The Pacific Gas and Electric Company Retirement Plan
Name and Address of Employer
The Pacific Gas and Electric Company Retirement Plan is sponsored by:
Pacific Gas and Electric Company
1850 Gateway Boulevard, 7th Floor
Concord, CA 94520
Employer Identification Number
The Internal Revenue Service has assigned this ID number to the Plan sponsor:
Pacific Gas and Electric Company: 94-0742640
Participating Employers
The Pacific Gas and Electric Company
PG&E Corporation
PG&E Corporation Support Services, Inc.
PG&E Corporation Support Services II, Inc.
Plan Name
The Pacific Gas and Electric Company Retirement Plan
Plan Number
001
Plan Type
Pension: Defined Benefit
Plan Year
1/1–12/31
Plan Administrator
The Plan Administrator for the Plan is:
The Employee Benefit Committee (EBC) of PG&E Corporation
c/o Pacific Gas and Electric Company
Benefits Department
1850 Gateway Boulevard, 7th Floor
Concord, CA 94520
Plan Trustee, Insurance Issuer and/or Third-Party Administrator
Plan Trustee:
Mellon Bank
One Mellon Center
500 Grant Street, room 1315
Pittsburgh, PA 15258-0001
See the row titled "Funding" in this table for more information.
Discretionary Authority
The Plan Administrator has oversight responsibility for the administration of the Plan which includes maintaining records, and making rules, computations, interpretations and decisions that may be necessary for administration of the Plan. The Plan Administrator has the discretionary authority to interpret, construe, and define the terms of the Plan.
Agent for the Service of Legal Process
If you wish to take legal action after exhausting the applicable claims and appeals procedures, a lawsuit may be served on the Plan Administrator. Process may also be served on the Plan Trustee (see the row titled "Plan Trustee, Insurance Issuer and/or Third-Party Administrator" in this table for the address). Service should be directed to:
Linda Y.H. Cheng
Vice President, Corporate Governance and Corporate Secretary
Pacific Gas and Electric Company
77 Beale Street
Mail Code B24W
San Francisco, CA 94105
Other Administrative Information
ERISA divides employee benefit plans into two broad categories: welfare plans and pension plans.
There are two types of "pension" plans. A "defined benefit" plan calculates your pension by using a formula; the amount of your benefit depends upon your pay and your credited service with the Company and a "defined contribution" plan provides an individual account for each participant; the amount you receive as a benefit depends upon the amount contributed to your account and the investment performance of the contributions.
The Pacific Gas and Electric Company Retirement Plan is a defined benefit pension plan.
Funding
The Retirement Plan has been an employer-paid plan since 1973. The amount of each year's Company contribution is determined by the Employee Benefit Committee (EBC) based upon the advice of the Retirement Plan's actuary and in accordance with various laws and regulations which govern contributions to retirement plans. Company contributions are paid to bank trustees for safekeeping. Investment managers are appointed by EBC to direct the investment of the contributions paid to bank trustees.
Bank trustees, insurance companies and investment managers are currently employed to invest or act as custodians of Retirement Plan assets.