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New Halliburton Benefits Center!
New Benef i t Admin is t ra to rs
PRL R&S P lan Changes
www.ha l l ibur ton .com/ to ta l rewards
Inside
2011 PRL Benefits GuideXX
• FLASH:ChangeComestoHalliburtonBenefitsAdministration
• YourNewBenefitsWebsite
• BenefitServiceTransitionCalendar
• ChooseYourCommunicationsChannel
• ExcitingChangesareComingSoontothePRLR&SPlan
Features
Inside
2011
• PRLR&SPlanChanges
• PlanAheadforthePRLR&SPlanRestrictionPeriod
• AnnualEnrollmentStepsforSuccess
• WhoPaysforOurHealthCarePlans?
• GlobalHealthPlan–TheClearChoice
• ANewWellnessBenefit
• IncomeProtectionPrograms–HowMuchisEnough?
»
»»Benefits
Guide
2011 PRL Benefits Guide 03
Overthelastfewyears,we’vebeenlisteningtoyouandidentifyingwaystoimprovethesupportyouneedwhenitcomestoenrollinginyourbenefits,gettingyourquestionsanswered,andunderstandingtheoverallwaythatemployeebenefitsadministrationworksatHalliburton.
In2009,webeganaprojectthatinvolvedmanymonthsofworkwithateamofHalliburtonemployeesfromvariousdisciplinesaroundtheCompany.Theteamconsideredseveralpotentialnewvendorsforourbenefitsadministrationwork–keepinginmindthefollowingobjectives:
• Easeofuse–apositiveexperiencerelatedtobenefitsadministration
• Complete,accurateandtimelyresolutionofquestionsorissues
• Clearcommunicationsregardingallbenefits
• CompetitivepricingfortheCompany.
Aftercarefulconsideration,HewittAssociateswillnolongerserveasthebenefitsadministratorasofJanuary1,2011.
Effectivewiththisyear’sAnnualEnrollmentperiod*andbeginningJanuary1,2011,thefollowingthreecompanieswilltakeoverthebenefitsadministrationoftheCompany’sprograms:
• MercerwillmanagetheU.S.andPRLhealthandgroupbenefitprograms.
• TowersWatsonUKwillmanagethePRLRetirementandSavings(R&S)Plan.
• FidelitywillcontinuetomanagetheHalliburtonEmployeeStockPurchasePlan(ESPP),andwillalsomanagetheU.S.R&SPlan.
Webelievethesenewvendorswilldeliverenhancedcustomerserviceandbest-in-classtechnology,sothatmanagingyourbenefitsiseasy,understandableandstress-free.Withthischange,youwillnotice:
• One-stopwebsite(www.halliburton.com/totalrewards)toaccessallyouremployeebenefits
• Streamlinedenrollmentandeasy-to-usewebpages
• Oneglobaltoll-freephonenumberforcustomerservice
• Expandedcustomerservicehoursandonline“chat”atMercerforyourhealthandgroupbenefitsquestions
• UKbusinesshoursforthePRLR&SPlancustomerserviceteam
• E-maildeliveryofbenefitsalertsandconfirmationsviathee-mailaddressyouselectasyour“Primary”(eitheryourworke-mailoryourpersonale-mailaddress).
FLASH: Change Comes to Halliburton Benefits Administration
Changingbenefitadministratorsischallenging.WeareworkinghardtoestablishseamlessprocessesandensurethataccuratedataistransferredfromHewitttoMercerandTowersWatsonUK.Pleasehelpusasweassembleabetterbenefitsworldforyoubyreviewingthispublicationandfollowingtheguidanceprovided.
Make your benefits transition smooth• Logontowww.halliburton.com/totalrewardsduringAnnual
Enrollmentandreviewyourbenefitinformation.
• Remember,ifyouarenotchanginganybenefits,youstillneedtore-certifytobaccostatusforyouandyourspouse(ifapplicable).
• Checkdependentsandbeneficiaries.
• Reviewthechartonpage5toknowwheretogoforhelpduringthistransition.
• BetweenOctober27andDecember31,remembertocompletethetwo-stepprocessoutlinedonpage7ifyouareanewenrolleeorhaveanyallowablechanges.
• PrintyourPRLR&SPlanstatementonDecember30.WhenthePRLR&SPlanrestrictionperiodiscomplete,reviewyourR&SPlanaccountonlineandcheckyourvesting.* 2011 Annual Enrollment Period is scheduled from October 27, 2010, through November 17, 2010.
Your New Benefits WebsiteOK,wegetit.Weunderstandthatthewayyouchooseandmanageyourbenefitsdiffersfromemployeetoemployee.Weunderstandthatyouneedinformationatyourfingertips–convenient,simpleandstress-free.We’vebuiltabrand-newone-stopbenefitswebsitetomeetyouronlineneeds!BeginningwithAnnualEnrollment,October27throughNovember17,2010,logontotheall-newHalliburtonTotalRewardswebsiteforsecureaccesstoallyourhealthandgroupbenefits.InJanuary,accesswillbeginforPRLR&SPlanandESPPbenefits.
Toaccessthewebsiteforthefirsttime,youwillneedto:
• Gotowww.halliburton.com/totalrewards.
• Clickonthe“RegisterAccount”button.
• Enteryour9-digitIDnumber(generallyyourpayrollorExpatCommuter-OutEmployeeIDprecededby001).
• Enteryourlastname.
• Enteryourdateofbirth(MMDDYYYY).
NowthewebsitecanverifythatyouareaPRLemployee.Atthispoint,youwillneedto:
• CreateauniqueUserNameofatleastsixcharacters.
• CreateauniquePasswordthatconsistsofatleastsixcharacters,whichmustincludeanumberandaletter.
• ProvideanswerstotwosecurityquestionsinordertoautomaticallyresetyourUserNameorPasswordifyouforgetit.
• Provideapersonale-mailaddress,inadditiontoyourworke-mailifyoulike.Choosea“Primary”e-mailwhereyouwantyourbenefitinformationsent.Your“Primary”e-mailwillalsobeusedtohelpyouresetyouraccountifyouforgetyourUserNameorPassword.
Onceyouregister,you’llseethehomepagetoyournewbenefitswebsite.Usethiswebsitefor2011AnnualEnrollment.BeginninginJanuary,you’llreceivenoticewhenyouhavefullaccessintotheretirementareaforyourPRLR&SPlan.Later,duringthefirstquarter,you’llhaveaccesstotheTotalRewardsareatoviewyourtotalcompensationpackage.
Your initial login page looks like this:
Your new benefits website home page:
www.halliburton.com/totalrewards
2011 PRL Benefits Guide04
Use the calendar below over the next few months to identify where to go for benefit information or assistance.
