of Rockwell Automation Pension Plan payment you want from the available options, as well as how and when you want to receive it.

You can start the pension election process online through Your Benefits™.

Retirement Age Information (For those who did not take an in-service distribution)

Optional Early Distribution

What Happens

You leave the Company on or after Jan. 1, 2014, and are 100% vested in the Pension Plan but not eligible for retirement.

When Your Pension Benefit May Start

  • You may start your pension benefit right after you stop working, but it will be reduced if you are younger than age 65. (It’s reduced because of the longer period of time it’s expected to be paid.)
  • You can wait until age 65 to start your benefit. That way your benefit will not be reduced due to early payment.

NOTE: The size of the reduction varies based on your service and age at the time you receive your benefit. If at the time your employment ends you do not have 10 years of service and are not age 55 or older, or you do not have 10 years of service and at least 75 age + service points, then the size of the reduction will also depend on interest rates in effect at the time you receive your benefit.

Plan Ahead

Before making an election, you should carefully consider your benefit commencement date, early reduction factors that may apply and your distribution choice, as these may affect payment options and benefit amounts. Estimates of benefit amounts as of specific dates may be viewed on Your Benefits™ or obtained by contacting the RASC.

Termination Benefits Summary

If you are considering leaving Rockwell Automation for another opportunity or for retirement, download the Termination Benefits Summary to learn how leaving the Company impacts your benefits.