As a Chevron employee, your retirement benefits are among the most valuable parts of your financial future — but also some of the most complex. Between the ESIP, LTIPs, RPP, BrokerageLink®, pensions, retiree medical, and the Rule of 55, you’re faced with choices that can significantly impact your lifestyle in retirement.
Our team specializes in helping Chevron employees and retirees simplify decisions, optimize benefits, and build confidence in their long-term financial plan.
Retiring before 59½? You may have options to access your Chevron retirement funds penalty-free.
We’ll guide you through which strategy (if either) fits your retirement timeline.
| Common Questions | 72(t) | Rule of 55 |
| Will this option avoid the 10% early distribution penalty? | Yes. Under the condition you do not break your series of predetermined periodic payments. | Yes. You must retire in the year in which you turn 55 or later. |
| Can I increase or decrease my income? | No. Receiving income that differs from your 72(t) calculation will result in a retroactive 10% penalty on every distribution you have taken to date. | Yes. You can change your income amount as often as your income needs change. |
| Will I have access to these funds if I have an emergency? | No. The income schedule determined at the inception of 72(t) will be your income for at least 5 years. | Yes. In addition to your monthly distribution, the rule of 55 offers the flexibility to take an additional distribution every month. |
Healthcare costs are one of the largest expenses in retirement. Chevron’s retiree medical program can be a valuable bridge, but it’s important to understand:
Our advisors can help you integrate this benefit into a sustainable, long-term healthcare strategy.
Whether you’re a few years from retirement or already evaluating your pension options, we’re here to help you make the most of your Chevron benefits.
