Benefits Overview - Dresser-Rand by shuifanglj

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									     2011 Benefits
Wellsville Bargaining Unit Employees
                                                                Disclaimer

•   This document is intended to be a high-level overview. The terms and
    conditions of the benefits described are determined solely by the summary
    plan descriptions (SPDs) or plan documents and summaries of material
    modifications of the Dresser-Rand Company Welfare Plan, Pension Plan for
    Employees of Dresser-Rand Company, Dresser-Rand Company Retirement
    401(k) Plan. In the event of any inconsistent provisions, the language of the
    plan documents applies.

•   As in the past, the Company reserves to itself, pursuant to its sole and
    exclusive discretion, the right to change, amend or terminate this Plan
    according to the terms of the applicable plan documents and subject to any
    collective bargaining agreements.

•   Benefits described herein may not automatically apply to employees at all
    locations or employees covered under a labor agreement.

•   Plan is subject to nondiscrimination rules that may reduce or limit the tax
    advantages of the plan for certain employees.

                                            2
                         2011 Benefits Enrollment


Dresser-Rand Benefits Enrollment
  •   Enrollment will be on-line
  •   Benefits website: www.dresser-rand.com/benefits
  •   Can review benefits information on website
  •   Can access online enrollment system by selecting:




                            3
                                                 Overview

Dresser-Rand Benefit Programs
•   Health
     •   Medical/Prescription
     •   Wellness
     •   Dental
     •   Vision
     •   Health Savings Account (HSA)
     •   Flexible Spending Accounts (FSAs)
     •   Employee Assistance Program (EAP)
•   Income Protection
     •   Basic Life and AD&D
     •   Optional Life
     •   Voluntary AD&D
     •   Business Travel Benefits
     •   Voluntary Group Legal
     •   Disability
•   Pension Plan
•   401K



                                             4
                                     Eligibility
                    Health & Income Protection

• Full-time employees working over 35
  hours per week AND Part-time employees
  working over 20 hours per week are
  eligible for all benefits




                    5
                                                      Eligible Dependents

Who can you cover?
  •   Your legal spouse

  •   Your unmarried children (biological, adopted or step-children) until the end of the month
      they attain age 26

  •   Other unmarried children who live with you in a parent-child relationship and for whom
      you have legal guardianship. (Same age guidelines apply as above)

  •   Your unmarried children age 26 or older who are certified by BlueCross to be disabled
      due to mental or physical disability and who are dependent on you for financial support
      (the disability must be certified prior to age 26)


       NOTE: If both you and your spouse work for Dresser-Rand, the plan does not allow
      “double coverage”. Only one of you may choose coverage for your eligible children.
      And if you choose an enrollment category that covers your spouse, your spouse will not
      be eligible to also choose duplicative coverage under any Company-sponsored Plan or
      program.

                                                6
                      Medical Benefit Choices


Medical Options
  • MedicalPlus - A Consumer Directed Health Plan
    with a Preferred Provider network

  • PPO – Preferred Provider Option




                       7
                                              MedicalPlus

MedicalPlus utilizes a PPO network of providers
   • Choice of physicians and hospitals
   • BlueCross BlueShield offers the largest PPO network in the
     United States
   • Higher level of benefits using BCBS network providers
   • No claim forms to file when using network providers
   • Lower claim costs through negotiated network
   • Prescription Coverage through Caremark
   • Health Savings Account contribution




                                8
                                                         MedicalPlus

In-Network Benefits
   • $2,500 Individual or $5,000 Family Deductible
      (combined medical and prescription claims)
      – 10% Coinsurance (Plan pays 90%)

      – After the purchase of two 30-day refills for any maintenance medication
        at retail pharmacies, all future refills for those prescriptions must be
        filled through the Caremark mail order service

   • Annual Out-of-Pocket Maximum
     (including deductible)
      – $3,000 individual or $6,000 family

   • Wellness Benefits and Well Baby Benefits based on Preventive
     Services Task Force Guidelines (100% coverage, deductible
     does not apply, no maximum)

                                       9
                                             MedicalPlus

Out-of-Network Benefits
  • $3,000 Individual or $6,000 Family Deductible
     (combined medical and prescription claims)
     – 30% Coinsurance Medical (Plan pays 70%)
     – 35% Coinsurance Rx (Plan pays 65%)
  • Annual Out-of-Pocket Maximum
    (including deductible)
     – $5,000 individual or $10,000 family
  • No Wellness Benefits
  • “Reasonable & Customary” applies
                               10
                             MedicalPlus – Prescriptions
                                              Caremark

