Certain Baker Hughes Company Pension Plan (“Plan”) participants who no longer work for Baker Hughes are eligible for the Special Election Window, a one-time opportunity to receive your Plan benefit as a lump sum payment in late December 2024.

You have until November 25, 2024, to make your decision.

You have three options:

• Option 1 – Immediate Lump Sum Payment: You can elect to receive a lump sum payment, which will be mailed to you in late December 2024 and received in early January 2025.
• Option 2 – Immediate Annuity Payment: You can elect to receive monthly payments, which will begin in December 2024.
• Option 3 – Defer Payment Until Later: You can wait to receive your payment after you are age 55 and apply for your Plan benefit payments to begin.

You are encouraged to consult with a financial advisor and/or tax advisor as you consider which payment option is best for you.

The Special Election Window is voluntary. If you do not respond by the November 25, 2024, deadline, you will continue to be eligible for the payment options available to you under the terms of the Plan.

Review your election kit for information about your options.

If you change your mind before November 25, 2024, contact the Baker Hughes Pension Lump Sum Service Center at 866‑333‑7309 between 8 a.m. and 5 p.m. CT, Monday through Friday. You cannot change your election after November 25, 2024.

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