What Happens If You Retire
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What Is the Service-Related Contribution Schedule
If you retire from the company with 10 or more years of credited
service and are eligible for an unreduced pension benefit
(other than a deferred vested benefit) from our pension plan,
you may be eligible for continued health care in retirement.
The type of health care you and your dependents may have depends
on your age and years of credited service in the retirement
plan as of January 1, 1993. Dental, vision, and hearing coverage
ceases for you and your dependents.
What Is the Service-Related Contribution
Schedule
If you retire and had less than 75 points on January 1, 1993,
you will be responsible for paying a certain portion of the
company's cost for health care coverage for you and your spouse
based on your total years of credited service at retirement.
These contributions will be required for each month that either
you or your spouse is under age 65. Your share of the company's
cost is shown in the following chart:
Your Years of Credited Service At Retirement
|
Your Share of Retiree Cost
|
Your Share of Dependent or Survivor Cost
|
|
30
|
0%
|
25%
|
|
29
|
3%
|
25%
|
|
28
|
6%
|
25%
|
|
27
|
9%
|
25%
|
|
26
|
12%
|
25%
|
|
25
|
15%
|
25%
|
|
24
|
18%
|
25%
|
|
23
|
21%
|
25%
|
|
22
|
24%
|
25%
|
|
21
|
27%
|
27%
|
|
20
|
30%
|
30%
|
|
19
|
33%
|
33%
|
|
18
|
36%
|
36%
|
|
17
|
39%
|
39%
|
|
16
|
42%
|
42%
|
|
15
|
45%
|
45%
|
|
14
|
48%
|
48%
|
|
13
|
51%
|
51%
|
|
12
|
54%
|
54%
|
|
11
|
57%
|
57%
|
|
10
|
60%
|
60%
|
Click
here to view Retiree Medical Program chart for retirements
on or after January 1, 1993.
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|