In-Network
• $2,500 Individual or $5,000 Family Deductible
   (combined medical and prescription claims)
   – 10% Coinsurance (Plan pays 90%)

   – After the purchase of two 30-day refills for any maintenance
     medication at retail pharmacies, all future refills for those
     prescriptions must be filled through the Caremark mail order
     service

• Annual Out-of-Pocket Maximum
  (including deductible)
   – $3,000 individual or $6,000 family


                                11
                       MedicalPlus – Prescriptions
                                        Caremark

Out-of-Network Benefits
  • You pay the full, undiscounted cost at the
    pharmacy and must submit a paper claim form
  • You are eligible for up to 65% reimbursement
  • No prescription drug out-of-pocket maximum




                         12
                                           MedicalPlus
                                Health Savings Account
Health Savings Account (HSA)
• Tax-free spending account for qualified medical/ prescription
  drug, dental, vision, health club membership (with a doctor’s
  certification), and exercise equipment (with a doctor’s
  certification)
• Access funds using a debit card or checkbook
• Gives you more control of money spent on health care
• Dresser-Rand will contribute to every participant’s HSA (FSA if
  Medicare eligible)
• Employees can make additional tax-advantaged HSA
  contributions through payroll deduction(Up to IRS Limits)
• Over-the-counter medication is not reimbursable unless there is
  a doctor’s prescription for it
• Contributions are not “use-it or lose-it”!


                                 13
                                              MedicalPlus
                                   Health Savings Account

2011 Dresser-Rand Annual Contribution*

    Employee Only                 $1,000

    Employee + 1                  $1,500

    Family                        $2,000


*Company contributions deposited up front; prorated based on portion of
calendar year remaining.


                                    14
                                      MedicalPlus
                           Health Savings Account

2011 Optional Employee Contributions

   Employee Only   Up to an additional $2,050
                   ($3,050 if 55 Years Old by 12-31-2011)

   Employee + 1    Up to an additional $4,650
                   ($5,650 if 55 Years Old by 12-31-2011)

   Family          Up to an additional $4,150
                   ($5,150 if 55 Years Old by 12-31-2011)


                            15
                                         MedicalPlus
                              Health Savings Account
Further HSA information:
• Account must be activated – watch your mail for
  information from ACS/Mellon
• Interest Rate of 0.1% (as of 7-1-2009)
• Monthly fee of $2.25 for accounts with balances under $3,000
  (fee taken from account)
• Electronic statements are encouraged - $0.75 monthly fee for
  paper statements
• Once you have accumulated a balance of $1,500 or more,
  you can transfer excess balance into one of the Dreyfus
  mutual fund investment options
• You can visit www.HSAmember.com for more information

                               16
                                                     PPO
                          BlueCross BlueShield of Illinois

PPO utilizes same network as MedicalPlus
  • Choice of physicians and hospitals
  • BlueCross BlueShield offers the largest PPO network in the
    United States
  • Higher level of benefits using BCBS network providers
  • No claim forms to file when using network providers
  • Lower claim costs through negotiated network
  • Prescription Coverage through Caremark
  • No HSA Contribution




                              17
                                                       PPO
                            BlueCross BlueShield of Illinois
In-Network Benefits
   • $300 Individual or $700 Family Deductible
   • 20% Coinsurance (Plan pays 80%)
   • Annual Out-of-Pocket Maximum (including
     deductible)
      – $2,000 individual or $4,000 family
   • Wellness Benefits and Well Baby Benefits based
     on Preventive Services Task Force Guidelines
     (100% coverage, deductible does not apply, no
     maximum)

                                 18
                                                      PPO
                           BlueCross BlueShield of Illinois
Out-of-Network Benefits
  • $600 Individual or $1,400 Family Deductible
  • 40% Coinsurance (Plan pays 60%)
  • Annual Out-of-Pocket Maximum
     – $4,000 individual or $8,000 family
        (excluding out of network drugs)
  • No Wellness Benefits
  • “Reasonable & Customary” applies




