Johnson Controls Pension Plan

Johnson Controls Pension Plan is a defined benefit pension plan that covers eligible salaried non-union production and certain hourly union employees of Johnson Controls, Inc. and some affiliated companies. The pension plan provides pension, disability, and death benefits for participants and beneficiaries. The benefits are primarily based on years of service and average compensation or a monthly retirement benefit amount. Johnson Controls, Inc. is a global diversified technology and industrial company that creates products, services, and solutions to optimize energy and operational efficiencies of buildings, lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. Johnson Controls Pension Plan was formerly known as York Plan 23. It was renamed in 2019. In 2020, York Plan 14 and York Plan 19 were merged into the new Johnson Controls Pension Plan. In 2022, the plan was merged into York Plan 4, subsequently renamed Johnson Controls Pension Plan.Read more ⏷