MERCERwww.halliburton.com/totalrewards
*+866-321-0964 or 857-362-5980
MERCERwww.halliburton.com/totalrewards
*+866-321-0964 or 857-362-5980
TOWERS WATSONwww.halliburton.com/totalrewards
*+866-321-0964 or 857-362-5980
HEWITThttp://resources.hewitt.com/halliburtonbenefits
*+866-373-3422 or 847-883-0702 or 800-535-8130
Make changes to your health care coverage, as well as to re-certify tobacco status. Elections become effective January 1, 2011.
To have your ongoing health and groupbenefits questions answered.
To have your ongoing savings planquestions answered.
Annual Enrollmentfor 2011
October November December January 2011 forward
Health and Group Benefits
PRL R&S Plan
Benefit Service Transition Calendar
*Use your country’s AT&T access number if dialing internationally.
Halliburton Benefits Center*+866-321-0964or857-362-5980(*Useyourcountry’sAT&Taccessnumberifdialinginternationally)
Health and Group Benefits:Call1:30p.m.to1:30a.m.GMT/BSTMondaythroughFriday
PRL R&S Plan:Call9:00amto5:00p.m.GMT/BST
Halliburton Total Rewardswww.halliburton.com/totalrewards
DID YOU KNOW?UpdatingyouraddressandphonenumbersinEmployeeSelfService(ESS)updatesthisinformationwiththeHalliburtonBenefitsCenterandwithCIGNAInternational.However,ifyoudon’thaveeasyaccesstoESS,e-mailyouraddresstothefunctionalmailboxinDubai(FDXBIHR).
2011 PRL Benefits Guide 05
Werecognizethat,asaPRLemployee,it’sachallengetostayconnected,givenyourworkandtravelschedules.Withournewbenefitadministrators,wehaveworkedtoimprovethewaywecommunicatebenefitinformationtoyouandyourfamily.Forexample,you’llsee:
• ExpandedhoursattheHalliburtonBenefitsCenterforhealthandgroupbenefits
• Onlinechattoassistwithyourquestionsabouthealthandgroupbenefits
• UKcallcenterhoursforthePRLR&SPlan
• E-mailalertsandconfirmations.
Beginningwiththe2011AnnualEnrollment,you’llnoticethatthemajorityofyourbenefitcommunicationsmaybesentviae-mailforfastdelivery.Payattentiontothesee-mails,astheywillalertyoutotakeactionorremindyouofimportantdeadlines.Forcertainchanges,youwillreceivee-mailconfirmation.Usetheinformationwithinyourbenefite-mailstologinandtaketherequiredactionsand/orverifythatyourchangesareaccurateandcomplete.
Ifyouprefertohaveyourbenefite-mailsdeliveredtoapersonale-mailaddress,besuretosetupyourpersonale-mailaddresseswithbothMercerandTowersWatsonUK.
Takeamomenttocheckoutthedetailssurroundingyournewbenefitcommunicationchannels.
HEALTH & WELFARE BENEFITS – MERCER
TotalRewardsWebsite www.halliburton.com/totalrewards
CustomerService Toll-freeat866-321-0964(useyourcountry’sAT&Taccessnumberifdialinginternationally)or857-362-5980
Monday–Friday1:30p.m.to1:30a.m.GMT/BST
OnlineChat www.halliburton.com/totalrewards Monday–Friday1:30p.m.to1:30a.m.GMT/BST
PRL R&S PLAN – TOWERS WATSON UK
TotalRewardsWebsite www.halliburton.com/totalrewards
CustomerService Toll-freeat866-321-0964(useyourcountry’sAT&Taccessnumberifdialinginternationally)or857-362-5980.
9:00a.m.to5:00p.m.GMT/BST
E-mailforGeneralQuestions
John.Doe@WeCan’tFindYou.com Don’tmissoutonimportantbenefite-mails.Keepyoure-mailaddressesup-to-date!
Choose Your Communications Channel
2011 PRL Benefits Guide06
DID YOU KNOW?TheCompanyprovidesyouwithaccesstoatobaccocessationprogramatnocosttoyou?
Qualified Change-in-Status events
• Youareanewlyhiredornewlyeligibleemployee
• TransferfromaPRLtoaU.S.Expatriate(orviceversa)
• Newbabyoradoptedchild
• Marriageordivorce
• StartoforreturnfromanunpaidLeaveofAbsence
• Adependentgainsorloseseligibilityunderanothergrouphealthplan
• Rehiredafter31dayssinceyourlastjobseparation
Transitioningtonewbenefitadministratorsincludesanincrediblenumberoflargeandsmallchanges.We’veworkedtoremoveasmanybumpsaspossiblebut,duringthelastpartof2010,youmayencountersomesituationsthatwillrequireyoutocompleteatwo-stepprocess.Failuretocompleteeachstepcouldmeanthatyour2010andnew2011benefitswon’tbeestablishedaccurately!
So,takealookatthesespecialsituationsonthispagetoseeifyouwillneedtotaketheseimportantextrasteps,andhowtocontactthecurrentHalliburtonBenefitsCenteratHewitt,andthenewHalliburtonBenefitsCenteratMercertokeepyourbenefitsrunningsmoothlywithnobumps!ThesesituationsincludeQualifiedChange-in-Status(QSC)events,aswellasotherenrollmenteventsandchanges.
Here’salistofQSCeventstoremindyouofthetypesofsituationsthatqualify.RefertoExhibitAofyour2010HealthandGroupBenefitsSummaryPlanDescription*forafulllistofeligibleQSCevents.
*YoucanfindyourSummaryPlanDescriptionsonHalWorldat:http://halworld.corp.halliburton.com/benefits/default.aspx?navid=1050&pageid=1418
Changes During the Transition
Halliburton Benefits Center at
HewittHalliburton Benefits Center at
MercerStep 1 Step 2
http://resources.hewitt.com/halliburtonbenefits Toll free: AT&T Access Code +866-373-3422
or 847-883-0702
www.halliburton.com/totalrewardsToll free: AT&T Access Code +866-321-0964
or 857-362-5980
October 27 –November 17
Two-step process a must for these actions!
November 17 –December 31
• New Enrollments (2010 Benefits)
• Coverage Changes (2010 Benefits)
• Dependent Changes
• Beneficiary Changes
• Annual Enrollment (2011 Benefits)
• New Enrollments (2011 Benefits)
• Coverage Changes (2011 Benefits)
• Dependent Changes
• Beneficiary Changes
• New Enrollments (2010 Benefits)
• Coverage Changes (2010 Benefits)
• Dependent Changes
• Beneficiary Changes
• New Enrollments (2011 Benefits)
• Coverage Changes (2011 Benefits)
• Dependent Changes
• Beneficiary Changes
Online or by phone
Online or by phone Phone only
Online or by phone
2011 PRL Benefits Guide 07
Exciting Changes are Coming Soon to the PRL Retirement and Savings PlanWearepleasedtoannouncethatTowersWatsonUKwillbecomethenewproviderofrecord-keepingservicesforthePRLRetirementandSavingsPlan(the“R&SPlan”)beginningJanuary1,2011.Thistransitionispartofanoverallstrategydesignedtoenhancebenefitsdeliverytoparticipantsandprovideimprovedtoolsandresources.
