The Unite union described its talks with Ford as "lengthy but constructive".
Unite has concluded an agreement with Ford to make a settlement offer to eligible ex-Visteon employees who filed legal claims in connection with reductions in their pensions resulting from Visteon UK being put into administration in 2009.
The settlement would avoid further expense for participants in the case and will settle the legal claims that these individuals have made against Ford.
Details of the settlement are confidential and a private matter for those directly involved.
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David and Angela Southwood, from Newport, say they plan to live in a caravan over the border after learning of the decision.