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Population: New or Prospective Non-Represented

What If...

You Leave PSEG?

You�ll have a lot to keep track of during this transition. Use this checklist to help you keep track of important benefit changes you may want to make. Simply print the list below and check off an item as you accomplish it.

For more information on a benefit, click on the name of the benefit or visit Benefit Details.

About Your Benefit Changes

Call 1-800-571-0400 and follow the voice recognition prompts to speak with a Benefits Express representative and/or to speak to a carrier directly.

Medical and Dental	Coverage ends on the last day of the month in which you leave the Company. If your termination date is the first of the month, coverage ends on the last day of the previous month. You can continue coverage under COBRA for up to 18 months. Shortly after your coverage terminates, you'll receive information from the COBRA administrator. You'll have 60 days from the date you receive this information to sign up for coverage. Coverage and premiums will be retroactive to when your coverage ended. See COBRA rates for Non-represented employees of PSE&G, PSEG Power, and PSEG Services Corporation hired on or after 1/1/96; non-represented employees of PSEG Energy Holdings and its subsidiary companies hired on or after 1/1/97; non-represented employees of PSEG Power NY hired after 5/1/00; and non-represented employees of PSEG Power CT hired after 12/6/02.
Group Term Life Insurance Program	Coverage ends on your last day of active employment with the Company. You have 30 days to contact the carrier to convert your coverage to an individual policy. You'll receive more information from Benefits Express on converting your coverage. You can also contact MetLife at 1-877-275-6387 for more information on your conversion option.
Long Term Disability	Coverage ends on the last day of the month in which you leave the Company. If your termination date is the first of the month, coverage ends on the last day of the previous month. To continue your coverage, you must call 1-800-571-0400 and follow the voice recognition prompts to speak with a Benefits Express representative and request a conversion application. You have 30 days to convert your coverage to an individual.
Long Term Care	Coverage ends on the last day of the month in which you leave the Company. If your termination date is the first of the month, coverage ends on the last day of the previous month. When group coverage ends, you'll receive a bill from the Long Term Care carrier. If you don't pay the bill, your coverage will be cancelled.
Group Legal Plan	Coverage ends on the last day of the month in which you leave the Company. If your termination date is the first of the month, coverage ends on the last day of the previous month. To continue your coverage, you must call 1-800-571-0400 and follow the voice recognition prompts to connect to the group legal carrier to request a conversion application. You have 30 days to convert your coverage to an individual policy.
Group Universal Life/Group Variable Universal Life Insurance (GUL/GVUL)	Upon notification of your separation from the Company, you will be sent information from MetLife regarding your options to continue coverage. You can also contact MetLife directly at 1-800-438-6388 if you wish.
Reimbursement Account Programs—Health Care and/or Dependent Day Care	Health Care Reimbursement Account: You can continue your contributions on an after-tax basis through COBRA until the end of the year in which you leave the Company. You'll receive a letter from the Plan Administrator with instructions on how to continue participation. You have until June 30 of the following year to submit for expenses incurred while you were contributing. Dependent Day Care Reimbursement Account: Your account is closed as of the last day of the month in which you terminate employment. Your participation cannot be continued. You have until June 30 of the following year to submit expenses incurred while you were contributing.
Postretirement Supplemental Health Benefits Plan	You'll receive information from Benefits Express each year that you have an account balance. You can choose to use your account balance to pay for health care premiums and/or to pay for eligible health care expenses not reimbursed by another plan. There is no time limit within which you must use your account balance.
Thrift Plan	You'll receive information from Benefits Express outlining your payment options. Choose what to do with your account balance: Leave your balance invested in the Thrift Plan (you cannot make any additional contributions) and elect partial distributions of your account at any time. Elect partial distributions at any time. Receive your balance in a lump-sum cash payment. Transfer your balance into another employer's qualified plan. Transfer your balance into an Individual Retirement Account (IRA). Note: If your account balance is less than $1,000 when you leave PSEG, you will receive an automatic lump-sum distribution of your account balance.
Property and Casualty Insurance	Convert your coverage to an individual policy with the group discount staying in effect until the end of the current policy term. When the policy ends, you can continue coverage at individual rates. When you terminate, you'll receive information and a bill from the carrier. If you don't pay the bill, your coverage automatically will be cancelled.
Cash Balance Pension Plan	You'll receive information from Benefits Express outlining your payment options. If you're at least age 65 or have at least 5 years of service or are approved for LTD benefits, your account is portable and you must choose how to receive your balance: As a lump-sum cash distribution of the vested amount. The amount can be rolled over into another employer's qualified plan or an Individual Retirement Account (IRA). Begin receiving your balance as an annuity. Receive 50% of your balance as a lump sum and begin receiving the remainder of your balance as an annuity. Note: You will receive an automatic lump-sum distribution of your benefit if the total value of your pension benefit is less than $1,000 at the time you terminate employment. There is no benefit reduction for early retirement. If you're under age 65 and/or have less than 5 years of service and/or have not been approved for LTD, you forfeit your account value, including any amount directed from your Cash Balance account into the Thrift Plan.