BWXT Y•12 - A BWXT/Bechtel Enterprise
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Pension Plan
The Pension Plan helps build financial security and provides you with a dependable source of income throughout your retirement years, based on your earnings and length of service with the Company.

Highlights

The Pension Plan …

…Provides You With Flexibility in Planning Your Retirement
You can retire with a full pension benefit at age 65 or over.  You can also receive a full pension benefit when you retire at age 62 or older if you have at least 10 years of Company Service, or when your age and years of Company Service equal 85 or more.  You can receive a reduced benefit as early as age 50 if you have at least 10 years of Company Service.

…Lets You Choose from a Variety of Payment Forms
There are several payment forms to choose from, including life annuity and survivor benefit options.  If you are married, you will be paid in a 50% joint and survivor benefit, unless you have your spouse’s written consent to elect another payment form.

…Offers Financial Security to Your Family in Case of Your Death
If you should die while you are still working, the pension plan will pay a survivor benefit if you have at least five years of Company Service.

What happens to your benefits when ...
For more information about what happens to your pension benefits when certain changes or events occur, see “How Changes Affect Your Benefits” in the “About Your Benefits” section.