Thread regarding Occidental Petroleum Corp. layoffs

Pension(s) funding status

It was my understanding from HR (have it in email), that everyone in the pension plan would receive a package in their home mail in April 2020, that would provide current information on the plan(s) including how well they are funded today. I was told this is sent out every April each year to everyone currently in the plan.

I have not received that package. Has anyone received it, and if so how well % were the OXY/APC/KMG pension(s) funded. I believe they are required to be funded at least 80% for the Annuity’s and more for lump sum.

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| 4011 views | | 5 replies (last May 5, 2020) | Reply
Post ID: @OP+14MrjZGZ

5 replies (most recent on top)

What does the part about WES employees ceased to participate in plan imply?

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Post ID: @2jhl+14MrjZGZ

KMG plan funded at 91.39%. This is in line with prior 2 years of 90.28% and 91.24%.

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Post ID: @2qxz+14MrjZGZ

Received the pension funding notification in the mail today. It's dated 4/26.

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Post ID: @1eoh+14MrjZGZ

Some of The legacy APC do have a defined benefit.

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Post ID: @1cqq+14MrjZGZ

What pension plan? Oxy has no current pension plan.

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Post ID: @1jun+14MrjZGZ

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