Sunset Pension

PLEASE NOTE: This information is intended for sunset participants who are standard participants* in the Caterpillar Inc. Retirement Income Plan (RIP) and describes the Plan provisions as it applies to those participants only. Different provisions apply to other participant groups, and this information is not intended to address those variations.

In 2010, Caterpillar announced the transition of primary retirement income benefit offerings from a defined benefit (pension) plan to a defined contribution (401(k)) plan. At that time, benefit accruals under the Caterpillar Inc. Retirement Income Plan were frozen for many employees, but those who met certain criteria were designated as “sunset participants” and provided an extended transition period.

As a reminder, benefit accruals for sunset participants will freeze after Dec. 31, 2019. Starting Jan. 1, 2020, they become eligible for enhancements to the 401(k) plan. As those dates draw nearer, we want to provide you with information on what to expect and help you understand how the changes will impact you.


SUNSET PENSION WEBINAR: We are hosting quarterly webinars to explain the changes and answer questions you may have. The most recent webinar took place in July 2019. Stay tuned for details on the next quarterly webinar. ***Please note each webinar is a repeat of the previous quarterly webinars and will present the exact same information.***

RETIREE HEALTHCARE BENEFITS WEBINAR: Additionally, due to popular demand, the Caterpillar Total Rewards team hosted a webinar on retiree heatlhcare benefits in August 2019. CLICK HERE to see the slides - CWS login required.


Visit the Caterpillar Benefits Center's UPoint website at (CLICK HERE for single sign-on with your CWS ID) for:

  • Summary Plan Descriptions
  • An easy-to-use modeling tool to see how your pension benefit fits into your retirement income strategy
  • 401(k) account information, contribution elections and other transactions
  • 401(k) fund fact sheets
  • Online advice and professional management information
  • A variety of other financial education resources
  • August 2018: Quarterly webinars began (schedule will be updated each quarter)
  • December 2018: Quarterly webinar held
  • April 2019: Quarterly webinar held
  • July 2019: Quarterly webinar held
  • November 2019: 204(h) notice sent
  • December 2019: Quarterly webinar held
  • January 1, 2020: Benefit accruals are frozen; 401(k) enhancements begin
  • April 2020: Accrued Pension Benefits statement sent

Call the Caterpillar Benefits Center at 1-877-228-4010 (Monday-Friday, 8 a.m.-6 p.m. Central time).


Below are presentation videos that give overviews of the pension benefit and changes and enhancements to sunset participants' 401(k) plan. (Videos are housed on Video@Work and require CWS login.)

CLICK HERE FOR VIDEO: Retirement Income Plan Overview for Sunset Participants
Retirement Income Plan Overview for Sunset Participants
CLICK HERE FOR VIDEO: 401(k) Overview for Sunset Participants
401(k) Overview for Sunset Participants


*At facilities defined by Supplement J to the Plan. Contact the Caterpillar Benefits Center to inquire about your participation.

If the content of this communication or any representations made by any person regarding Caterpillar’s employee benefit plans and programs conflict with or are inconsistent with the provisions of the governing documents, the provisions of the plan documents are controlling. To the fullest extent permitted by law, Caterpillar has reserved the right to amend, modify, suspend, replace or terminate any of its plans, policies or programs, in whole or in part, at any time and for any reason, by appropriate company action.