Insurance Benefits For Retirees

A&B sponsors a health care and life insurance benefits program for its retired employees. If you retire from active service with A&B or one of its participating companies as a full-time salaried employee, you may be eligible to receive these benefits, which are provided through the Alexander & Baldwin, Inc. Retiree Health and Welfare Benefit Plan.

Your eligibility for these benefits will be determined based on a combination of your age and years of service. For example: If you retire at age 65, you must have completed at least 10 years of service with A&B to be eligible; in contrast, if you retire at age 55, you must have completed at least 30 years of service to be eligible.

Health Insurance Benefits

If you are eligible for the A&B Retiree Health and Welfare Benefit Plan, you will be offered one or more types of health care coverage from which to choose. The cost of this coverage which will be paid for by A&B will be based on your age and the number of years of service you have completed. You may also elect health care coverage for your spouse; however, you must pay the full cost of your spouse's coverage.

Life Insurance Benefits

If you are eligible for the A&B Retiree Health and Welfare Benefit Plan, you receive life insurance coverage at no cost to you. The amount of this coverage is based on either...

• Your base salary at the time you retire (or the amount of Employee Life Insurance coverage you had before you retired); or

• The number of years since you retired.

For More Information...

If you would like additional information regarding the A&B Retiree Health and Welfare Benefit Plan, contact your local Human Resources representative. If you retire and become eligible for the Plan, you will receive complete details at that time. Although A&B intends to continue this Plan, it reserves the right to change, amend or terminate the Plan at any time and for any reason.