--- title: BMW Associates – Your Pension is Changing and You Must Take Action, Quickly! description: "BMW employees: Here's what you need to know about the changes to your pension." image: https://blog.globalviewinv.com/hubfs/BMW%20pension%20plan%20changes%20Global%20View%20Investments.jpg --- [![3_Global-View-SMALL_long_black](https://globalviewinv.com/wp-content/uploads/2025/10/3_Global-View-SMALL_long_black-scaled.png#130)](https://globalviewinv.com) ✕ - [About Us](https://globalviewinv.com/about-us/) - [Our Story](https://globalviewinv.com/about-us/) - [Our Founder](https://globalviewinv.com/about-us/) - [Meet Our Team](https://globalviewinv.com/about-us/) - [Your Fee-Only Fiduciary Partner](https://globalviewinv.com/about-us/) - [Referral Partners](https://globalviewinv.com/about-us/) - [Why Global View](https://globalviewinv.com/why-global-view/) - [Your Independent Advocate](https://globalviewinv.com/why-global-view/your-independent-advocate/) - [Real Risk Management](https://globalviewinv.com/why-global-view/real-risk-management/) - [Family-Office-Style Services](https://globalviewinv.com/why-global-view/family-office-style-services/) - [What We Do](https://globalviewinv.com/what-we-do-global-view/) - [Comprehensive Financial Planning](https://globalviewinv.com/what-we-do-global-view/comprehensive-financial-planning/) - [Setting the Path to Retirement](https://globalviewinv.com/setting-path-retirement/) - [Worry-Free Portfolio Management](https://globalviewinv.com/what-we-do-global-view/worry-free-portfolio-management/) - [Tax and Estate Planning Coordination](https://globalviewinv.com/what-we-do-global-view/tax-and-estate-planning/) - [Navigating Life After Loss](https://globalviewinv.com/navigating-life-after-loss/) - [Our Fees](https://globalviewinv.com/what-we-do-global-view/our-fees/) - [Who We Serve](https://globalviewinv.com/who-we-serve/) - [Client Experiences](https://globalviewinv.com/who-we-serve/client-experiences/) - [Contact Us](https://globalviewinv.com/contact-us/) - [Resources](https://globalviewinv.com/resources/) - [News & Insights](https://blog.globalviewinv.com/) - [eBooks](https://globalviewinv.com/ebooks/) - [Quick Guides](https://globalviewinv.com/quick-guides/) - [Videos](https://www.youtube.com/@Globalviewinv) - [Client Login](https://globalviewinv.com/client-login/) - [About Us](https://globalviewinv.com/about-us/) - [Our Story](https://globalviewinv.com/about-us/) - [Our Founder](https://globalviewinv.com/about-us/) - [Meet Our Team](https://globalviewinv.com/about-us/) - [Your Fee-Only Fiduciary Partner](https://globalviewinv.com/about-us/) - [Referral Partners](https://globalviewinv.com/about-us/) - [Why Global View](https://globalviewinv.com/why-global-view/) - [Your Independent Advocate](https://globalviewinv.com/why-global-view/your-independent-advocate/) - [Real Risk Management](https://globalviewinv.com/why-global-view/real-risk-management/) - [Family-Office-Style Services](https://globalviewinv.com/why-global-view/family-office-style-services/) - [What We Do](https://globalviewinv.com/what-we-do-global-view/) - [Comprehensive Financial Planning](https://globalviewinv.com/what-we-do-global-view/comprehensive-financial-planning/) - [Setting the Path to Retirement](https://globalviewinv.com/setting-path-retirement/) - [Worry-Free Portfolio Management](https://globalviewinv.com/what-we-do-global-view/worry-free-portfolio-management/) - [Tax and Estate Planning Coordination](https://globalviewinv.com/what-we-do-global-view/tax-and-estate-planning/) - [Navigating Life After Loss](https://globalviewinv.com/navigating-life-after-loss/) - [Our Fees](https://globalviewinv.com/what-we-do-global-view/our-fees/) [![2_Global-View-TAGLINE_stacked_white](https://globalviewinv.com/wp-content/uploads/2025/10/2_Global-View-TAGLINE_stacked_white-scaled.png#123)](https://globalviewinv.com) - [Who We Serve](https://globalviewinv.com/who-we-serve/) - [Client Experiences](https://globalviewinv.com/who-we-serve/client-experiences/) - [Contact