Population: New or Prospective Non-Represented
Postretirement Supplemental Health Benefits Estimator
The Postretirement Supplemental Health Benefits Plan allows you to save money for medical expenses and health insurance premiums you'll incur during your retirement years. You can contribute between $50 and $5,000 to the account each year on an after-tax basis. Under current plan provisions, PSEG contributes $75 a year to your account if you have 25 years of service.
Please note: The $300 annual contribution and any interest will be forfeited if you leave the Company before reaching retirement age (age 55 and 5 years of service). This tool assumes a fixed interest rate based on an average interest rate of the last twelve months.
The account balance will earn interest tax-free. The total amount in your account at retirement is available to you and/or your spouse and dependents. The unused account balance upon your death is available for use by your surviving spouse and eligible dependents.
If you do not know your current account balance, see your most recent Total Compensation Statement or call 1-800-571-0400 and follow the voice recognition prompts to speak with a Benefits Express representative. Remember, even if you haven't been contributing, PSEG may have contributed to an account on your behalf.