TowersWatsonUKprovidesrecord-keepingservicestoparticipantsfornumerousmultinationalorganizationslikeHalliburton.Theyhavethepeople,processesandtechnologytodeliverthehigh-qualitycustomerservicethatweexpectforourparticipants.
ThetransitiontoTowersWatsonUKwillofferyouseveralnewandenhancedservices,including:
• Aneasy-to-usewebsite–Allyourinformationisatyourfingertips
• Currencyview–viewyouraccountbalanceinU.S.dollarsoravarietyofothercurrencies
• Simplifiedwithdrawalanddistributionprocessing
– AllpaymentswilloccurasinternationalwiresorU.S.ACHdeposits(nomorepaperchecks).
– YourprimarybankingrecordfromyourPRLpayrollwillbedisplayedonline.Assuch,youwillnotneedtoprovidebankingdetailsunlessyouwishtodirectpaymenttoadifferentbankaccount.
• U.K.officehoursfortheHalliburtonBenefitsCenterhoursare9:00a.m.to5:00p.m.GMT/BSTMondaythroughFriday.ExperiencedTowersWatsonUKrepresentativeswillbeavailabletoassistyouandansweranyquestionsyoumayhaveaboutyourPRLR&SPlan.
Someitemsthatarenotchanginginclude:
• Noinvestmentfundchanges–InvestmentoptionfundsinthePRLR&SPlanwillremainthesame,soyourcurrentretirementsavingsinvestmentstrategywillnotbedisruptedbythetransition.
• NochangetotheCompanyMatchorBasicContributionamountafterthetransition.YouwillcontinuetoreceiveCompanyMatchingandBasicContributionsjustasyoudotoday
PleasenoteHalliburtonalwayshastherighttochangethePRLR&SPlanprovisionsatanytime.
Take Note
TherearechangestosomeofthePlanprovisionsoutlinedonpage10.Besuretocarefullyreviewthetimelinearticleonpage12soyoucanplanaheadforsomeimportantdates,includingsomePlanactivityrestrictionsthatwilloccurinDecemberandearlyJanuary.InearlyJanuary,youwillreceivenotificationwhenthetransitioniscompleteandyournewaccesstoyourPRLR&SPlanaccountisavailableatwww.halliburton.com/totalrewards.
Weareveryexcitedaboutthechangesahead,andweanticipatethatyouwillbepleased,asthePRLR&SPlanandTowersWatsonUKbeginworkingtogether.
2011 PRL Benefits Guide08
StartingJanuary2011,youwillhaveanewplayeronthePRLteam.
Towers Watson UK is delighted to become the administrator to the PRL Plan, offering superb service and technology to you!
Beginning January 2011, Internet access will bring you:
• 24/7real-timeaccess
• Personaldata,contributionandinvestmenttransactions
• Accountbalancesandstatements
• Transfers
• Paymentprocessing
• Beneficiarynominationmaintenance
• Pluslotsmore…
BenefitsRisk and Financial ServicesTalent and Rewards
www.towerswatson.comCopyright©2010TowersWatson.Allrightsreserved.
092011 PRL Benefits Guide
TheCompany’sobjectivesofprovidingthePRLR&SPlanaretoassistyouinsavingtowardyourretirementgoals–andtomakesuretheCompanyisofferingacompetitivepackageofbenefits.DuringarecentreviewofhowparticipantsusetheR&SPlan,weidentifiedseveralprovisionsthatdon’talignwiththeCompany’sobjectives.ReadbelowtolearnmoreaboutthechangestothePRLR&SPlanprovisionswhichbecomeeffectiveJanuary1,2011.
Ideally,weallshouldknowhowmuchmoneyweneedtosaveforourretirement.However,becausenoneofuscanpredictthefuture,aneffectivesavingsplanshouldbedesignedtoencouragewisesavingshabits.Thein-servicewithdrawalfeatureofthePRLR&SPlanwillchangetopromotelong-termsavingsanddiscouragefrequentwithdrawals.
In-Service WithdrawalsEffectiveJanuary1,2011:
• YourEmployeeMatchedfunds(includingearnings)arenolongereligibleforwithdrawal.
• Youarelimitedtoonein-servicewithdrawalofyourEmployeeUnmatchedfunds(includingearnings)duringany12-monthperiod.
WhileyouremainanactiveemployeeoftheCompany,yourCompanyMatchingandBasicRetirementContributionsarenoteligibleforwithdrawalatanytime.
UnderthecurrentPRLR&SPlanprovisions,participantswhotakeanin-servicewithdrawal,whichincludestheirmatchedcontributions,forfeit(surrender)apro-rataportionoftheCompanyMatchingcontributionsbacktothePRLR&SPlan.EliminatingtheopportunitytowithdrawyourEmployeeMatchedContributionsmeansthatthisforfeitureiseliminated,sotheCompanyMatchingcontributionsremaininyouraccount,boostingyourlong-termsavings.
Thenewin-servicewithdrawaltimingrestrictionisalsodesignedtosupportlong-termsavings,whileallowingcertainaccesstoaportionofyouraccountbalance.Asanexample,withthenew12-monthwithdrawalrestriction,ifaparticipanttakesanin-servicewithdrawalonJune1,2011,heorshewouldnotbeeligibletotakeanotherin-serviceuntilafterMay31,2012.
Investment Transfers PolicyGenerally,youmaytransferassetsinoroutofanyofthePRLR&SPlan’sinvestmentfundsbasedonthe20-dayincoming/20-day
Plan Provision Changes
outgoingrestrictions.BeginningJanuary1,2011,thePRLR&Sinvestmentfunds(exceptfortheStableValueFund)willbesubjecttoarevisedInvestmentTransferPolicy.
ThePRLR&SPlanhaslongdiscouragedexcessivetradingbyplanparticipants.Excessivetradingcanbeexpensiveandburdensomeforlong-terminvestorsbecauseitcan:
• Reducetherateofreturnbyincreasingfundcosts
• Disruptthefund’sunderlyinginvestmentmanagementstrategies,byforcinguntimelyandunwantedtradingofportfoliosecurities.
EffectiveJanuary1,2011,thefollowingwillapply:
• The20-dayrestrictionwillincreasetoa30-dayperiod.
• This30-dayrestrictionwillapplybytransaction–notbyinvestmentfund.
