Retirement Savings Plan
Retirement Savings Plan
The PG&E Corporation Retirement Savings Plan ("the Plan") for Management, Administrative & Technical employees offers you a valuable way to save for your future, through pre-tax and after-tax contributions, as well as employer contributions.
Throughout this Retirement Savings Plan section, unless otherwise stated, reference to "Company" or "PG&E" means PG&E Corporation. The Plan and benefits described in the section also apply to employees of Pacific Gas and Electric Company and other designated subsidiaries, but only to the extent that such entities are participating employers with respect to the described plans or programs and such employees meet the eligibility requirements of the plans or programs.
The Plan is a consolidated plan merging defined contribution retirement plans formerly administered by subsidiaries of PG&E Corporation which offers eligible employees of PG&E Corporation, Pacific Gas and Electric Company and other designated subsidiaries a tax-advantaged way to save for retirement. The Plan also includes an additional component — an Employee Stock Ownership Plan (ESOP), which is linked to the PG&E Corporation Stock Fund investment option (see "PG&E Corporation Stock Fund Information" for more information. The Plan is intended to qualify under section 401(a) and section 401(k) of the Internal Revenue Code (IRC). The Plan is also intended to satisfy the requirements of section 404(c) of the Employee Retirement Income Security Act of 1974, as amended (ERISA), including all applicable regulations issued by the United States Department of Labor and the United States Treasury Department.
This Summary Plan Description contains a summary of your rights and benefits under the Plan. It is not meant to interpret, extend or change the Plan in any way. A copy of the Plan is on file with the Administrator and may be reviewed by any participant or beneficiary at any reasonable time.
The Plan document governs in the event of any discrepancy between this Summary Plan Description and the actual provisions of the Plan document. PG&E Corporation reserves the right to change, amend, or terminate the Plan at any time.
This Retirement Savings Plan section constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933. This prospectus is available at http://spd.mypgebenefits.com/retirement-savings-prospectus.pdf.
If you have questions about the Plan or the Summary Plan Description, please contact the RSP Service Center at 877-PGE-401k or 877-743-4015 or the Plan Administrator (see the Rules, Regulations and Administrative Information section for contact information).