ge employee layoff benefits package

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Page 1 of 2 GE Appliances – September 9, 2013 GE Appliances HOURLY PRODUCTION EMPLOYEE LAYOFF BENEFITS PACKAGE GE HEALTH AND DISABILITY BENEFITS GE Health Benefits Coverage continues* for up to 12 months at no cost After 12 months, the employee may purchase additional coverage at regular COBRA rates for the remainder of your COBRA eligibility Coverage may continue to age 65 for certain long-service employees; different plans are available at age 65 Conversion is available Dental Care Options Coverage continues* for up to 12 months at no cost After 12 months, the employee may purchase additional coverage at regular COBRA rates for the remainder of your COBRA eligibility Vision Care Option Coverage continues if employee’s GE Health Benefits coverage continues Health Care Savings Accounts See Your Benefits Handbook — Health Care Benefits Short-Term Disability Coverage continues* for 31 days after your pay ends Long Term Disability Income Plan Coverage continues* for up to 31 days. No contributions are required. In a temporary layoff, coverage continues. No contributions are required. GE PENSION PLAN (IF ELIGIBLE) AND GE SAVINGS AND SECURITY PROGRAM (S&SP) BENEFITS Pension Plan (If Eligible) If employee is age 60 or older, normal plan benefits apply If employee qualifies, he/she can retire under the Special Early Retirement Option (SERO) with an unreduced pension Savings and Security Program (S&SP) Loans are still available* Withdrawals, switching and dividend payout option are still available, even if employee’s continuous service or service credits are not maintained Make-up contributions with Company matching payments may be available upon employee’s return to work If continuous service terminates, employee’s account balance is available, now or later; payments must begin after age 70½ GE LIFE AND OTHER INSURANCE BENEFITS Life Insurance Coverage continues* for up to 12 months Conversion is available Coverage may continue if employee becomes totally disabled Continued eligibility is available for certain long-service employees

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GE is offering 160 employees it plans to lay off from its Bloomington plant a layoff benefits package, which includes health care, a pension and life insurance.

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Page 1: GE Employee Layoff Benefits Package

Page 1 of 2 GE Appliances – September 9, 2013

GE Appliances

HOURLY PRODUCTION EMPLOYEE LAYOFF BENEFITS PACKAGE

GE HEALTH AND DISABILITY BENEFITS GE Health Benefits

• Coverage continues* for up to 12 months at no cost • After 12 months, the employee may purchase additional coverage at regular COBRA rates for the

remainder of your COBRA eligibility • Coverage may continue to age 65 for certain long-service employees; different plans are available

at age 65 • Conversion is available

Dental Care Options • Coverage continues* for up to 12 months at no cost • After 12 months, the employee may purchase additional coverage at regular COBRA rates for the

remainder of your COBRA eligibility Vision Care Option

• Coverage continues if employee’s GE Health Benefits coverage continues Health Care Savings Accounts

• See Your Benefits Handbook — Health Care Benefits Short-Term Disability

• Coverage continues* for 31 days after your pay ends Long Term Disability Income Plan

• Coverage continues* for up to 31 days. No contributions are required. In a temporary layoff, coverage continues.

• No contributions are required.

GE PENSION PLAN (IF ELIGIBLE) AND GE SAVINGS AND SECURITY PROGRAM (S&SP) BENEFITS Pension Plan (If Eligible)

• If employee is age 60 or older, normal plan benefits apply • If employee qualifies, he/she can retire under the Special Early Retirement Option (SERO) with an

unreduced pension Savings and Security Program (S&SP)

• Loans are still available* • Withdrawals, switching and dividend payout option are still available, even if employee’s

continuous service or service credits are not maintained • Make-up contributions with Company matching payments may be available upon employee’s

return to work • If continuous service terminates, employee’s account balance is available, now or later; payments

must begin after age 70½

GE LIFE AND OTHER INSURANCE BENEFITS Life Insurance

• Coverage continues* for up to 12 months • Conversion is available • Coverage may continue if employee becomes totally disabled • Continued eligibility is available for certain long-service employees

Page 2: GE Employee Layoff Benefits Package

Page 2 of 2 GE Appliances – September 9, 2013

GE Appliances

A Plus Life Insurance

• Coverage continues* for up to 12 months with regular contributions • Coverage may continue if the employee become totally disabled • If the employee has A Plus Life — Term:

o Conversion is available when coverage ends • If the employee has A Plus Life — GUL:

o When coverage ends, policy is portable o Continued eligibility is available for certain long-service employees who retire (60% of

active coverage level) Dependent Life Insurance

o Coverage continues* for up to 12 months with regular contributions o Conversion is available o Continued eligibility is available for certain long-service employees

Personal Accident Insurance

• Coverage continues* without contributions for up to 12 months Long-Term Care Insurance

• Coverage continues with regular contributions Personal Excess Liability Insurance

• Coverage continues until the end of the policy term • Continued eligibility is available for certain long-service employees

Accidental Death or Dismemberment Insurance

• Coverage continues* for up to 12 months

OTHER GE BENEFITS Vacation

• With approval, available vacation days may be used before layoff starts Dependent Day Care Flexible Spending Account

• Participation ends when your pay ends • The employee can continue to submit expenses incurred during the calendar year against any

remaining account balance Work/Life Connections

• The employee remains eligible to participate* for up to 12 months following layoff Adoption Assistance Program

• The employee remains eligible to participate* for up to 12 months following layoff Individual Development Program

• Eligibility continues, as long as recall rights are retained Educational Loans

• Eligibility ends • The employee will be issued a coupon book to repay any outstanding loan

Emergency and Family Aid

• The employee remains eligible for grants, up to certain time limits Employee Product Purchase Plan

• The employee remains eligible* • Continued eligibility is available for certain long-service employees

Stock Redemption

• The employee remains eligible U.S. Savings Bond Purchase

• Participation ends

* While the employee’s continuous service or service credits are maintained.