Thinking About Retiring?
CRC Retiree Benefits Checklist
This guide provides a checklist for your reference in planning your retirement. Contact the People Resources Center (AskPRC@crc.com) or CRC Benefits (CRCBenefits@crc.com) with any specific questions.
Savings and Retirement Plans
Medical BenefitsGenerally, you are eligible for retiree medical benefits
the first of the month following your termination date, provided you are age 55
or older and have 10 or more years of CRC service (including at least 5 years
of post-acquisition service if your service includes credit for service with a
company or facility acquired by CRC). Other
eligibility requirements may apply if you terminate under the Notice and
Severance Pay Plan or other separation agreement. You may waive coverage, but if you do, you may not reenroll for coverage unless you have other coverage and lose eligibility for that coverage. You then may request to enroll within 31 days of loss of other coverage.
The CRC Retiree Medical Plan currently offers two options, Aetna POS and Kaiser HMO.
Your cost of coverage will be billed on a monthly basis by PayFlex (CRC's retiree medical billing administrator) and is a multiple of the Retiree Base Rate based on your age and service at retirement and your elected level of coverage, as shown below. Current year Retiree Base Rates are available at MyInfo.crc.com under Health, Life, and Disability.
Dental BenefitsGenerally, you are eligible for retiree dental benefits provided you are eligible for retiree medical coverage. If you are enrolled for dental coverage as an active employee you will also be eligible for COBRA dental continuation coverage for up to 18 months. Retirees pay the full cost of retiree dental coverage. COBRA dental rates may be more favorable than rates for retiree dental coverage. COBRA and Retiree Dental plan rates are available at MyInfo.crc.com under Health, Life, and Disability. Your cost of coverage will be billed on a monthly basis by PayFlex.You may waive retiree dental coverage, but if you do, you may not enroll for coverage unless you have other dental coverage and lose eligibility for that coverage. You may also enroll for the Retiree Dental Plan at the end of your COBRA dental continuation coverage. You must enroll within 31 days of loss of coverage.More information regarding your dental coverage options and the enrollment forms will be provided in your retirement packet.
Other CRC Benefits
Social Security and Medicare
Contact the Social Security Administration for information about your Social Security and Medicare benefits approximately 90 days before your retirement. Detailed information is available on their website www.ssa.gov.
MyInfo AccessAs a retiree, you will continue to have access to MyInfo. Your Employee ID remains the same as when you were an active employee. Please keep your contact information updated (address, phone and email). Log in to MyInfo.crc.com with your Employee ID and password and select Employee Self Service > Personal Information.
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The information provided in this document is based on CRC benefit plans in effect as of the publication date.
The company expects and intends to continue its benefit plans but does not guarantee any specific level of benefits or the continuation of any benefits during any periods of active employment, inactive employment, disability or retirement. Benefits are provided solely at the company's discretion and do not create any contract of employment.
The company reserves the right to modify, suspend or terminate any of its plans at any time. This information is applicable to eligible nonrepresented employees. Applicability to represented employees is governed by local collective bargaining agreements. Subject to this and future agreements, the company reserves the right to change, amend or terminate any benefit plan at any time.