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Plan Overview

MOTOR COACH INDUSTRIES INTERNATIONAL INC RETIREMENT INCOME PLAN

Defined Benefit Plan
MOTOR COACH INDUSTRIES INTERNATIONAL INC RETIREMENT INCOME PLAN is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. The retirement benefit is typically payable to the employee upon attainment of their normal retirement age for the remainder of his/her lifetime. Benefits under this type of plan are often referred to as accrued benefits. This type of plan does not maintain individual accounts for employees.

It is important to remember that under this type of plan, the Alternate Payee is typically not awarded a lump sum cash payment from the Plan. It is usually a requirement of the Plan that the amount awarded to the Alternate Payee be expressed in terms of a monthly benefit payable for either the lifetime of the Participant or the Alternate Payee.

Plan & Company Information:
CompanyMOTOR COACH INDUSTRIES INTERNATIONAL INC
1700 E Golf Rd
Schaumburg, IL 60173-5804
847-285-2000
Plan NameMOTOR COACH INDUSTRIES INTERNATIONAL INC RETIREMENT INCOME PLAN
Plan Type Plan Type
Defined Benefit Plan
(Expanded Definition and Explanation)
Plan Administrator MOTOR COACH INDUSTRIES INTERNATIONAL INC
1700 E Golf Rd
Schaumburg, IL 60173-5804
847-285-2000
   
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