The Retirement Plan is a "defined benefit" plan, which means eligible participants receive a fixed monthly pension benefit that is based on a defined formula. A detailed summary description of the PG&E Retirement Plan is included in this section.

The Retirement Savings Plan, sometimes referred to as the 401(k) plan, is a "defined contribution" plan, which means eligible participants receive a benefit based on contributions made to the Plan. A participant's benefit varies with the amount of personal and Company contributions made to the Plan as well as investment gains and losses on these contributions. Summary information about this Retirement Savings Plan (RSP) is provided in a separate Summary Plan Description (SPD): The PG&E Corporation Retirement Savings Plan for Union-Represented Employees. This SPD and other reference documents are available to you online on the website of the Plan recordkeeper, Fidelity Investments, at www.401k.com or in the Benefit Plan Documents section of the PG&E@Work intranet.

The Health Care Plan for Retirees and Surviving Dependents provides medical, mental health and substance abuse and prescription drug coverage for eligible retirees and their spouses/registered domestic partners and/or dependents. A detailed summary description of the Retiree Medical Plan is included in this section. Additional information is available in the Summary of Benefits Handbook for Retirees and Surviving Spouses in the Benefit Plan Documents section of the PG&E@Work intranet.

The Postretirement Life Insurance Plan provides eligible retirees with a specific amount of life insurance coverage. Additional information is available in the "Benefits at a Glance" section of this handbook as well as the Summary of Benefits Handbook for Retirees and Surviving Spouses in the Benefit Plan Documents section of the PG&E@Work intranet.

The Company also makes contributions based on your pay towards your future Social Security retirement benefits. These contributions are in addition to the deductions for Social Security taxes taken out of your paycheck.

You should plan carefully for your financial security after you retire. In addition to Social Security and the two retirement income plans available through the Company, your individual savings are a vital component in ensuring the lifestyle you desire when you retire. You may want to consult with a financial planner to develop an individual savings plan that is most appropriate for your future needs.