Retirement Home

Retiring in a Few Years?

What do you want to do when you retire? Travel? Volunteer? Buy a new home?

Think about your needs (housing expenses, medical expenses) and wants (travel, leisure activities). Will you have enough to retire comfortably?

You’ll need to balance your needs and wants—your expenses—with your income (pension, Social Security, 401(k) and other personal savings). Find out more—sign up for the Learning Academy course CORE-9024VL, Retiree Medical and Other Expenses, and for 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-9024VL or CORE-9025VL. You should be able to see available dates and enroll. Need help? Email or call the PG&E Pension Service Center at 1-800-700-0057.

For an overview of what you need to do to start the retirement process, check out these resources:


The biggest concern most retirees have is whether they’ll have enough money to live on. Studies suggest you’ll need 80% to 90% of your preretirement income each year to keep the same standard of living as today. That amount will increase as the cost of living increases.

Do you know how much your PG&E-sponsored retiree medical coverage will cost—and how much your Retiree Medical Savings Account (RMSA) will pay toward premiums?

Download the monthly premiums for PG&E-sponsored retiree medical plans:

Do you know how much your Retiree Medical Savings Account (RMSA) may be worth when you retire?

There are two ways to see how much your RMSA is worth:

Current 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 myPlans Connect home page go to: 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.

Projected 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 myPlans Connect account.
  • Scroll to the bottom of the home page.
  • On the left under Tools, click on Retiree Medical Estimator Tool.

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

Do you know how much of your pension will be left after you pay for retiree medical coverage?

Your pension formula is built in to the pension estimator at PG&E PensionConnect. Log in to and click on Estimate My Pension Benefit.

Do you know how much your 401(k) may be worth when you retire?

Use Fidelity’s Investment Calculator by logging in to your NetBenefits account at

Want help managing your 401(k)? Income+ service

If you’re age 60 or older—or five years from retirement—you might be interested in the Professional Management Income+ service through Edelman Financial Engines. It offers:

  • A Retirement Checkup from an Income+ representative, who will review when you might be able to retire, your sources of income and your estimated expenses
  • Help preserving your 401(k) account by balancing growth and safety
  • Monthly payouts from your 401(k) that will last throughout your retirement*
    *The investments can’t be guaranteed due to market fluctuations, but you can be reasonably assured that Income+ will manage your account so you receive this monthly payout for life.

To use Income+, you must be enrolled in the fee-based Edelman Financial Engines Professional Management service and be at least age 60 or within five years of retirement.

For more information about retaining Edelman Financial Engines as your investment advisor—including fees for the Professional Management service, visit or call Fidelity at 1-877-743-4015. Representatives are available Monday–Friday except New York Stock Exchange holidays, 5:30 a.m.–9 p.m. Pacific time.


One of your most valuable resources will be a financial planner. A financial planner can help you develop your personal retirement plan. PG&E offers financial planning resources as part of the 401(k):

  • Fidelity Guidance Expert: 1-800-605-4015
  • Fidelity Investments: or financial planning tools
  • Edelman Financial Engines available through Fidelity: Personalized retirement evaluation, online advice and fee-based professional services: 1-877-401-5762

You can also hire your own financial advisor to help with all of your assets. Make sure they’re a good fit:

Questions to ask the planner Questions to ask yourself

What services do you provide?

How do you charge for your services—and how much?

What licenses, credentials or certifications do you have?

What types of clients do you specialize in?

Could I see a sample financial plan?

What is your investment approach?

Will I work only with you or with a team? How much contact will I have?

Did they ask me questions?

Were they interested in me?

Was I comfortable with them?

Do I trust them?

Can I afford them?

Do I like their approach?


PG&E offers a variety of retirement planning tools and resources:

Retiree Medical Estimator: Log in to your myPlans Connect account; then scroll to the bottom of the page and click on Tools > Retiree Medical Estimator Tool.

Pension Estimator: Log in to and click on Estimate My Pension Benefit.

Beneficiary Updates

Retirement Workshops through the Learning Academy:

  • CORE-9021VL: Complete your pension paperwork
  • CORE-9024VL: Retiree medical and other expenses
  • CORE-9025VL: Pension and other retirement income
  • CORE-9026VL: Readiness for retirement

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


EAP Retirement Readiness Resources

Ready to Retire?