Retirement Home

Already Retired? Leaving PG&E Soon?

PG&E offers these benefits to support you in retirement:

Type of benefit Do you have this benefit? Can you make changes after you retire?
Retirement Savings Plan (RSP)
Most Union-represented, Management, A&T and PG&E Corporation employees are eligible to participate in the 401(k) plan.


You can change your investment mix or move your money after you retire. You can:

  • Keep your money in the PG&E plan if your balance is greater than $5,000;
  • Roll your balance into another tax qualified plan, like a 401(k) or IRA; or
  • Take your balance as a lump-sum cash disbursement.

The IRS requires that you take annual distributions by April 1 of the calendar year following the year you reach age 72 (70-1/2 if you reached 70-1/2 before January 1, 2020).

Retirement Plan

You’ll have a pension benefit if you’re vested when you retire or leave PG&E. Vesting is based on your pension formula and your age and years of service when you leave PG&E:

Final pay or final average pay formula—age 55 or 5 years of service

Cash balance formula—age 55 or 3 years of service

You can’t change any of your pension elections for any reason after your pension start date.

You can start or stop direct deposit, or change your banking information—and you can also change your tax withholding anytime.

Postretirement Life Insurance

You automatically get Postretirement Life Insurance at no cost to you when you retire.

All employees: You have 31 days after your retirement date to convert your employee and dependent life insurance to an individual policy by buying the difference between your employee coverage and your retiree coverage. After 31 days, you can no longer convert your employee and dependent coverage.

Union-represented employees automatically get $8,000 in postretirement life insurance coverage.

The amount of coverage for Management and A&T employees depends on your years of credited service at retirement and the date you were first hired or promoted into a Management or A&T position.

Yes—but only within 31 days after your retirement date.
Retiree Medical Coverage

To be eligible for PG&E-sponsored retiree medical coverage, you must be at least age 55 on your last day of employment and retire with at least 10 years of service or be a Management or A&T employee hired before 2004.


After you report your Intent to Retire to the PG&E Benefits Service Center, you can enroll for retiree medical coverage—but you don’t have to. You’ll be able to enroll or change your coverage each year during Open Enrollment.

Retiree Health Account

You’ll automatically get this tax-free health reimbursement account when you retire if you:

  • Are eligible for PG&E-sponsored retiree medical coverage;
  • Are enrolled in the Anthem or Kaiser Health Account Plan (HAP) when you retire; and
  • Have leftover Heath Account credits when you retire.

Management, A&T and ESC employees retiring after January 1, 2017*: You also could have a Retiree Health Account if you’re eligible for PG&E-sponsored retiree medical coverage and you have Capped Sick Time when you retire, even if you’re not enrolled in the HAP as an employee.

If you have Capped Sick Time when you retire, 25% of your Capped Sick balance (up to a maximum of 25% of 1,040 Capped Sick hours) will be converted to credits and deposited into a Retiree Health Account for you.

*IBEW- and SEIU-represented employees do not have Capped Sick Time.

To see how a converted Capped Sick Time balance is calculated, download the guide to Converting Your Unused Capped Sick Time Bank to Retiree Health Account Credits.


You can’t elect the Retiree Health Account or contribute to it after you retire.

You can use the credits in your account to help pay for health care premiums and out-of-pocket health expenses—even if you’re not enrolled in a PG&E-sponsored retiree medical plan.

If you haven’t already retired, check out these resources to see the steps you’ll need to take and important timing before you can retire:

401(k) HELP
I need to. . .

Get my Retirement Savings Plan (RSP) distribution package (mailed 30 days after your retirement date)

Update my 401(k) beneficiary

See my account balance

Change my investment mix

Request withdrawals


Log in to your NetBenefits account at


Representatives are available Monday–Friday except New York Stock Exchange holidays, 5:30 a.m.–9 p.m. Pacific time.

Get professional management for my 401(k) account

Have a professional handle my investment mix and set monthly payouts to last throughout my retirement

Edelman Financial Engines

Fee-based Professional Management Income+ service, available through your NetBenefits account at



Once you start drawing your pension, you can’t change your pension payment option. But you can start or stop direct deposit, or change your banking information—and you can also change your tax withholding.

