Overview

Excluding employees of MTA, MIT, MGDS and employees of MIL hired after 12/31/2005

The A&B Retirement Plan for Salaried Employees (the "Retirement Plan") is designed to help provide you and your family with a reliable source of future income. The Retirement Plan generally pays a benefit to you when you retire from A&B or any of its participating companies*. 

A&B pays the full cost of the Retirement Plan.

You earn a Retirement Plan benefit in the form of Pay and Interest Credits, which are applied to your Cash Balance Account. This section of your Handbook describes these Credits, and the other provisions of the Retirement Plan.

Note that the Retirement Plan described here applies to salaried, non-bargaining employees hired or rehired by A&B or any of its participating companies on or after January 1, 2008. It also applies to salaried, non-bargaining employees who transfer on or after January 1, 2008 from an employee group (either of A&B or of any participating company) that was not covered by the Retirement Plan to an employee group that is covered by the Retirement Plan.