Postretirement Life and Accident Insurance Plans
Life Insurance
"Company" Defined
Throughout this section, unless otherwise stated, reference to "Company" or "PG&E" means Pacific Gas and Electric Company. The plans and benefits described in this handbook are also applicable to employees who terminate at or after age 55 ("retirees") of PG&E Corporation and its designated subsidiaries, but only to the extent that such entities are participating employers with respect to the described plans or programs and such retirees meet the eligibility requirements of the plans or programs.
When you end your employment at or after age 55 ("retire"), the full amount of your pre-retirement employee supplemental life insurance coverage remains in effect for 31 days. After 31 days, the Company provides continued Postretirement Life Insurance coverage.
Postretirement life insurance coverage is provided under the Pacific Gas and Electric Company Postretirement Life Insurance Plan.
Accidental Death & Dismemberment Insurance (Depending on Your Prior Job Level)
If you are covered for $250,000 of Company-paid Basic Accidental Death & Dismemberment insurance (AD&D) immediately before you end your employment at or after age 55 ("retire"), upon retirement you may elect Postretirement Accidental Death & Dismemberment Insurance (AD&D) coverage for:
  • yourself, and
  • your legally married spouse or registered domestic partner.
Otherwise, all Accidental Death & Dismemberment insurance cancels at retirement. Postretirement AD&D coverage is provided under the Pacific Gas and Electric Company Group Life Insurance Plan.
Claims Administrators and Insurers
Metropolitan Life Insurance Company (MetLife) is both the Claims Administrator and insurer of the life and AD&D insurance benefits.
Additional Information
In addition to the information in this section, there is also important information about your benefits in other parts of this Handbook. Be sure to review the About This Handbook section, the Benefits at a Glance section, the What to Do… section, and the Rules, Regulations & Administrative Information section.
Plan Documents and Administration
The plan document for The Pacific Gas and Electric Company Postretirement Life Insurance Plan, the terms of this Summary of Benefits Handbook which pertain to the Postretirement Life Insurance Plan, the documents which are Summaries of Material Modifications to the Postretirement Life Insurance Plan, and the applicable life insurance policy govern the operation of the Postretirement Life Insurance Plan and comprise the Plan document. If a conflict exists between these plan documents and any other communications or documents, the plan documents shall govern the operation of the Postretirement Life Insurance Plan
The Employee Benefit Committee of PG&E Corporation is the Plan Administrator of the Postretirement Life Insurance Plan and has the discretionary authority to interpret and construe the terms of the plan documents, to resolve any conflicts or discrepancies between documents and to establish rules which are necessary or desirable for the administration of the Plan. Notwithstanding the foregoing, the insurer has the authority to construe and interpret the terms of the life insurance policy, the certificate of insurance or other similar documents which describe the terms and conditions of the life insurance policy. Nothing in the plan documents or any other communication or document is intended to provide any individual with a substantive right to life insurance benefits that is not provided for in the life insurance policy.