Know which pension formula applies to you.
If you were hired before January 1, 2017, your pension benefit is based on the traditional final average pay formula (Traditional Formula).
If you were hired on or after January 1, 2017, your pension benefit is based on the Cash Accumulation Formula.
If you worked for Hess before January 1, 2017, terminated employment and were rehired on or after January 1, 2017, you may have benefits under both the Traditional Formula and the Cash Accumulation Formula.
If you are a higher income earner, you may also participate in the Pension Restoration Plan.