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Benefits Coverage

Your Choices

Cost Sharing

Pension Plan

The Pension Plan can provide a long-term post-employment income benefit based on your pay and years of service with the Company. An early retirement option is available for employees at least age 55 with a minimum of 5 years of vesting service.

You automatically participate in the plan as soon as you are eligible, generally after one year of service with the Company.

The Company pays the full cost

(You are vested in your benefit after five years of service.)

The Cash Balance Plan is the retirement plan for employees of BASF Corporation who began work on or after July 1, 1999. The Cash Balance Plan is designed to provide a portion of your financial security for your retirement. The following highlights the Plan's features.

Eligibility. You are eligible to participate in the Cash Balance Plan after completing one year of employment. Participation is automatic.

Cost sharing. The Company pays the total cost of the Cash Balance Plan.

How Your Benefit Grows. Each month, the Company credits your Cash Balance Plan account with: - Pay credits, a percentage of your eligible monthly pay based on your age and years of service. See the chart below. - Interest credits based on an average 30-Year Treasury Bond rate.

Vesting. You are fully vested in the value of your account after completing five years of service.

Payment options. There are several payment options available when you terminate employment, including monthly annuities and a lump sum payment (all are payable at or after age 55).

Beneficiary. You can designate any person(s) as your beneficiary(ies) in the event of your death. If you are married, you may name someone other than your spouse as beneficiary if your spouse provides written, notarized consent.

Statements. Quarterly statements will help you track the growth of your Cash Balance Plan account and plan for your retirement.

Determining Pay Credits
Pay credits are based on the sum of your age and years of service at the end of each month. For example, if you are 37 years old with two years of service, you have 39 points (37 + 2) and therefore your Cash Balance Account would be credited with 4.75% of your pay.

Pay Credits
Age + Service Percentage of Pay Credited to Your Cash Balance Account
35 - 49
50 - 64
65 and above *
* you will continue to accrue pay credits until you have reached 40 years of vesting service

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