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NEWS-PGE

PG&E Members: Review and update your pre-retirement beneficiaries

May 21, 2021

PG&E’s Pension Team is asking you to review and update your pre-retirement beneficiaries for the PG&E Retirement Plan–your PG&E pension.

Effective January 1, 2021, you may allocate different percentages of your pension benefit to multiple contingent (or ‘back-up’) pre-retirement beneficiaries. If you are not legally married and do not have a beneficiary on file, your pension benefit will be forfeited upon your death (Note, a domestic partner is not considered the same as a legally married spouse and therefore does not automatically receive your benefit unless designated as a beneficiary.). Reviewing your benefits and beneficiaries helps to ensure that PG&E’s records are up to date, giving you peace of mind knowing your hard-earned pension benefits go to the right person if the unexpected occurs.

Update your pre-retirement beneficiaries:

  • Using a PG&E computer within the network. Access PensionConnect via PG&E@Work For Me > About Me > My Retirement > PG&E PensionConnect to be automatically logged in to your account.
  • Or from a personal device, log in to your account at myPensionConnect.com. If logging in from a personal device for the first time, you will need to create a username and password.

After logging in to PensionConnect, click on the homepage tile Your Beneficiaries or on your name in the top right of the screen and select My Beneficiaries. Once on the designation page, name your primary and contingent beneficiaries and save your elections.

If you are married and elect a primary beneficiary other than your spouse, a Spousal Consent Form will be mailed to you (and is also included with this letter). The form must be signed, notarized and returned for your elections to be valid—even if you previously submitted a form.

If you have any questions or need help, Call PG&E’s Pension Service Center at 1-800-700-0057 from
7:30 a.m. to 5 p.m. PT, Monday–Friday.

REMINDER! Your beneficiary elections for pre-retirement pension, pension commencement, 401(k) and Life and Accident Insurance are all separate elections. Your beneficiary elections for one benefit won’t carry over to another benefit. Visit mypgebenefits.com for details.

 

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