Retirement

PG&E offers four benefit plans to help you have a secure retirement:

  • 401(k): The PG&E Corporation Retirement Savings Plan (the Retirement Savings Plan)
  • Pension: The Pacific Gas and Electric Company Retirement Plan (the Retirement Plan)
  • Postretirement Life Insurance: The Pacific Gas and Electric Company Postretirement Life Insurance Plan
  • Retiree Medical: The Pacific Gas and Electric Company Health Care Plan for Retirees and Surviving Dependents

For details about PG&E’s pension, retiree medical and postretirement life insurance benefits, download the booklets that are sent to eligible employees when they initiate retirement:

PG&E also offers retirement planning tools to help you understand how much you’ll need to save before you retire:

How much income will you have?
What’s the value of your 401(k)? How much are you contributing to your 401(k)? Find out at your Fidelity NetBenefits account.
How would different investments affect your 401(k) account? Use the Fidelity Investment Calculator at 401k.com.
How much will your pension benefit be when you retire? Calculate your estimated monthly benefit with the PG&E Pension Estimator tool at the PG&E online Pension Center.
How much will your Social Security benefit be? Estimate your benefit at socialsecurity.gov.

How will your pension benefit be calculated? Sign up for the Learning Academy course CORE-9025VL: Pension and Other Retirement Income.

Go to PG&E@Work for Me > About Me > Learning > My Learning > Smart Search. In the search field, type the course code: CORE-0925VL. You should be able to see available dates and enroll. Need help? Email HRPensionQuestions@pge.com or call the PG&E Pension Center at 1-800-700-0057.

How much will your PG&E-sponsored retiree medical coverage cost?

Find out how much the Retiree Medical Savings Account (RMSA) will pay toward PG&E-sponsored retiree medical coverage.

See your current Retiree Medical Savings Account (RMSA) balance
If you’re age 46 or older, you can see your current RMSA balance. The RMSA starts growing at age 45, and credits are awarded on the last day of each calendar year.

From your Mercer BenefitsCentral home page, follow this path: Menu > My Account > Profile > Retiree Savings Account.

This shows your current RMSA balance through December 31 of the prior year. It does not project your balance to retirement. As you continue to work, you’ll earn additional credits at the end of each year—plus, even more credits will be awarded when you retire.

See your projected Retiree Medical Savings Account (RMSA) balance
This tool allows you to project beyond what you have earned to date and estimate what your RMSA balance would be as of whatever retirement date(s) you choose to model. This projected balance includes the additional credits that would be awarded when you retire, based on the date(s) you model.

  • Log in to your Mercer BenefitsCentral account.
  • From your Mercer BenefitsCentral home page, scroll to the bottom of the page.
  • On the left side under Tools, click on Retiree Medical Estimator Tool.

Need help? Download Estimating RMSA Account Balance and Retiree Medical Premiums.

See the monthly premiums for PG&E-sponsored retiree medical coverage.

How will your Retiree Medical Savings Account (RMSA) affect your PG&E-sponsored retiree medical plan costs? Sign up for the Learning Academy course CORE-9024VL: Retiree Medical and Other Expenses.

Go to PG&E@Work for Me > About Me > Learning > My Learning > Smart Search. In the search field, type the course code: CORE-9024VL. You should be able to see available dates and enroll. Need help? Email HRPensionQuestions@pge.com or call the PG&E Pension Center at 1-800-700-0057.