• TransferorreallocationintotheStableValueFundwillbeallowedatanytime.However,suchatransactionwillrestartthe30-dayrestrictionperiod.
Remember,inordertoprovideprotectionagainstpossiblemarketdownturns,youcanalwaystransferorreallocatemoniesintotheStableValueFundfromtheotherfunds.
Let’swalkthroughaseriesofstepstoshowhowthenewInvestmentTransferPolicywillbeapplied:
• OnJune1,youlogontowww.halliburton.com/totalrewardsandshiftsomeofyourassetsoutofyourGlobalEquityFundintotheU.S.EquityFundandsomeofyourStableValueFundintotheGlobalBalancedFundandfinally,alltheassetsoutofyourU.K.EquityFundsintotheGlobalBalancedFund.Whenallthesechangesoccuratonetimewhileyouareloggedon(orduringacalltotheHalliburtonBenefitsCenter),theyareconsideredasingletransaction.TheInvestmentPolicyrulesrestrictanyadditionalinvestmentfundtransfersforthenext30-dayperiodwithoneexception.ThatexceptionallowsyoutoshiftyourinvestmentfundsatanytimeintotheStableValueFund.
Now,onJune8,youwouldliketomodifyyourinvestmentfundallocation.However,becauseyouarestillwithinthe30-dayrestrictionthatbeganonJune1,theonlyinvestmentchangeyouwouldbeallowedtoshiftmoneyfromanyofyourinvestmentfundsintotheStableValueFund.IfyouchoosetoshiftmoneyintotheStableValue
A fresh look at savings and changes for 2011
2011 PRL Benefits Guide10
PRL 2011 Holiday Processing Schedule
Fund,thisrestartsthe30-daywaitingperiodforallyourinvestments(withtheexceptionofmovingadditionalfundsintotheStableValueFund).
Vesting ServiceYourrighttoownershipofyourPRLR&SPlanaccountbalancesisknownasvesting.Youarealways100%vestedinthevalueofyourEmployeeMatchedandEmployeeUnmatchedcontributionaccounts.However,yourvestedrighttothevalueoftheCompanyMatchingandBasicRetirementContributionsaccountsisbasedonyouryearsofvestingservice.Currently,ayearofvestingserviceisbasedonyouworkingatleast1,000hoursfromJanuary1toDecember31ofeachyear.
EffectiveJanuary1,2011,ayearofvestingservicewillbecountedasthe12-monthperiodbeginningonyourhiredateandendingontheearlierofyourfirstanniversarydateorthedatethatyouterminateemployment.ThischangeisbeingmadetoallowthePRLR&SPlantobeadministeredinamoreefficientandcustomarymanner.Itwillnotreduceanyvestingyouhaveearnedalready.
Remember:
• Youare100%vestedintheCompanyMatchedContributionandearningsonthosecontributionsifyouwereeligibleforthePRLR&SPlanpriortoJanuary1,2009.
• Youare100%vestedintheCompanyMatchedContributionsandanyearningsonthosecontributionsaftertwoyearsofserviceifyoubecameeligibleforthePRLR&SPlanonorafterJanuary1,2009.
• Youare100%vestedintheCompanyBasicRetirementContributionafterthreeyearsofservice.Ifyouhavethreeormoreyearsofserviceatthetimethecontributionismade,youareautomatically100%vestedinthefullcontributionaccount.
• Youareautomatically100%vestedinallofyourCompanyaccountbalancesifyouretire,die,becomedisabled,orreachage65whileemployedwiththeCompany.
Pleasereviewthearticleonpage12entitled,“Plan Ahead –PRL R&S Restriction Period”toensurethatyouunderstandwhenthePRLR&SPlanwillbegincertainactivityrestrictionsinDecemberasweworkthroughthechangeofPRLR&SPlanadministrators.
For2009,theCompanypaid$5.1millioninMatchingContributionsintothePRLR&SPlan,aswellas$5.7millioninBasicContributions.Areyouoneofthe30%ofPRLemployeeswhodidnotreceivetheCompanyMatchbecauseyouhaven’tenrolled?Ifso,takeactionnow.Enrolltoday!
Beawareofthefollowingdates.Investmenttradesarenotpriceduntilthenextbusinessdayaftertheseholidays.
New Year’s Day January 3
Martin Luther King Day January 17
President’s Day February 21
Good Friday April 22
Easter Monday April 25
May Day May 2
Memorial Day May 30
Independence Day July 4
Summer Bank Holiday August 29
Labor Day September 5
Columbus Day October 10
Veteran’s Day November 11
Thanksgiving Day November 24
Christmas Day December 26
DID YOU KNOW?
2011 PRL Benefits Guide 11
OK–soyou’veheardwe’rechangingadministratorsforthePRLR&SPlan.Whatdoesthismeanforyouandwhatdoyouneedtopayattentiontobefore,duringandimmediatelyafterthischange?
Well,firstyoushouldknowthattheCompanyiscommittedtoensuringthatthetransitionisdoneaccurately.Allpartiesinvolvedinthetransitionareworkinghardtominimizethedisruptiontotheserviceyoureceive.Duetothecomplexityofthischange,certainaccountactivitiesunderthePRLR&SPlanwillbesuspendedorrestrictedduringthetransition.Theserestrictionsallowtheoutgoingadministrator(Hewitt)tocloseoutcertainactivitiessoitcanprovidefullandfinalaccountstotheincomingadministrator(TowersWatsonUK).TowersWatsonUKthenrequirestimetofullyreconciletheaccountsandloadthefinaldataaccurately.
ChangingadministratorsfromHewitttoTowersWatsonUKdoesnotaffectthevalueorsecurityofyouraccountinanyway.Theprocesswillbemanagedsothat,duringthetransition,yourcontributionswillcontinuetobedeductedfromyourpayandinvestedinaccordancewiththechoicesyouhavemadepriortotherestrictedperiods.Takenoteofalltheseimportantdatesbelow.
If you are planning to retire late in 2010 or early 2011 – or undertake certain account activities at year-end – pay attention and plan ahead! The chart below outlines what PRL R&S Plan activities will be restricted and when.
TheTowersWatsonUKwebsiteandcallcenterwillopenonJanuary4,2011,toprovidebasicinformationaboutthePRLR&SPlan.TowersWatsonUKexpectstoopenwithfullplanfunctionalityonJanuary10,2011,andbeabletofullysupportthePRLR&SPlanatthattime.Aswithanytransition,unexpectedissuescouldarisethatcoulddelaythisdate.WatchforupdatesontheblackoutandliftingofallrestrictionsonthePRLwebsite,www.halliburton.com/totalrewardsande-mailalerts.Shouldadelayoccur,thiswillbecommunicatedassoonaspossibletoparticipantsviatheHalliburtonbenefitwebsiteatwww.halliburton.com/benefitsandthroughHalWorldatthePRLwebsiteathttp://halworld.corp.halliburton.com/hes/hes_me/hes_me_hr/hes_me_hr_PRL.asp.
