Retirement Plan at a Glance
Retirement Plan at a Glance
The Pacific Gas and Electric Company Retirement Plan (the "Retirement Plan") provides eligible participants with a pension benefit, payable as a monthly annuity, that serves as a valuable part of your retirement income. It's important for you to understand how the Plan works and what kind of income you can expect from it so that you can begin planning for your retirement now. Your own savings, plus the benefits available to you from the Retirement Plan, the Retirement Savings Plan and Social Security, all contribute to your financial health in retirement.
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 call the PG&E Benefits Service Center at 866-271-8144 (open weekdays from 7:30 a.m. to 5 p.m. Pacific time). See "Payment Options" for more information about making your retirement elections. Be sure to notify your supervisor of your retirement so your last paycheck will be processed in a timely manner. If you are divorced, you may need to obtain a Qualified Domestic Relations Order (QDRO) to divide your pension benefit with a former spouse. See "If You Get Divorced" under the Final Pay Pension or Cash Balance Pension sections for more information, including important details about submitting your retirement paperwork if you are divorced.