Baker Hughes has decided to terminate the Baker Hughes Company Pension Plan (the “Plan”) and transition responsibility for paying Plan benefits to a qualified insurance carrier. This change will have no impact on your earned benefits and no action is required of you at this time.
You will have an opportunity to take your benefit in a lump sum payment as part of the termination. We expect this opportunity to take place in the Spring or Summer of 2026. If desired, you will be able to roll over your payment into the Baker Hughes Company 401(k) Plan or to an Individual Retirement Account (IRA) of your choice.
Beginning April 8, contact the Baker Hughes Pension Lump Sum Service Center at 1-844-940-2038 between 8 a.m. and 5 p.m. CT, Monday through Friday.