Eligibility requirements for retiree health benefits under the Retiree Plan and the Retiree HRA are changing effective January 1, 2020. Please see the changes below:
In addition, the annual interest credit for the RMA will be reduced from 5% to 2%. The 2% interest rate will first apply to your RMA balance, if any, as of January 1, 2020.
When you retire, you will be informed of any benefits available to you. You may view your current RMA balance by accessing your account here.
If you have any questions regarding your RMA or HRA, read the FAQs or contact the Baker Hughes Benefits Center at 1-866-244-3539.
Baker Hughes reserves the right to amend or terminate its benefit plans, including the Retiree Plan, the RMA, and the Retiree HRA, at any time and for any reason, in its sole discretion. If a provision described in this letter differs from the provisions of the applicable official plan document, the applicable plan document prevails.