Terms and Conditions

This website is for informational purposes only and is not intended to be a legal governing plan document. The benefits described in this website are provided under retirement plans sponsored by SABIC. SABIC reserves the right to amend these plans or terminate them at any time and from time to time, in accordance with their terms. These plans are complex and subject to many rules, requirements, and limits. The operations of the plans are governed by the official plan documents. To the extent that any information contained in this document or elsewhere, or any information you receive orally, is inconsistent with the official plan documents, the provisions set forth in the official plan documents will govern in all cases. Participants may request a copy of the official plan documents by contacting the Plan Administrator.

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Meeting Details

In-person Employee Meeting

Burkville, AL
February 28, 2019
  • 7:30 AM CT
  • 9:30 AM CT
Burkville, AL
March 1, 2019
  • 7:30 AM CT
  • 9:30 AM CT
Mount Vernon, IN
March 12, 2019
  • 7:00 AM CT
  • 8:30 AM CT
  • 11:00 AM CT
  • 3:00 PM CT


Houston, TX
March 14, 2019
  • 9:00 AM CT
  • 10:30 AM CT
  • 1:00 PM CT
  • 2:30 PM CT
Sugar Land, TX
March 15, 2019
  • 9:00 AM CT
  • 10:30 AM CT
  • 1:00 PM CT
  • 2:30 PM CT
Ottawa, IL
May 8, 2019
  • 8:00 AM CT
  • 11:30 AM CT
  • 2:00 PM CT


Ottawa, IL
May 9, 2019
  • 11:30 AM CT
  • 2:00 PM CT
  • 4:00 PM CT
Houston, TX
May 16, 2019
  • 9:00 AM CT
  • 10:30 AM CT
  • 1:00 PM CT
  • 2:30 PM CT
Sugar Land, TX
May 17, 2019
  • 9:00 AM CT
  • 10:30 AM CT
  • 1:00 PM CT
  • 2:30 PM CT

SABIC HR Days

Mount Vernon, IN
May 7, 2019
  • 7:00 AM – 4:00 PM CT
Burkville, AL
May 21, 2019
  • 11:00 AM – 1:00 PM CT
Pittsfield, MA
May 23, 2019
  • 9:30 AM – 12:00 PM ET

Virtual Sessions

February 28, 2019
  • 12:00 PM ET
March 15, 2019
  • 10:00 AM ET
March 18, 2019
  • 2:00 PM ET


March 28, 2019
  • 8:00 AM ET

Learn more about the retirement changes

Learn more about the retirement changes

Overview

Retirement Program Change Highlights

SABIC is proud to support employees with a comprehensive benefits program that promotes retirement security with smart, sustainable investments. To continue our strong commitment, we have made some changes to the retirement program. These changes allow for a simplified, market-competitive retirement program that gives you more control to manage to your retirement savings goals.

On January 1, 2020, all employees started participating in a consistent company match and contribution arrangement in the SABIC U.S. Employee Retirement Savings Plan (the “Retirement Savings Plan”). This contribution structure includes a 50% company match on your contributions, up to the first 8% you contribute, along with an automatic 5% contribution from SABIC that is made regardless of your participation level. In addition, for those employees eligible for the SABIC Innovative Plastics Pension Plan (the “Pension Plan”), benefits stopped accruing in that plan on December 31, 2019 – this is commonly known as a “plan freeze.”

If you were hired on or after January 1, 2014, you are already eligible for this contribution structure in the Retirement Savings Plan. Therefore these changes did not affect you.

Also on January 1, 2020, the coverage level in the SABIC Basic Retiree Life Insurance Plan became $15,000. Please note that this change impacting retiree life insurance only impacts the Retiree Life Plan for Legacy Core employees and current Core retirees.

Explore this website to learn more about the changes and the resources available to you.

Key Changes


On December 31, 2019, the Pension Plan froze, meaning this plan will remain in place but participants ceased accruing benefits as of that date.
On January 1, 2020, all employees started participating under the same contribution structure in the Retirement Savings Plan.
On January 1, 2020, you may have become eligible to receive Special Transition Credits for up to seven years.

Timeline

Late 2019
Carefully read the letter that was mailed to your home in early November and the information on this website
January 1, 2020
New retirement program provisions went into effect
April 2020
Check out your benefit statement that was mailed to your home
Late 2020
Check out your personalized retirement statement that will be mailed to your home

Timeline


Late 2019
Carefully read the letter that was mailed to your home in early November and the information on this website
January 1, 2020
New retirement program provisions went into effect.
April 2020
Check out your benefit statement that was mailed to your home
Late 2020
Check out your personalized retirement statement that will be mailed to your home

Questions?

Review the frequently asked questions or call the SABIC Benefits Service Center at 877-SABIC-US (877-722-4287) to speak with a representative. Representatives are available from 8:00 AM to 8:00 PM ET, Monday – Friday (excluding most New York Stock Exchange holidays).