Honeywell Pension Fund Information & Benefits

Welcome to the top source for information about the Honeywell Pension Plan provided by Aon Hewitt. You will find materials about various aspects of the Honeywell funded retirement programs including the Aon Hewitt pension, medical benefits and Honeywell sponsored 401K savings plan. This site is a valuable resource for past, current and prospective future employees.

Continue reading to find out more about the Honeywell Pension Plan including specific benefits, eligibility requirements and other information. You can use the quick links section to the right to gain access to more information including links to other Honeywell sites and an overview about Honeywell International, Inc.

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Honeywell Logo About Honeywell International, Inc.
First established in 1906, Honeywell is a multi-billion dollar, Fortune 100 Company with four major divisions producing products in many industries. Learn More...

Continue reading below for recent updates about the Honeywell Pension Plan.

Honeywell Pension News & Updates

Honeywell Pension Today, the Honeywell Pension fund is managed by Aon Hewitt and includes plans from legacy companies such as AlliedSignal, Garret and others. On an individual level, the Honeywell pension is an annuity in the employee's name funded by Honeywell during employment, which can only be accessed when the employee leaves Honeywell or retires.

Changes in Method of Pension Accounting

Honeywell made news when it announced that the company was making the move to a Mark-to-Market (MTM) method of accounting. This type of accounting recognizes the fair value of assets or liabilities based on the current market price, regardless of past associated costs.

Pension Expenses & Profits

A challenge for Honeywell over the last several years have been pension costs that have ate into quarterly profits and impacted the company's stock price in the market. This is due in part to Honeywell's large workforce as well as retiree group currently being supported by the pension. In response to this Honeywell has made many moves to limited employee benefits and change pension policies.

Honeywell Contributions to Pension Fund

In Q4 2012 Honeywell contributed $256 million dollars to its U.S. defined benefit plans for a total of $1 Billion in 2012. This brings the entire plan assets at $12.8 billion as of year-end 2012.

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