PG&E PensionConnect

PG&E PensionConnect is a secure way to access your pension benefit information anytime, anywhere—from any computer or mobile device:

  1. Go to
  2. Enter your username and password

    First-time users will have to register and create a new username and password. You’ll be asked to enter your Social Security number or your Pension Personnel ID Number (PERNR) for verification before you can create a profile. You can find your PERNR on your pension pay statement.

    IMPORTANT! You’ll need to register with your PERNR after your retirement date—even if you recently used the PG&E Pension Service Center as an active employee. You can’t register as a retiree until after you retire.

  3. Review your personal homepage. This is where you can:
    • View your pension payments
    • Change your tax withholding elections
    • Adjust your payment delivery method
    • Update your bank account information
    • Request an income verification letter
    • Update your address
    • Confirm your preferred method for communication delivery
    • Read the Retiree News—current and past 12 months are available


PG&E Pension Service Center

Retirees and pension beneficiaries can call 1-800-700-0057 for help with:

  • Pension payments—including starting a joint pension payment
  • Survivor benefits
  • Direct deposit changes
  • Tax withholding changes

Representatives are available Monday–Friday except holidays, 7:30 a.m.–5 p.m. Pacific time (voicemail is available after hours).


Whether you’re a retiree or a surviving dependent, here’s where you can get help with your medical and life insurance benefits.

Retirees and dependents

I need to. . . myPlans Connect

Update my postretirement life insurance beneficiary

Get information about PG&E-sponsored retiree medical and postretirement life insurance benefits

Log in to your myPlans Connect account:

After logging in, go to Menu > My Account > Beneficiaries

Retirees, surviving dependents and beneficiaries

I need to. . . PG&E Benefits Service Center

Find out my Retiree Medical Savings Account (RMSA) balance, if eligible

Talk to someone about my medical plan options, premium costs and postretirement life insurance coverage

Call to report the death of a dependent or retiree

Call to collect life insurance benefits


Representatives are available Monday–Friday, 7:30 a.m.–5 p.m. Pacific time


I need to. . . MetLife

Convert my employee life insurance coverage to an individual policy within 31 days after I retire



You must enroll in Medicare Parts A and B to get full medical benefits.

DO NOT ENROLL in any Medicare Part D prescription drug plan or Medicare Advantage plan that is not sponsored by PG&E. If you do, your PG&E-sponsored coverage will end.

Retirees and dependents

I need to. . .

Enroll in Medicare

Get a Medicare card

Social Security: 1-800-772-1213

Get claims-specific or general Medicare information

Medicare: 1-800-633-4227

Social Security survivors’ benefits

When your spouse or other family member dies, you may be eligible for Social Security survivors’ benefits. If your own benefit is higher than your family member’s benefit, you should take your own benefit.

Widows and widowers who are at full retirement age as defined by the Social Security Administration should qualify for 100 percent of their spouse’s benefit.

If you were born between 1943 and 1954, the full retirement age is 66. If you’re younger, benefits are graduated by age and work status.

I need to. . .

Find information about what I need to provide to get survivors’ benefits

Learn how to apply

Social Security:

Apply for survivors’ benefits

Social Security:

1-800-772-1213 or contact your local Social Security office

You can’t apply online


Here are other resources offered by Pacific Service Employees Association (PSEA) and other groups. PG&E does not endorse or contribute to PSEA or other plans.

I need to. . .

Get help with estate planning, power of attorney, wills and trusts

Pacific Service Employees Association (PSEA)

Get access to a suite of MetLife estate planning products

Visit or call 1-800-272-7732

Get direct deposit for my pension

Get information about loans, refinancing options and savings products

Pacific Service Credit Union (PSCU)

1-888-858-6878 or

San Joaquin Power Employees Credit Union (SJPECU)

1-800-637-5993 or

Learn about PG&E matching gifts on amounts I pledge as a retiree

Campaign for the Community

1-866-751-6031 or email

Representatives are available Monday–Friday except holidays, 6:30 a.m.–4 p.m. Pacific time

Check the status of my retirement service award

BI Worldwide (BI)

Call if you haven’t received your information packet within 60 days after your retirement date