If You Are a Current Employee Thinking About Retirement
You should refer to the current Summary Plan Description (SPD), also commonly referred to as the Summary of Benefits Handbook, for your particular employee status (Union-Represented or Management and Administrative & Technical) to see a description of current plan provisions. If you cannot locate your current employee SPD, you can contact the PG&E Benefits Service Center.
You have a right to know the amount of your vested benefit in the Retirement Plan. To assist you in determining your accrued benefit, you may use the Pension Estimator that is located in the Retirement Plan (Pension) section of the PG&E@Work intranet site to calculate your estimated benefit based on information and assumptions that you enter.
You may also request a pension estimate by contacting the PG&E Benefits Service Center at 866-271-8144 (open weekdays from 7:30 a.m. to 5 p.m. Pacific time). If you are seriously considering retirement in the near future, you must notify the PG&E Benefits Service Center in writing at least 90 days before your proposed retirement date.
Pension estimates — whether performed by you or by the PG&E Benefits Service Center — are not binding and are subject to final review of payroll and employment data, as well as applicable Plan provisions. If a mistake is made, you will be paid the correct amount, even if that amount is less than the estimated amount.
Ready to Retire?
You must request a Retirement Package in writing at least 90 days before the date on which you want to retire. Your completed paperwork must be received by the PG&E Benefits Service Center at least 30 days prior to your retirement date. If you have questions about initiating your retirement request, you can contact the PG&E Benefits Service Center at 866-271-8144 (open weekdays from 7:30 a.m. to 5 p.m. Pacific time).
Be sure to notify your supervisor of your retirement so your last paycheck will be processed in a timely manner.