                                19
                                            PPO – Prescriptions
                                                     Caremark
In-Network Benefits
   • No Deductible
   • Retail Benefit (up to a 30-day supply)
       –   $10 co-payment for Generic Prescriptions
       –   35% Coinsurance for Brand Prescriptions (Plan pays 65%)
       –   Per prescription maximum cost of $150
       –   After the purchase of two 30-day refills for any maintenance
           medication at retail pharmacies, all future refills for those
           prescriptions must be filled through the Caremark mail order
           service
   • Mail Order Benefit (up to a 90-day supply)
       – $20 co-payment for Generic Prescriptions
       – 25% Coinsurance for Brand Prescriptions (Plan pays 75%)
       – Per prescription maximum cost of $300
   • Annual Out-of-Pocket Limit $1,250 individual or $2,500
     family
                                       20
                            PPO – Prescriptions
                                     Caremark

Out-of-Network Benefits
  • You pay the full, undiscounted cost at the
    pharmacy and must submit a paper claim form
  • You are eligible for up to 65% reimbursement
  • No prescription drug out-of-pocket maximum




                       21
                                                       Medical
                                         Employee Contributions
2011 Monthly Employee Contributions
    MedicalPlus
          •   Employee Only   $ 19.40
          •   Employee + 1    $ 33.00
          •   Family          $ 46.40
    PPO
          •   Employee Only   $ 44.20
          •   Employee + 1    $ 82.40
          •   Family          $ 120.60

    NEW EMPLOYEES: Complete the online Health Risk Assessment and your 2011
      medical coverage contribution will be reduced by $6.00per month beginning the
      first of the month after your questionnaire is processed.

    PART-TIME EMPLOYEES: If you are a part-time employee scheduled to work at
      least 20 hours but less than 35 hours per week you are eligible for medical
      coverage at 150% of the monthly contribution rates stated here for full-time
      employees.



                                          22
                                         Preventive Care


Both medical options pay certain pediatric & adult
preventive care benefits

   • Preventive care services based on Preventive Services Task
     Force guidelines

   • Wellness screenings, routine exams, immunizations, etc. are
     Covered 100%, no annual limit, not subject to deductible




                               23
                                  Wellness Program
                               Blue Care Connection
Condition Management
Nurse health coach is assigned to help you:
     – Follow your doctor’s plan of care;
     – Understand how your medications work;
     – Determine necessary screenings and tests;
       and
     – Answer questions about the illness or
       condition.




                          24
                                         Wellness Program
                                      Blue Care Connection
The Condition Management program is available if you have
  been diagnosed with one or more of the following:
      –   Asthma;
      –   Congestive heart failure;
      –   Coronary artery disease;
      –   Chronic obstructive pulmonary disease (COPD);
      –   Diabetes;
      –   Hypertension;
      –   Hyperlipidemia; or
      –   Low back pain.

   Completely voluntary and confidential

                                 25
                                           Wellness Program
                                        Blue Care Connection
Personal Health Manager
Personalized Coaching Program in any or all of the following areas:
    –   Eating habits;
    –   Physical activity;
    –   Stress management;
    –   Tobacco cessation; or
    –   Weight management.

When you enroll you will be paired with a health professional
  who will develop a personalized coaching program with you
  through confidential, over-the-phone sessions

    Completely voluntary and confidential

                                   26
                                               Wellness Program
                                            Blue Care Connection
Health Risk Assessment
•   Online questionnaire that evaluates your health and gives you a
    detailed, confidential report with action steps to help you improve your
    health.

•   Receive a $6.00 discount on monthly medical contributions if you
    complete the Health Check and submit a Physician Form to Nationwide
    Better Health. Your discounted rate will begin the first of the month after
    your questionnaire is processed.

•   You will need to enter your personal biometric data
     – Blood pressure
     – Cholesterol and blood glucose levels
     – Body mass index

                                    27
     Completely voluntary and confidential
                                                          Wellness Program
                                                       Blue Care Connection
Nurse Line
Provides immediate telephone access to registered nurses for
   health care information, advice and medical guidance for you and
   your family.

Available 24/7
• Answer your questions about symptoms and health-related topics
• Help you decide how and where to get the care you need
• Help you determine what questions to ask your doctor before an
  appointment.