Plan Ahead PRL R&S Restriction Period
KeyDates Activity WhatItMeansToYou
December17 Lastdayyoumayrequestanin-servicewithdrawalorfulldistributionfromyouraccount
OnlineformorpaperworkmustbefullyandaccuratelycompletedandreceivedbyHewitt.Afterthisdate,in-servicewithdrawalswillnotbeavailableuntilthePRLR&SPlanadministrationfullyopensinearlyJanuary.
December30 LastdaytoenrollinthePRLR&SPlanorchangeyourcontributionrate
Afterthisdate,youwillnotbeabletoenrollorchangeyourcontributionuntilthePRLR&SPlanadministrationfullyopensinearlyJanuary.
December30 Lastdaytochangeortransferyourinvestmentfundallocation
Afterthisdate,youcannotchangeyourinvestmentmixuntilthePRLR&SPlanadministrationfullyopensinearlyJanuary.
December30 Lastdaytochangeyourbeneficiarynomination
Afterthisdate,youcannotchangebeneficiariesuntilthePRLR&SPlanadministrationfullyopensinearlyJanuary.
December31 Lastdaytoprintyourstatementfor2010 Printyouronlinestatementtoensureyouhavethisinformationduringthetransition.Afterthis,youwillnotbeabletoviewyouraccountbalanceorprintastatementuntilthePRLR&SPlanfullyopensinearlyJanuary.
December31,2010midnightEST
Hewitt’sYBRwebsiteandcustomerservicecentercloses
Afterthisdate,youwillnolongerhaveweborphoneaccesstoHewittAssociates.
January4,2011 HalliburtonBenefitsCenteratTowersWatsonUKopensforPRLR&SPlaninquiries.
Accountbalanceswillnotyetbereconciledbythisdate,butgeneralquestionsaboutthePRLR&SPlanprovisionscanbeanswered.
January10,2011(estimated)
HalliburtonBenefitsCenteratTowersWatsonUKopensforPRLR&SPlaninquiries
WeestimatethatthePRLR&SPlanwillbereconciledandavailableforfullfunctionalitybythisdate.
Transition Restriction Dates
2011 PRL Benefits Guide12
CompletethesestepsbeginningOctober27throughNovember17
*Unless you make active changes, your 2010 health care coverage, along with your 2010 Optional Life and AD&D, and LTD elections will continue for 2011.
**Change your mailing address and phone numbers by logging on to Halliburton’s Employee Self Service (ESS) area. If you are unable to access ESS, email your change to FDXIHR. Add a personal e-mail address when logged on to the Halliburton Total Rewards site.
1. Readthis2011BenefitsGuidemagazine.
2. Considerwhatbenefitsyouneedanddiscusstheoptionswithyourfamily.
3. LogontothenewHalliburtonTotalRewardssite(www.halliburton.com\totalrewards).*
4. Verifytobacco-userstatusforyouandyourspouse.
5. Verifyyourmailingaddress,e-mailaddress,homeandmobilephonenumbers.**
6. Confirmtheeligibilityofyourdependentsandupdatetheirinformation.
7. Checktoensurethatyourbeneficiaryinformationisup-to-date.
8. CompleteyourHealthRiskAssessmenttoreceiveyour$100premiumcreditin2011.
9. FinishyourhealthandgroupenrollmentsnolaterthanNovember17,2010.
10.Printaconfirmationpagetodocumentyourbenefitchoices.
11.Remembertocompletethetwo-stepprocessoutlinedonpage7ifyouhavedependent/beneficiary/coveragechangesduringoroutsideofAnnualEnrollment.
Annual EnrollmentSteps for Success
132011 PRL Benefits Guide
2011 PRL Benefits Guide14
Who Pays for Our HealthCare Plans?
TheGlobalHealthandGlobalDefaultPlansestablishedforPRLemployeesareself-funded.ThismeanstheCompanyassumesthefinancialriskofprovidinghealthcarecoverageforyouandyourfamily,insteadofpayingapremiumtoaninsurancecompanytoassumethisrisk.WeemployCIGNAInternationaltohandleadministrationoftheplantoprocessesclaims,assistinnegotiatingdiscountsaroundtheglobe,andprovidecustomerservicetoyouandyourfamily24hoursaday,7daysaweek–speakingwithyouinanylanguageyoufeelmostcomfortablein.
Themedical,dentalandvisionclaimsthatyouandyourfamilyincurarepaiddirectlyfromaCompanybankaccount,andtheyimpacttheCompany’sbottomline.TheCompanycontinuestosubsidizethemajorityofthePlancosts,butcontrollingclaimcostsisasharedresponsibilitybetweenyouandtheCompany.Controllingclaimcostsalsosavesyoumoney,asyoupayasmallpercentageofthecostofthemedicalprogram.Sometipstohelpyoureduceyourclaimcostsinclude:
• Getyourannualcheckupandscreenings.
• CompleteyourHealthRiskAssessmentandreduceyour2011contributionsby$100.
• EnrollinoneofthenewonlineLiveWellprograms.
• Avoidtobaccoproducts.
• Bephysicallyactive.
• Eatlotsoffruitsandvegetables.
• Managestress.
$8.1 million
$1.4 million
PRL health care costs for 2010 areestimated to top $9.5 million USD
EmployeeContributions
EmployerContributions
2011 PRL Benefits Guide 15
Halliburton is committed to promoting healthy lifestyles.
Tobacco-free employees enrolled in the Global Health Plan will receive a 20% medical premium discount for remaining tobacco-free. To qualify for the nontobacco-user discount, you and your spouse must certify that you have not used any tobacco products since December 31, 2009, and that you and your spouse will continue to refrain from using any tobacco products while you are receiving the nontobacco-user discount. This certification is subject to Halliburton’s Code of Business Conduct.
Certain exceptions may be available if it is unreasonably difficult or medically inadvisable for you to quit tobacco products. If you currently use tobacco products, Halliburton can help you quit with a selection of tobacco-cessation programs.
eliminatetobacco.save money.
We’dliketodiscusswhy,foralmosteveryPRLemployee,theGlobalHealthPlanistherightchoiceforyouandyourfamily.
Increasingly,manycountriesrequireahighlevelofmedicalcoveragetosecureavisa,oraworkorresidencypermit.Asyoucanimagine,therulesforeachcountrydiffer.However,whatisconsistentandofcriticalimportancetoyouisthattheGlobalHealthPlanisstructuredsothatitsbenefitsaremorethanadequatetoensurethatyoucanreceiveyourworkcountrypaperworkwithoutissuesordelays.TheGlobalDefaultPlanisnotstructuredinthisway.
