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

WHAT THIS MEANS TO ME

Click below on your legacy organization to learn more about your retirement income benefit from SABIC.


Your frozen SABIC Pension Plan accrued benefit as of December 31, 2019
+
Your vested Retirement Savings Plan balance including:
=
Your Total Retirement Income Benefit from SABIC

  1. Your Retirement Savings Plan balance as of January 1, 2020 as well as your ongoing contributions
  2. SABIC’s Contribution

    Matching contributions (up to 4% of eligible pay based on your contribution amount)

    ERCA contributions (5% of eligible pay)

    Special Transition Credits for up to seven (7) years
  3. Any investment earnings or losses

EXAMPLE

See what annual contributions in the Retirement Savings Plan could look like year over year under the new provisions. This example assumes eligible pay of $50,000 and an employee deferral of 8% each year, and does not include any investment earnings or losses.

Please note 2026 is the last year Special Transition Credits would be made. Starting in 2027, contributions to the Retirement Savings Plan would be comprised of your contributions, SABIC’s matching contributions, and the ERCA contribution (including any investment earnings or losses).

Year
Age1
Employee Contribution + Matching Contribution + ERCA Contribution + Special Transition Credit =
Total Percent
Total
Annual
Contribution
Year:2020 Age:52 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:9% = Total Percent:26% Total Annual Contribution:$13,000
Year:2021 Age:53 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:9% = Total Percent:26% Total Annual Contribution:$13,000
Year:2022 Age:54 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:9% = Total Percent:26% Total Annual Contribution:$13,000
Year:2023 Age:55 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:13% = Total Percent:30% Total Annual Contribution:$15,000
Year:2024 Age:56 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:13% = Total Percent:30% Total Annual Contribution:$15,000
Year:2025 Age:57 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:13% = Total Percent:30% Total Annual Contribution:$15,000
Year:2026 Age:58 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:13% = Total Percent:30% Total Annual Contribution:$15,000
Year:2027 Age:59 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:NA = Total Percent:17% Total Annual Contribution:$8,500
1Age as of January 1st of applicable year
2The Special Transition Credit is expressed as a percentage of eligible pay

Table above is for illustrative purposes
Your frozen SABIC Pension Plan accrued benefit as of December 31, 2019
+
Your vested Retirement Savings Plan balance including:
=
Your Total Retirement Income Benefit from SABIC

  1. Your Retirement Savings Plan balance as of January 1, 2020 as well as your ongoing contributions
  2. SABIC’s Contribution

    Matching contributions (up to 4% of eligible pay based on your contribution amount)

    ERCA contributions (5% of eligible pay)

    Special Transition Credits for up to seven (7) years
  3. Any investment earnings or losses

EXAMPLE

See what annual contributions in the Retirement Savings Plan could look like year over year under the new provisions. This example assumes eligible pay of $50,000 and an employee deferral of 8% each year, and does not include any investment earnings or losses.

Please note 2026 is the last year Special Transition Credits would be made. Starting in 2027, contributions to the Retirement Savings Plan would be comprised of your contributions, SABIC’s matching contributions, and the ERCA contribution (including any investment earnings or losses).

Year
Age1
Employee Contribution + Matching Contribution + ERCA Contribution + Special Transition Credit2 =
Total Percent
Total
Annual
Contribution
Year:2020 Age:45 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit2:2% = Total Percent:19% Total Annual Contribution:$9,500
Year:2021 Age:46 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit2:2% = Total Percent:19% Total Annual Contribution:$9,500
Year:2022 Age:47 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit2:2% = Total Percent:19% Total Annual Contribution:$9,500
Year:2023 Age:48 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit2:2% = Total Percent:19% Total Annual Contribution:$9,500
Year:2024 Age:49 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit2:2% = Total Percent:19% Total Annual Contribution:$9,500
Year:2025 Age:50 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit5:5% = Total Percent:22% Total Annual Contribution:$11,000
Year:2026 Age:51 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit2:5% = Total Percent:22% Total Annual Contribution:$11,000
Year:2027 Age:52 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit2:N/A = Total Percent:17% Total Annual Contribution:$8,500
1Age as of January 1st of applicable year
2The Special Transition Credit is expressed as a percentage of eligible pay

Table above is for illustrative purposes
Your vested Retirement Savings Plan balance as of December 31, 2019
+
Your vested Retirement Savings Plan balance including:
=
Your Total Retirement Income Benefit from SABIC

  1. Your ongoing contributions
  2. SABIC’s Contribution

    Matching contributions (up to 4% of eligible pay based on your contribution amount)

    ERCA contributions (5% of eligible pay)

    Special Transition Credits for up to seven (7) years
  3. Any investment earnings or losses

EXAMPLE

See what annual contributions in the Retirement Savings Plan could look like year over year under the new provisions. This example assumes eligible pay of $50,000 and an employee deferral of 8% each year, and does not include any investment earnings or losses.

Please note 2026 is the last year Special Transition Credits would be made. Starting in 2027, contributions to the Retirement Savings Plan would be comprised of your contributions, SABIC’s matching contributions, and the ERCA contribution (including any investment earnings or losses).

Year
Age1
Employee Contribution + Matching Contribution + ERCA Contribution + Special Transition Credit2 =
Total Percent
Total
Annual
Contribution
Year:2020 Age:52 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit3:3% = Total Percent:20% Total Annual Contribution:$10,000
Year:2021 Age:53 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit3:3% = Total Percent:20% Total Annual Contribution:$10,000
Year:2022 Age:54 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit3:3% = Total Percent:20% Total Annual Contribution:$10,000
Year:2023 Age:55 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit32:3% = Total Percent:20% Total Annual Contribution:$10,000
Year:2024 Age:56 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit3:3% = Total Percent:20% Total Annual Contribution:$10,000
Year:2025 Age:57 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit3:3% = Total Percent:20% Total Annual Contribution:$10,000
Year:2026 Age:58 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit3:3% = Total Percent:20% Total Annual Contribution:$10,000
Year:2027 Age:59 Employee Contribution:8% + Matching Contribution:4% + ERCA Contribution:5% + Special Transition Credit:N/A = Total Percent:17% Total Annual Contribution:$8,500
1Age as of January 1st of applicable year
2The Special Transition Credit is expressed as a percentage of eligible pay

Table above is for illustrative purposes
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 and you are not eligible for any Special Transition Credits.

Additional Information

For additional information, review the frequently asked questions under the Retirement Savings Plan section.