Index

About Pension

Participation, Vesting and Cost

Pension Plan Basics

Receiving Your Pension Benefit

Payment Options

Death Benefits

Administrative and ERISA Information

Key Terms

Retiring From ExxonMobil

Q. Are there advantages if I retire from the company?

A. Yes. While you are eligible for a pension benefit after becoming vested, your benefit may be enhanced in a number of ways if you leave employment as a retiree.

Retirement Eligibility

To become a retiree, you must first complete 15 years of benefit service, and then leave the company as a regular employee after:

• Attaining age 55; or
• Becoming entitled to long-term disability benefits under the ExxonMobil Disability Plan or the Long-Term Disability Benefits Program of Esso Standard Oil Company (Puerto Rico).

For age and service examples, employees can refer to Retirement Eligibility from the Pension Plan section on ExxonMobil Me, the Human Resources Intranet Site that can be accessed at work by employees. Employees who terminate while non-regular (including extended part-time employees) are not eligible for retiree status regardless of age or service.

If you retire from the company, you have up to four advantages that are not available to non-retirees:

• Your benefit is not reduced as much if you begin receiving it early (see page 9).
• You have additional payment options, including a lump sum (see page 12).
• Your Social Security offset may be less (see page 7).
• You may be eligible to receive a Pre-Social Security Pension (see page 10).