The Retirement Plan is designed to help provide you with financial security during retirement.
The Retirement Plan (formerly called the Personal Retirement Account, PRA) is funded entirely by Oxy. Your participation automatically begins on your hire date. Following is a high-level summary of the Retirement Plan. For details, refer to the
summary plan description. Voya Financial is the recordkeeper for the Retirement Plan.
Note: Retirement contributions will be credited to the Supplemental Retirement Plan instead of the Retirement Plan if your annual base pay during the year exceeds the annual threshhold amount ($150,000 in 2017).
You have several options for accessing your account:
Certain IRS limits may reduce the annual amounts Oxy may contribute to your Retirement Plan and 401(k) Plan. If Oxy's contributions to the Retirement Plan or 401(k) Plan are limited by these governmental caps, Oxy will make contributions to the nonqualified Supplemental Retirement Plan (SRP). The SRP (formerly called the Supplemental Retirement Plan II or SRPII) is entirely paid by Oxy.
Following is a high-level overview of the plan. For details, see the SRP Highlights on
oxy.voya.com. Voya Financial is the SRP recordkeeper.
You are eligible to participate if you fall into one or more of the following categories:
tools & resources
Complete your Retirement and SRP beneficiary designations on
Qualified Domestic Relations Orders (QDRO) related to Oxy’s Retirement plans should be submitted to:
Oxy QDRO Administration P.O. Box 24425 Jacksonville, FL 32241-4425
For more information about QDROs, see the
Retirement Plan Summary Plan Description or call