Effective January 1, 2020

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:

  • If you retire on or after January 1, 2020, you must be at least 60 years of age and have at least 10 years of continuous service plus be enrolled in a Baker Hughes–sponsored eligible medical plan for active employee at the time of your retirement to be eligible to participate in the Retiree Plan.
  • Unless you retire and enroll in a Baker Hughes Pre-65 retiree medical plan or a Medicare supplemental and/or prescription drug plan available through Via Benefits prior to January 1, 2020, your RMA balance, if any, will be forfeited.

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

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 Questions

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.

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