Review:
Get familiar with the special benefit election window
As previously announced, if you are a participant in one of the following plans, you now have the opportunity to choose how and when to receive your pension benefit due to the Plan terminations:
- Dow Employees' Pension Plan (Personal Pension Account)
- Union Carbide Employees' Pension Plan (Personal Pension Account)
- Union Carbide Employees' Cash Balance Plan
- Dow Employees' Cash Balance Plan
During the special benefit election window that runs through August 29, 2025, you have the opportunity to begin receiving your pension benefit even if you are still actively employed. Here is what you need to do to make the best choice for you:
Read this guide
It provides an overview of your payment options and factors to consider when making your decision. The Special Benefit Election Overview is a good place to start as an overview of your payment options and other important factors you may want to consider when making your decision.
Review your Election Kit
It includes your personalized payment options, other helpful information and forms to fill out to receive your benefit. It was sent via mail to your home and is also available online through the Dow U.S. Benefits Site (along with past communications and legal notices).
Learn more
Watch a replay of the education session through the registration site to learn more about your choices, including some tax and financial implications, as well as other key considerations.
Seek professional advice
Consider consulting with a tax and/or financial advisor to determine what option is best for you.
For questions related to tax and financial implications, call PwC at (833) 566-2976. As part of the special benefit election window, Dow is providing access to this one-on-one support — all at no cost to you. Support is confidential and unbiased and coaches are not acting on behalf of Dow.
Make your choice by the deadline
Submit your election by August 29, 2025, completing the necessary steps required for the option you want to elect. Depending on your pension balance, you may be able to choose from:
Timeline
On July 15, Dow announced the special benefit election window and mailed personalized Election Kits to eligible participants. Take some time now to carefully review this guide, your Election Kit and other resources from Dow before making your decision. Here are key upcoming dates to remember.
August 29, 2025
Deadline to take action if you want a lump sum payment or immediate monthly annuity payment.
October 2025
The month you will receive your lump sum payment or start your immediate monthly annuity payment (if you complete an election).
By early 2026
Responsibility for administering benefits transfers to an insurance company (watch for more information).
August 29, 2025
Deadline to take action if you want a lump sum payment or immediate monthly annuity payment.
October 2025
The month you will receive your lump sum payment or start your immediate monthly annuity benefit (if you made an election).
By early 2026
Responsibility for administering benefits transfers to an insurance company (watch for more information).
If your balance is greater than $7,000
You need to take action by August 29, 2025, if you want to elect one of these options:
- Option 1 – Lump Sum Payment: Submit your election via mail or the Document Exchange Platform.
- Option 2 – Immediate Monthly Annuity Payment: Call the Dow PPA Pension Plans Transition Service Center at (855) 286-7207 to request an annuity election kit.
Remember that Option 3 – Defer Payment Until Later is also available (with no action required) and will be the default election in case of no response during the window.
If your balance is $7,000 or less
You are required to take your benefit as Option 1 – Lump Sum Payment, with options for how to receive it.
If you do not return your completed election kit on or before August 29, 2025, your benefit will transfer to the Pension Benefit Guaranty Corporation (PBGC) sometime after October 2025, taking around six to twelve months for the transition of your information into their system. Once your account has been established, the PBGC will contact you via a letter explaining how to collect your benefit. After that time, you can contact the PBGC to begin the payment process. Note: You will not be able to collect your benefit during the transition period.
Questions?
Review this list of frequently asked questions and answers (FAQs). If you still have questions about the special benefit election window, please call the Dow PPA Pension Plans Transition Service Center at (855) 286-7207 Monday through Friday. 8:00 a.m. and 5:00 p.m. CT.
For questions related to tax and financial implications, call PwC at (833) 566-2976. As part of the special benefit election window, Dow is providing access to this one-on-one support — all at no cost to you. Support is confidential and unbiased and coaches are not acting on behalf of Dow.