ALT. Benefits – Tiffany Thatcher


All FCA Retirees

Letters were mailed out last week (2-20-20) to all FCA pension plan payees who have direct deposit of their pension payment.
The Letter Specifically-

  • Alerts payees that, effective with the April 1, 2020, pension payment, State Street Bank will no longer mail a printed monthly statement to payees who have direct deposit.
  • Reminds payees that they can visit the MyPenPay website to view their
    monthly statement.
  • Informs payees that tax rate updates will be applied to pension payments
    beginning with the April 1, payment.
  • Provides instructions on how to model tax withholding.
  • Provides instructions on how to make changes to current tax withholding elections.

Posted in FCA, UAW.