Publications Details

NTESS Retirement Income Plan Summary Plan Description

Mitchell, Leah J.; Lee, Connie L.

National Technology & Engineering Solutions of Sandia LLC (NTESS) is pleased to sponsor for your benefit the NTESS Retirement Income Plan (RIP or Pension Plan), formerly known as the Sandia Corporation Retirement Income Plan, which is designed to provide a source of continuing income during retirement for covered employees. This Summary Plan Description (SPD) explains how to determine if you will be eligible for a benefit from the Pension Plan when you retire or terminate your employment. Under certain circumstances, reduced pension benefits can be continued to your Spouse or a contingent annuitant, following your death. This SPD includes the provisions of the RIP as of January 1, 2020. The pension benefits described in this SPD apply to Eligible Employees (as defined in Questions 1 and 2) who experience a Termination of Employment (as defined in Appendix A) with NTESS or another Affiliated Company (as defined in Appendix A) on or after this date. More detailed information is contained in the NTESS Retirement Income Plan document, which governs the operation of this Pension Plan. In the event there is or appears to be any discrepancy between the terms of the RIP document and this SPD, the terms of the RIP document control.