In December 2020, JTC Employer Solutions acquired RBC cees Limited. The acquisition is complete and the business has been rebranded to JTC Employer Solutions. JTC has worked extensively to ensure a seamless integration of the business with minimal disruption to you. Note that the login link to ES Online (formerly CEES Online) has been changed.
To access your account, visit the JTC website or call +44 (0) 1534 702 999. Please refer to the Summary Plan Description (SPD) for additional details. You can also send an email to IRP@bakerhughes.com or JTCESHelpdesk@jtcgroup.com.
You are eligible to participate in the IRP if you are:
*If you change Baker Hughes entities, or if your citizenship changes, you may become ineligible for the plan.
You may contribute between 1% and 50% of your eligible pay into your International Retirement Plan account each pay period. Eligible Pay includes your regular base pay, overtime pay, shift differentials, commissions and eligible bonuses paid during the year. Eligible bonuses include variable pay for services rendered, such as bonuses paid under incentive compensation plans.
You may change the amount you contribute at any time by going to the JTC website. The change will take effect from the pay period following your election or as soon as administratively feasible.
The company helps you save for your future by making the following contributions:
If you participated in a previous employer’s retirement plan, you will not be able to roll over any funds into the IRP. Also, if you remain active with Baker Hughes, but move to an IRP-ineligible company code, you will not be able to roll over your IRP account into another Baker Hughes retirement plan.
While the purpose of the IRP is to meet long-term financial and retirement goals, the IRP does offer in-service withdrawals. For details, see the Summary Plan Description (SPD), visit the JTC website.
When you retire or terminate employment with the Company, you may request a lump sum distribution of your account balance. JTC Employer Solutions, the plan administrator, will typically pay distributions as soon as administratively possible. However, the plan administrative committee reserves the right to defer the payment date of any distribution. Distributions are paid in your currency of choice, provided it is one supported by JTC Employer Solutions.
To be eligible for a distribution, your employment from Baker Hughes and each of its affiliates must be in a terminated status. You are not eligible for a distribution while you are still employed with Baker Hughes. After your termination has been processed by Baker Hughes, your termination date will be sent to JTC Employer Solutions. This can take up to two weeks. Once this process is complete, you will be eligible to begin the withdrawal process with JTC. To assist this process, make sure both Baker Hughes and JTC Employer Solutions have your current personal email address and contact information. This will ensure you can be contacted after your termination.
Log on to the website at jtcgroup.com/ESOnline/ to request a retirement and leaving service distribution. Please note your terminated status and termination date must be updated with JTC Employer Solutions to request a retirement and leaving service distribution. If your status is not updated, your request to withdraw your funds will not be approved. If your status requires an update with JTC Employer Solutions, and it has been more than two weeks after your termination, email IRP@bakerhughes.com for assistance.
If you have additional questions, contact JTC Employer Solutions.
You decide how to invest your contributions and the Baker Hughes Company contributions in one or more of the IRP’s investment funds. When making these decisions, you should consider your attitude toward risk, how much time you have until you retire, and your financial objectives. Information on the investment options available to you may be found by accessing the Investment Information page in the Useful Information section of the JTC website.
It is important to note that taxes are not withheld from distributions from the plan. The money you receive from your account may be subject to tax. You are responsible for reporting and paying any tax on your IRP benefit. If you have tax questions, you are responsible for seeking advice from a qualified tax professional.
DISCLAIMER
This site describes the Baker Hughes International Retirement Plan. The information presented is only a summary. The actual eligibility requirements, benefits, terms, conditions, limitations and provisions that govern the plan are contained in the official plan document. If any of the plan’s provisions have been omitted or misstated, the official plan document must remain the final authority.