Us](https://globalviewinv.com/contact-us/) - [Resources](https://globalviewinv.com/resources/) - [News & Insights](https://blog.globalviewinv.com/) - [eBooks](https://globalviewinv.com/ebooks/) - [Quick Guides](https://globalviewinv.com/quick-guides/) - [Videos](https://www.youtube.com/@Globalviewinv) - [Client Login](https://globalviewinv.com/client-login/) [![6_Global-View-Icon-black](https://globalviewinv.com/wp-content/uploads/2025/10/6_Global-View-Icon-black-scaled.png#68)](https://globalviewinv.com) # BMW Associates – Your Pension is Changing and You Must Take Action, Quickly! ![](https://globalviewinv.com/wp-content/uploads/2025/11/gold-line.jpg) # Global View Investment Blog [![](https://blog.globalviewinv.com/hubfs/BMW%20pension%20plan%20changes%20Global%20View%20Investments.jpg)](https://blog.globalviewinv.com/bmw-associates-your-pension-is-changing-and-you-must-take-action-quickly) # BMW Associates – Your Pension is Changing and You Must Take Action, Quickly! [Retirement Planning](https://blog.globalviewinv.com/tag/retirement-planning), [Global View News & Commentary](https://blog.globalviewinv.com/tag/global-view-news-commentary) Apr 22nd, 2019 By: [Joe Hines](https://blog.globalviewinv.com/author/joe-hines) If you are an employee of BMW, your pension is changing. You must take action, and time is limited. Any time something occurs that could change your overall financial plan, we encourage clients to talk with their financial advisor. BMW employees will receive the below notification, so **[let’s meet](https://globalviewinv.com/team_member/joe-e-hines-jr/)** to discuss which option is best for you.   #### **Notification to Active BMW Employees** - You will receive a card from BMW to select one of these options: - Option 1 – Take monthly pension at age 60. - Option 2 – Take a lump sum payout. - Plan freezes on June 30, 2019 and amount you receive will no longer increase. - If you choose Option 2, you will receive a lump sum payout in December 2019. This should be rolled into an IRA of your choosing, to remain tax deferred. Let us help you navigate through the options. Contact one of **[Global View’s advisors](https://globalviewinv.com/about-us/team/)** for a conversation about your pension. You can call us at **(864) 272-0818** or contact us **[here](https://globalviewinv.com/contact-us/)**. It may also be beneficial to go through our **[Setting the Path planning process](https://info.globalviewinv.com/take-a-test-drive?hsLang=en-us)**. This program allows you to set up a no-obligation, 15- to 30-minute phone call to determine if there is a mutual fit. If there is, we set up an introductory meeting. This is a great opportunity to “take a test drive” with one of our financial advisors if you’re not working with one currently or want to make a change. At this complimentary meeting, we will learn about your goals and current situation. Then you can agree to pay for a Plan Summary, for which we charge $895, or you just go home. If you hire us for Setting the Path, we conduct a second meeting, in which we create a high-level summary. Whether you continue with us or not, it’s a valuable second opinion that can help guide your next steps.   [![New Call-to-action](https://no-cache.hubspot.com/cta/default/4350261/3799a01a-2672-441a-b509-47937e444545.png)](https://cta-redirect.hubspot.com/cta/redirect/4350261/3799a01a-2672-441a-b509-47937e444545) ![Joe Hines](https://blog.globalviewinv.com/hubfs/Joey%20Global%20View.jpg) ### Written by [Joe Hines](https://blog.globalviewinv.com/author/joe-hines) Joey's primary focus is working with clients in the goals setting and financial planning process. He has extensive experience is in helping clients facilitate the decision making process, leading them through the implementation of their financial plan and contributing to their peace of mind. This includes helping clients gain an understanding of estate planning, charitable giving, and helping them implement these plans by working closely with estate planning attorneys. 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