Dr. Wanda Austin, keynote speaker at upcoming awards dinner

The El Camino College Foundation will hold its 2024 Distinguished Alumni and Gratitude Awards Dinner on February 23, 2024, at the DoubleTree by Hilton in Torrance. Dr. Wanda Austin, former CEO of The Aerospace Corporation, will be the keynote speaker.

Other honorees include Sabrina Steele, Executive Director, The Aerospace Corporation; David Dumais, Torrance Fire Chief; Chris Mortensen, ESPN (Retired); and Dr. Jennifer Taylor-Mendoza, President, West Valley College.

Tickets are available here.

Event Details:

  • Friday, February 23, 2024
  • DoubleTree by Hilton, Torrance
  • 21333 Hawthorne Blvd, Torrance, CA 90503
  • Guest check-in will begin at 5:30 p.m., Reception begins at 6 p.m.

2024 Variable Unit Values Posted

Your Yearly AERP Pension Update

Annual pension benefit statements are mailed at the end of December.

Unit Payment Values

20232024
Variable Benefit$10.5745$11.1846
Alternate Variable$1.8887$1.9014
Portfolio A$2.2543$2.2218

Fixed Benefit COLA 2024:

Participants that were originally hired before January 1, 1985: 2.0%
Participants that were originally hired on or after January 1, 1985: 2.0%

Fixed Benefit COLA 2023:

Participants that were originally hired before January 1, 1985: 2.0%
Participants that were originally hired on or after January 1, 1985: 2.0%

More information may be found on the Aerospace Retirees’ website. retirees.aerospace.org

Open Enrollment News

Open Enrollment period for retirees is 12/3 – 12/10.  2024 charts and eGuide will be posted by 12/3.

If you are currently covered by an Aerospace Medicare HMO plan, you must switch to the Aerospace Anthem Medicare Preferred PPO  or register for a new plan with Alight or coverage will be terminated effective 12/31/23. 

Alight Retiree Medical Presentation

Aerospace also notes that our 2024 AERP pension variable unit values will be mailed at the end of December. In the past, the new unit value would have been posted on the webpage before the end of December, but that’s much more uncertain these days.

Your Yearly AERP Pension Update

Annual pension benefit statements are mailed at the end of December.

Unit Payment Values

  2022 2023
Variable Benefit $13.2181 $10.5745
Alternate Variable $1.9506 $1.8887
Portfolio A $2.4627 $2.2543

2023 Pension Plan

Please click here to access the Aerospace Retirees’ Portal, where the company has listed the 2023 variable unit value and the fixed benefit COLA.

Additional pension plan information can be found on the same page under the “Retirement” drop-down menu. If you’re interested in seeing the history of the variable unit values back to 1990, please click here

The “Payment Value” column is the number used to calculate the variable portion of our pension payment (multiply the variable unit value by the number of units you have; that number can be found on your annual Northern Trust statement). 

To preserve history, ARC is capturing the variable unit values back to 1961; we’ll post it here on the ARC website when it is completed.

ARC Virtual Zoom Holiday Party-December 3, 2020

The Aerospace Retirees’ Club Invites you and a guest to join us for our first Virtual Zoom Holiday Party on Thursday, December 3, 2020. This invitation is open to all Aerospace Retirees. You need not be a Club Member to attend.

This Event will reconnect our entire Aerospace Retirement Community. The Party will begin at 10:30 AM for West Coast Retirees, 11:30 AM for Mountain Zone Retirees, 12:30 PM for Central Zone Retirees, 1:30 PM for East Coast Retirees.

Thanks to funding from the Aerospace Employees Association (AEA), we have arranged for professional Zoom support from Ripple FX. This also allows us to make this historic nation­-wide Aerospace Retirees’ Party open to all retirees. Please tell your fellow retirees.

Click HERE for the flyer and information on how to register.