ThefactiswhenPRLemployees,whoareenrolledintheGlobalDefaultPlan,areassignedtoacountrywherethelimitedcoverageoftheGlobalDefaultPlanisnotadequate,theyexperiencesignificantproblemsinobtainingtheirvisa,workorresidencypaperwork.Don’tgetcaughtinthissnare!Enrollyouandyourfamilyinthe
The Smart Choice for PRL EmployeesThe Global Health Plan
comprehensiveGlobalHealthPlanduringthisAnnualEnrollmentperiod.
ThekeyfeatureoftheGlobalHealthPlanthatensuresyoucanmeetlocalcountryregulationsistheCIGNALinksbenefit.So,forexample,inSaudiArabiaortheUnitedArabEmirates(U.A.E.),theCIGNALinksbenefitworksbyprovidingyouaseparateIDcardtouseinthosespecificcountries.ThatseparateIDcardmeetsallstatutoryregistrationrequirements.Inothercountries,suchastheU.K.,theCIGNALinksbenefitconnectsyoutonegotiatedratesatCIGNAU.K.providers.Asthecomplexityofourworldincreasesandregistrationrequirementsineachcountryincrease–don’tgetcaughtwithoutthelevelofmedicalcoverageneededtomeetyourworkassignment.BesureyouareenrolledintheGlobalHealthPlanfor2011!
TheGlobalHealthPlanprovidescomprehensivecoverageforyouandyour
family’smedical,dental,prescriptionandvisioncoverageallinoneprogram.TherearedifferentlevelsofbenefitsforcarereceivedintheU.S.andforcarereceivedoutsidetheU.S.
ThelimitedGlobalDefaultPlanprovidescatastrophicmedicalcoverageforyouonly.Coverageforyourfamilyisnotavailable.TheGlobalDefaultPlanonlypaysabenefitafteryoumeetaUS$10,000deductible–thismeansthatyoupayUS$10,000outofyourpocketforyourmedicalexpenseseachyearbeforetheGlobalDefaultPlanbeginstoreimburseyou.TheGlobalDefaultPlanprovidesonlylimiteddentalcoverageandnovisioncoverage.ItalsoexcludescoverageforallcarereceivedintheU.S.IfyoudonotenrollintheGlobalHealthPlan,youwillbeautomaticallyassignedtotheGlobalDefaultPlan.
Don’tdelay–enrollintheGlobalHealthPlanbetweenOctober27andNovember17!
2011 PRL Benefits Guide16
GLOBAL HEALTH PLAN GLOBAL DEFAULT PLAN
Outside U.S. Treatment Inside U.S. Treatment Outside U.S. Treatment Only
Eligible Participants EmployeeandDependents EmployeeOnly
Lifetime Maximum $2millionperperson $1.2millionperperson
MEDICAL
CalendarYearDeductible $0 $500perperson$1,000perfamily
$10,000
PlanPays 100% 80%afterdeductible 100%afterdeductible
CalendarYearOut-of-PocketMaximum(includesdeductibleandMHSA)
Notapplicable $2,750perperson$5,500perfamily
$10,000
MentalHealthandSubstanceAbuse(MHSA)
• nolimitonthenumberofvisitsordays
100% 80%afterdeductible 100%afterdeductible
PreventiveCare 100% 80%or100%dependingonthetypeofservice;deductiblewaived
100%;deductiblewaived
Immunizations 100% 100%;deductiblewaived 100%;deductiblewaived
Prescription Drugs
Retail
MailOrder
(U.S.only)
100%;claimsreimbursedthroughCIGNAInternational
Notavailable
Generic:$15co-pay
PreferredBrand:25%co-pay($25minimumand$100maximum)
NonpreferredBrand:45%co-pay($45minimumand$100maximum)
Generic:$30co-pay
PreferredBrand:25%co-pay($65minimumand$200maximum)
NonpreferredBrand:45%co-pay($115minimumand$250maximum)
100%;afterdeductible;claimsreimbursedthroughCIGNAInternational
Notavailable
DENTAL
EligibleParticipants EmployeeandDependents EmployeeOnly
CalendarYearDeductibleCalendarYearMaximum
$50perperson$1,500perperson
$0$1,000perperson
• PreventiveCare• BasicCare• MajorCare
100%;deductiblewaived80%afterdeductible50%afterdeductible
50%50%50%
Orthodontia
OrthoLifetimeMaximum
Fordependentsunderage19yearsofage50%;deductiblewaived
$1,500perperson
Notcovered
VISION
Exams,GlassesandContactsCalendarYearMaximum
100%$200
100%;deductiblewaived$200
Notavailable
Compare the differences ...
172011 PRL Benefits Guide
Weight ManagementDiets are temporary. Healthy weight loss is permanent. With this program, you can lose weight and learn how to keep it off with health habits that become your new way of life. Tobacco Cessation Quit for life, quit for good. We know quitting a tobacco habit isn’t easy. We can help turn the possibility into reality. Physical Activity Feeling lethargic? Energize your life. You can learn how to put energy back into your life by learning physical activities that lead to a more energized you.
To get started on your path toward a healthier life, take the online HRA and get a personal health profile that will help you and your coach understand your health. Then, based on your results and needs, you can enroll into a lifestyle management program. For more information, call 866-724-8901 or log on to www.nwbetterhealth.com/portal/halliburton.
Healthy Eating Love food? Learn how to improve your eating habits. You will learn the right foods to eat and the correct way of eating. Stress ManagementControl your stress – control you life. We know managing stress isn’t easy and we can help turn this possibility into YOUR reality.
Sleep ApneaA full night’s sleep is not a luxury – it’s a basic necessity for healthy hormone balance. Once you dip below seven hours a night, you are increasing your risk of diabetes, cancer, heart disease, stroke, depression and obesity.
Health Risk Assessment (HRA) Log on to a healthier life.
2011 PRL Benefits Guide18
incentive for completing your Health Risk Assessment
When you take the Health Risk Assessment (HRA) at www.nwbetterhealth.com/portal/halliburton between October 27 and November 30, 2010, you’ll receive a $100 reduction in the amount you pay for the Global Health Plan on an annual basis.
Taking the HRA makes good sense for your budget and your life. The path to good health starts with assessing your lifestyle and making positive behavioral changes.
A health risk assessment is a confidential assessment in which you answer questions about your health, lifestyle and readiness for improvement. The information you provide will help the program identify your health risk factors and assess the likelihood of developing chronic conditions such as heart disease, high blood pressure and diabetes. Upon completing the HRA, you will receive a report that outlines your personal results.
Log on today!www.nwbetterhealth.com/portal/halliburton
$100
192011 PRL Benefits Guide
Perhapsyouarereadingthisarticlewhilerunningonatreadmilloreatinganapple?Allofusgenerallyneedhelpwithimprovingourhabitsandlifestyleswhenitcomestohealth.So,wearepleasedtoannouncethatPRLisaddingfocusonhealthylifestyleswithanewwellnessbenefitprogramcalledLiveWell.
