Savings & Retirement

Retiree Medical and Life Insurance

Kraft provides retiree medical and life insurance for employees hired or acquired before January 1, 2004.*

If you are in a participating group, you and your eligible dependents generally qualify for retiree insurance if you:

• Were hired or acquired before January 1, 2004, and

• Retire after age 55 with at least 10 years of service.

Retirement Timeline

The retirement timeline highlights your responsibilities before and immediately after your retirement. See your Human Resources Representative for more information.

Planning for Medical Expenses During Retirement

When planning for retirement, remember to save for retiree medical insurance. Kraft does not provide Company-subsidized retiree medical insurance to employees hired or acquired on or after January 1, 2004. So take full advantage of Kraft’s retirement benefits such as the Thrift 401(k) Plan and financial planning to build financial security along with your own personal savings.

* Retiree coverage is not available for Kraft employees hired on or after January 1, 2004, Pizza hourly and salaried non-exempt plant employees or Pizza Sales Representatives hired after September 1, 1996, Kraft Sales Service Representatives, Favorite Brands hourly, Veryfine, Columbus Distribution Center and Newberry hourly employees. For hourly employees at the Kirksville, MO and Columbia, MO plant locations, retiree medical coverage is available only to age 65 if hired before 2004. Retiree life coverage is available only if hired before 2004 and definition of disability is met. “Hourly” employees mean employees whose terms of employment are not subject to a collective bargaining agreement.

• Kraft retiree news on Medicare Part D
• retirement timeline

• My Thrift 401(k) Account
• Ameriprise Financial, Inc.
• Financial Engines
• NetBenefits

• Financial planning Looking for a little advice? Take advantage of financial planning benefits through Ameriprise Financial, Inc. and Financial Engines.

• What to do when retiring

• What to do when saving money

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