The Lubrizol Corporation Pension Plan (Salary Plan) was merged
into the Berkshire Hathaway Consolidated Pension Plan (the “BHCPP”) on December
31, 2018.
The Salary Plan was available to employees hired on or before
December 31, 2009.
Effective December 31st, 2021, the Salary Plan
provision in the BHCPP was frozen.
The Salary Plan will remain in place, with all vested benefits
earned through December 31, 2021, fully available to you when you retire. New
benefits will not be earned after that date — which means that pay and
service after December 31, 2021 will not count for determining your benefits
under this plan. You will not lose any pension benefits earned prior to December
31, 2021, and certain terms and conditions you are familiar with (like the
early retirement discount) will stay in effect. A description of the current plan
benefit formula(s) may be viewed in the Pension Plan SPD (link to the right).
For more information contact the Berkshire Hathaway Pension
Service Center at 1-877-459-2403. The service center is open from 9 am to
6 pm ET, Monday through Friday (excluding major holidays.)