Why focus on wellness?WellnesspaysoffforbothyouandtheCompany.Thinkaboutit:
• ThecosttotheGlobalHealthPlanforlifestyle-relatedillnessessuchasobesity,tobaccouseanddiabetescontinuestoincrease–andyoushareinthatcost.
• Healthyemployeesarehappierandmoreproductiveemployees.
How does LiveWell work?
TheLiveWellprogramprovidesseveraldifferentwaystohelpyouadopthealthierhabits,maintaintheonesyouhaveinplace,ortakeanexistinghealthyroutinetothenextlevel.
Health Risk AssessmentsAHealthRiskAssessment(HRA)isashortonlinequestionnairethatwillidentifythekeyhealthrisksyouface.YourindividualanswersareconfidentialandnotsharedwiththeCompany.WhenyoucompleteyourHRA,itprovidesyouimmediateonlinefeedback.Ifyougatherandinputyourlatestweight,bloodpressure,cholesterolandglucoselevelsfromyourlastdoctorvisitforinput,yourassessmentresultswillbeevenmorecomplete.
TherearetwopayoffswhenyoucompleteyourHRA.First,ifyoucompleteyourHRAbetweenOctober27andNovember30,theCompanywillreduceyourcostforcoverageundertheGlobalHealthPlanby$100!YourpayrolldeductionsfortheGlobalHealthPlanwillbereducedeachmonthduring2011.Yousavea$100fortheyear!
ThesecondpayoffisthatyourHRAresultsprovideyouimmediatefeedbackthatcategorizesyourhealthrisks.Youmayfindthatyoudon’tknowyourbodyaswellasyouthought.You’llemergewiththeknowledgetostrengthenyourhealthandtolivewell.YourHRAresultscanalsohelpyoudecidewhichofthelifestylemanagementprogramsnotedonthispagecouldbenefityouthemost.And,remember,yourHRAresultsareneversharedwiththeCompany.
TotakeyourHRAbeginningOctober27throughNovember30,logontowww.halliburton.com/totalrewards,selectthe“HealthandGroup”block,andthenclickontheHealthRiskAssessmentlink,completethequestionnaireandearnyour$100premiumcredit.
A New Wellness Benefit
Lifestyle Management ProgramsTheonlineLiveWelllifestylemanagementprogramsfromNationwideBetterHealthhelpyoureachyourgoalsforahealthylifestyle.Byworkingthroughtheonlineresources,you’llgetthesupport,encouragementandguidanceyouneed.Youcanchoosetoenrollandparticipateinthefollowingareas:
• Tobaccocessation
• Weightmanagement
• Healthyeating
• Stressmanagement
• Physicalactivity
• Sleepapnea.
See?Itisasimpleequation!CompletingyourHRAandparticipatingintheonlineLifestyleManagementprogramsadduptoahealthierlife.So,whatareyouwaitingfor?VisitLiveWellatwww.halliburton.com/totalrewardstofindyourhealthylivingformulaandgetstarted!
Monthly WebinarsThethirdTuesdayofeverymonth,youareinvitedtoattendanonlinewebinar.Theselivelywebinarsfocusonawiderangeofhealth-relatedtopics,suchasphysicalactivity,improvingyoureatinghabits,wellnessinvestmentsunder$100,preventingcardiovasculardisease,stressmanagementandmore.Formoreinformation,checktheTodaynewsletterandHalWorld.
Equation – It’s simple math: Live + Well = LiveWell.
2011 PRL Benefits Guide20
From the World Health Organization (WHO)• TheonsetofTypeIIdiabetescanbepreventedordelayedwitha
healthydiet,regularphysicalactivity,maintaininganormalbodyweightandavoidingtobaccouse.
• Overtime,diabetescandamagetheheart,bloodvessels,eyes,kidneysandnerves.
• Therearesome4,000knownchemicalsintobaccosmoke;morethan50ofthemareknowntocausecancerinhumans.
• WHOprojectsthat,by2015,approximately2.3billionadultswillbeoverweightandmorethan700millionwillbeobese.
• Atleast20millionchildrenundertheageof5yearsareoverweightgloballyin2005.
2011 PRL Benefits Guide 21
Whenwasthelasttimeyouthoughtaboutyourincomeprotectionbenefits?
Mostofuswedon’tgiveitmuchthoughtwhileourbusylivesflybyyearafteryear.However,aswegothroughthevariousstagesoflife,ourneedsforadditionalincomeprotectionsuchaslifeinsurance,long-termdisabilitycoverage,andaccidentaldeathanddismembermentinsurancecanchange.
Whatisrightforyouandyourfamilythesedays?Afatherwithseveralyoungchildrenandaspousewhodoesn’tworkmaywanttobesurethat,ifsomethinguntimelyhappenstohim,hisfamilycancontinuewithoutfinancialburden.AyoungunmarriedpersonmayfindthattheCompany-providedlevelsofincomeprotectionbenefitsaremorethansufficient,ashisorherresponsibilitiesmaybelightincomparison.Apersonwhosechildrenaregrownandlivingontheirown,orwhosespousehascoveragethroughhis/herjobmaydecidethatonlyabitofoptionalincomeprotectionisuseful.Whataboutyou?Areyoupurchasingtoomuchornotenoughcoverage?
Takealookatthesummariestotherighttoreviewyourincome-protectionofferings.Whenyoulogontowww.halliburton.com/totalrewardsduringAnnualEnrollmenttoreviewormakechangestoyour2011benefits,makeuseoftheestimatortoolsforOptionalLifeorLong-TermDisabilitytohelpestimatewhatbenefitamountsmaybeappropriateforyouandyourfamily.
Life Insurance
GroupTermLifeInsuranceprovidesfinancialprotectionforyouandyourfamilyintheeventofadeath.BasicEmployeeLifeInsuranceprovidesaCompany-paidbenefitofonetimesyourannualbenefitbasepayor$50,000,whicheverisless.Ifyouwantadditionalfinancialsecurity,reviewthecharttotherighttoseethelevelsofOptionalLifeinsuranceyoucanpurchaseforyourself,yourspouseand/oryourchildren.
Accidental Death and Dismemberment (AD&D) Insurance
AD&Dinsurancepaysabenefittoyouifyouareseriouslyinjuredinanaccidentortoyourbeneficiaryintheeventofyourdeathfromanaccident.TheCompanyprovidesBasicAD&Dcoverageequaltoyourannualbenefitbasepay,upto$200,000.YoumaypurchaseOptionalAD&Dinsuranceforyourself,yourspouseand/oryourchildren.
