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Annual Enrollment for 2023 Benefits is October 26 – November 15, 2022

2022 BENEFITS
2022 BENEFITS

Retiring

Approaching retirement is a big deal! Whether you’re planning to shift into low gear or rev up for new adventures, it’s an exciting time in life — and a time to make some important decisions.

Decisions to make

  • When and how will you receive a distribution from your 401(k) Plan account?
  • When will you begin receiving Social Security benefits?
  • If eligible for Medicare, will you purchase a supplemental plan?
  • Will you elect to continue any of your Tenneco benefits that allow continuation after retirement? (see chart below)

Tenneco Benefit

What Happens When Your Retire

Medical

Coverage ends on your last day worked.

  • You may elect to continue coverage under COBRA at your own cost, or
  • If you are age 65 and older, contact Via Benefits at 1-855-220-1567 for additional options.

HSA

Your account will remain open in your name unless you close or transfer it. The balance in your HSA is yours to keep and use for future eligible health care expenses.

Dental

Coverage ends on your last day worked. You may elect to continue coverage under COBRA at your own cost.

Vision

Coverage ends on your last day worked. You may elect to continue coverage under COBRA at your own cost.

FSAs

Coverage ends on your last day worked.

Life and AD&D

Coverage ends on the date your employment ends. Basic and Dependent Life are eligible for conversion. Supplemental Life can be converted or ported.

401(k) Plan

Your payroll contributions and Tenneco’s contributions stop.

Optional Benefits

Coverage ends on the date your employment ends but can be continued post-employment.

EAP

Coverage continues until visits are exhausted or your COBRA period ends.

Contacts

401(k) Plan | Clean Air and Powertrain

T. Rowe Price
800-922-9945

401(k) Plan | Motorparts and Performance Solutions

Fidelity
866-612-4588

Social Security

ssa.gov

Talk with an expert.

Decisions about Social Security and your 401(k) Plan account can affect your financial well-being for years to come. Before making these decisions, it’s smart to talk with a financial/retirement planning expert. Consult your tax advisor about the tax consequences of your decisions.