Pension Plan


Eligibility and Enrolling	Generally, you are eligible to begin participating if: you are at least 21 years old, and you have at least one year of continuous service, and you are an active employee working in the United States or an active U.S. employee temporarily working abroad. Once you meet eligibility requirements, you are automatically enrolled.
The Amount of Your Benefit	Your Pension Plan benefit is based on your annual eligible pay. You accrue a benefit equal to 1% of your eligible pay for each year you participate in the plan.
When Your Benefits Are Vested	You are vested when: you complete five years of continuous service, or you reach age 65, regardless of your years of service.
When You Can Retire and Receive Benefits	Your normal retirement date is the last day of the month in which you reach age 65. You may retire early if you are age 55 and have completed at least 10 years of continuous service.
How Your Benefit Is Paid	You choose how your retirement benefit is paid to you. Your options include the following: Single Life Annuity Joint and Survivor Annuity Term Certain and Life Annuity
If You Leave Before Retirement	If you are vested in the plan when your employment ends, you are eligible to receive your Pension Plan benefits when you reach your normal retirement age, age 65. If you become disabled and are receiving long-term disability benefits, you continue to earn Pension Plan benefits as long as you are receiving long-term disability benefits from the Corporation's Long-Term Disability Plan. You do not earn Pension Plan benefits during your service with a non-participating subsidiary. Your spouse or your named beneficiary is eligible to receive Pension Plan benefits after your death if you are vested in the plan when you die.
If You Participated Before July 1, 1986	You or your beneficiary will always receive a benefit that is at least equal to the contributions you made to the plan before July 1, 1986, plus interest. You may be eligible for a transition benefit.
When You're Ready to Retire	When you're ready to retire: notify the Retirement Center of the McGraw-Hill Companies at 1-866-477-6820 or start the process at Your Benefits Resources web site 45 - 90 days before the date you plan to retire, choose how you want your benefits to be paid to you, and if you've elected a payment option other than the Single Life Annuity, name a joint annuitant or beneficiary to receive benefits if you die.