AD&Dinsurancealsohasothersecondarybenefitsthatmightbehelpfultoyourfamily.Forexample,theeducationbenefitunderthepolicyprovidestrainingoreducationasfollows:
• Foryourchildren:Ifyoudieinacoveredaccident,AD&Dinsurancewillpayanextrabenefitforeachinsuredchildwhoenrollsinaschoolofhigherlearningbeforeheorshereachesage25.Oncesuchabenefitbegins,theprogramwillincreasethisbenefitamountby10%or$10,000peryear,whicheverisless,foreachqualifyingchild.Thisbenefitispayableeachyearforfourconsecutiveyears,aslongasyourchildcontinueshisorhereducation.TakealookattheothervariousbenefitclausesintheAD&DprogrambyreviewingtheSummaryPlanDescriptiononHalWorldathttp://halworld.corp.halliburton.com/benefits/default.aspx?navid=1050&pageid=1418.
Income Protection Programs:
How Much is Enough?
Coverage For Optional Life Insurance
Employee* Incrementsof1to6timesannualbenefitbasepay,upto$3million,includingyourBasicEmployeeLifeInsurance
Spouse* $10,000orfrom1/2to3-1/2timesemployee’sannualbenefitbasepay.Coveragecannotexceedthelesseroftheemployeecoverageamount(includingBasicEmployeeLifecoverage)or$250,000
Child(ren)underage19(orunderage25iffull-timestudent)
$10,000
Coverage For Optional Accidental Death and Dismemberment (AD&D)
Employee Inincrementsof$50,000,from$50,000tothelesserof$1millionor10timesyourannualbenefitbasepay
Spouse In$50,000increments,from$50,000tothelesserof$1millionor10timesemployee’sannualbenefitbasepay
Child(ren)underage19(orunderage25iffull-timestudent)
$50,000
*Mayrequireevidenceofinsurability(EOI)
Long-Term Disability Insurance
TheLong-TermDisability(LTD)insuranceprogramisdesignedtohelpifyouareunabletoworkduetoadisabilitythatkeepsyouawayfromthejobformorethansixmonths.LTDreplacesapercentageofyourpre-disabilityincomeifyouaredisabledandcannotworkforanextendedperiodoftime.
HalliburtonprovidesCompany-paidLTDcoverageof40%ofyourannualbenefitbasepay.YoumaybuyadditionalcoveragetoincreaseyourLTDbenefittoeither50%or60%ofyourannualbenefitbasepay,subjecttocertainevidenceofinsurability(EOI)requirements.IfyoubecomedisabledunderthetermsoftheHalliburtonEnergyServices,Inc.WelfarePlan,themaximumLTDbenefitpayableis$25,000permonth.
Optional Life Insurance
Optional Accidental Death and Dismemberment (AD&D)
2011 PRL Benefits Guide22
“CIGNA” refers to CIGNA Corporation and/or its subsidiaries and affi liates. CIGNA International and CIGNA International Expatriate Benefi ts (CIEB) refer to these subsidiaries and affi liates. Products and services are provided by these subsidiaries, affi liates and other contracted companies and not by CIGNA Corporation. “CIGNA” is a registered service mark. CIEB’s web-based tools, such as CIGNA Envoy®, are available for informational purposes only. CIEB’s web tools are not intended to be a substitute for proper medical care provided by a physician.
Copyright 2010 CIGNA Corporation. 101207 7/10
● Submit a Claim
● Print ID Cards
● Download Forms
● Find a Doctor
● Securely Communicatewith CIEB
● Translate Medical Phrases
● Listen to Podcasts
www.CIGNAenvoy.com1.800.441.2668 | 001.302.797.3100
101207-Haliburton Ad 1 7/30/10 3:30 PM
Register to use CIGNA International’s CIGNAEnvoy website to manage your health plan information.
ThiscommunicationprovidesabriefoverviewofthehealthandgroupbenefitchoicesthatwillbeofferedtoeligiblePRLemployeesfor2011.Itisnotacompletedescriptionofthechoicesoracompletedescriptionoftheplans—whichwillbeavailableinyourSummaryPlanDescriptions.
Summary of Material Modifications
This communication is a summary of the material modifications made to Halliburton Energy Services, Inc. Welfare Benefit Plan and the PRL Retirement and Savings Plan. This summary revises and replaces certain text in the Plans’ summary plan descriptions. To the extent that materials in the Plans’ summary plan descriptions and this brochure conflict, the information in this brochure will govern. Thus, please keep a copy of this brochure as a supplement to your Plans’ summary plan descriptions.
Foranswerstoimmediatequestionsaboutyour2010benefits,pleasecalltheHalliburtonBenefitsCenterat1-800-535-8130,MondaythroughFriday,from8:30a.m.–5:00p.m.CentralTime.Youcanalsosubmityour2010inquiriestotheHalliburtonBenefitsCenterviatheYourBenefitResourcesTM(YBR)siteathttp://resources.hewitt.com/halliburtonbenefits.OnceyouenteryourUserIDandpassword,choosethe“ContactUs”menuoptionontheleft-handsideofyourscreenandyoucanthenchoosetheoption“UseE-mailtoSendaQuestiontoaBenefitsRepresentative.”Youwillreceivearesponsetoyourinquirywithin24businesshours.
Forquestionsaboutyour2011AnnualEnrollmentandhealthandgroupbenefits,pleasecontactthenewHalliburtonBenefitsCenter,MondaythroughFriday,toll-freeat866-321-0964(ifdialinginternationally,useyourcountry’sAT&Taccessnumber)or857-362-5980from1:30p.m.to1:30a.m.GMT/BST.Youcanalsologontowww.halliburton.com/totalrewardsforinformationortoinitiateachatsession.
EveryefforthasbeenmadetoprovideclearandaccurateinformationabouttheCompany’sbenefitplans.However,intheeventofadiscrepancybetweenthismaterialmodificationandtheofficialplandocuments,theofficialplandocumentswillgovern.Therearenoguaranteesthatparticipationunderthebenefitplansdescribedinthismaterialwillremainunchangedinfutureyears.TheCompanyreservestherighttochange,suspend,amendorterminatetheplansdescribedinthismaterialatanytime,inwholeorinpart.Thismeansthattheplansmaybe:
• Discontinuedintheirentirety
• Changedtoprovidedifferentlevelsofbenefits
• ChangedtoprovidefordifferentcostsharingbetweentheCompanyandparticipants
• Changedinanyotherway.
AnysuchchangeorterminationshallbesolelyatthediscretionoftheCompany.Youwillbenotifiedifanysuchchangeorterminationoccurs.
H0790709/10
M259305
PrintedintheU.S.A.
WrittenbyGlobalBenefits
ProducedbyHalliburtonCommunications
©2010Halliburton.AllRightsreserved.