Retirement Home

Not Even Close to Retiring?

Does retirement seem like a million years away? Now is when you have the most control over when—and how comfortably—you can retire. The better you understand how much your retirement will cost, the better you can plan to have enough income in retirement.

How much will retiree medical coverage cost?

Every year, costs go up. Download the monthly premiums for PG&E-sponsored retiree medical plans to see current costs and how the Retiree Medical Savings Account (RMSA) helps pay for those costs:

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.

  1. Log in to your myPlans Connect account.
  2. Scroll to the bottom of the home page.
  3. 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

Too much information?

Okay. You basically need to know that you’ll need a lot of money to retire comfortably. 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.

How can you save enough for retirement without giving up the basic comforts you rely on day to day? Start by taking advantage of all the freebies you can get. The best deal is the 401(k). Did you know that when you contribute to your 401(k), PG&E makes a matching contribution? The company match is like free money—money you’re not taxed on until you withdraw it.

PG&E also provides a pension—something few employers do anymore. Your pension is completely company-paid. You pay nothing for it. And PG&E helps pay for retiree medical coverage in the form of the Retiree Medical Savings Account (RMSA). Bottom line? The longer you work for PG&E, the bigger your pension and RMSA.

Retirement planning resources

Small steps today can lead to a big payoff at retirement. Take advantage of PG&E’s retirement planning resources to see how much money you might need in retirement—and how to save it while you’re employed.

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.

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 Center at 1-800-700-0057.


Ready to Retire?

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

For details about PG&E’s pension, retiree medical and postretirement life insurance benefits, download these guides: