PENSION BENEFITS. VF sponsors and maintains the VF Corporation Pension Plan (the Pension Plan), a tax-qualified defined benefit plan that covers most of VFs domestic employees who were employed by VF on or before December 31, 2004, including the named executive officers.here are two formulas for computing benefits under the Pension Plan. The normal retirement formula is used for employees who qualify for early retirement under the Pension Plan upon termination, by being credited with at least 10 years of service with VF and having attained age 55.
The VA issues a certificate of eligibility which will show how much entitlement is available for the VA guarantee. Today, that entitlement is $36,000 and the VA will guarantee up to four times that amount, or $144,000. For loans above that amount, the VA guarantee applies to 25 percent of the loan up to $417,000.
Any loan amount above those limits is considered a jumbo mortgage and has higher rates compared to loans at or below the $417,000 conforming limit. Regardless of the loan limit, conventional mortgages require a down payment while VA loans do not. As long as the VA loan is no greater than $417,000 or $625,000 in VA's high cost areas, the veteran is required to have no money down in order to obtain the VA home loan.