Not a substitute for your regular physician, health care specialist or routine preventive exams. In
    the event of a medical emergency, seek immediate medical attention from the nearest
    emergency facility or call 911.
                                                     28
     Completely voluntary and confidential
                                                Wellness Program
                                                     BCBS Illinois
Healthy Expectations
Offers support for expectant mothers

Helps you understand the active role you can take to give your baby
  the greatest chance of being born strong and healthy by
  providing:
    –   Educational material specific to your needs
    –   Access to a 24/7, toll-free BabyLine staffed by maternity nurses
    –   E-mail newsletters
    –   An online health information library

The first step is to call the number on the back of your BCBS ID card

    Completely voluntary and confidential
                                        29
                                                               Dental
                                          BlueCross BlueShield Illinois

Deductible
•   Preventive Services                             None
•   Basic, Major & Orthodontic            $25 individual/$75 family

Coinsurance
•   Preventive Services                              100%
•   Basic Services                                    80%
•   Major Services                                    50%
•   Orthodontic Services                              50%

Maximum Coverage
•   Dentistry                             $1,200 per person annual
•   Orthodontics*                         $1,200 lifetime maximum

Preventive Services DO NOT count toward annual maximum

* Note: Orthodontic coverage provided for eligible dependent children up to age 19

                                            30
                                                               Dental
                                          BlueCross BlueShield Illinois

Preventive Services
    •   Oral examinations
    •   Routine scaling and polishing
    •   Routine bitewing x-rays
    •   Fluoride treatments (children through age 18)
    •   Sealants (children through age 15)

Basic Services
    •   Fillings and Extractions
    •   Stainless steel crowns
    •   Relining of dentures
    •   Repair of crowns, bridges, and removable dentures

Major and Restorative Services
    •   Inlays, onlays, and crowns (other than temporary crowns or stainless steel)
    •   Full mouth rehabilitation

Preventive Services DO NOT count toward annual maximum

                                            31
                                        Dental
                        Employee Contributions
2011 Monthly Employee Contributions

    • Employee Only   $25.00
    • Employee + 1    $51.00
    • Family          $76.00




                        32
                                                       Vision
                                                        VSP
               Voluntary Vision Program

• Benefits provided by Vision Service Plan (VSP) –
  Largest vision care provider in the US with over 50 years
  experience
• Plan provides vision benefits each year
   – 2 pairs of frames and lenses; or
   – 1 pair of frames and lenses plus contact lenses




                                  33
                                                                Vision
                                                                 VSP
                 Voluntary Vision Program

In-Network Benefits

•   $10 co-payment for vision exams
•   $150 allowance for eyeglass frames
•   $10 co-payment for eyeglass lenses
•   Progressive & photochromic lenses & tints covered in full
•   $150 allowance for daily wear contact lenses




                                    34
                                                  Vision
                                                   VSP
            Voluntary Vision Program

Out-of-Network Benefits

•   Up to $45 for vision exams
•   Up to $47 for eyeglass frames
•   Up to $45 for single vision eyeglass lenses
•   Up to $65 for bifocal eyeglass lenses
•   Up to $85 for trifocal eyeglass lenses
•   Up to $125 for lenticular eyeglass lenses
•   Up to $105 for daily wear contact lenses

                               35
                                          Vision
                          Employee Contributions
2011 Monthly Employee Contributions

      • Employee Only   $13.55
      • Employee + 1    $27.13
      • Family          $43.66




                           36
                                       Maintenance of Benefits


• If you or your dependents are covered under more than one
  medical or dental plan
   – Plans work together to coordinate benefits

• BCBS will maintain the level of benefit based on the plan you
  choose
   – The allowable expense is limited to the amount the BCBS plan
     would have paid if there were no other medical or dental benefit
     coverage in effect

• This is called Maintenance of Benefits


                                  37
                          Flexible Spending Accounts
                                               (FSA)

• Full Use Healthcare Flexible Spending Account
  (for PPO Enrollees)

• Limited Use Healthcare Flexible Spending
  Account
  (for MedicalPlus Enrollees)

• Dependent Care Flexible Spending Account –
  daycare expenses only
Important Reminder: These are “USE IT or LOSE IT” plans
                          38
                                        Full Use Healthcare FSA
                                              (PPO Participants)

• Use tax-free contributions to pay for medically necessary, non-
  covered medical, prescription drug, dental and vision care
  expenses:
    –   All healthcare deductibles and coinsurance amounts
    –   Eyeglasses, contact lenses
    –   Health club membership (with a doctor’s note)
    –   Exercise equipment (with a doctor’s note)
• You may contribute from $100 to $5,000 per year
• Debit card to access account
• Paper claims will be required for claims not submitted using
  debit card or the online claims submission process
• Cannot be used with an HSA
Important Reminders: This is a “USE IT or LOSE IT” plan
Over-the-counter medicine must have a doctor’s prescription
 in order to qualify for reimbursement.
                               39
                             Limited Use Healthcare FSA
                                    For HSA Participants

• Limited Use FSA coordinated with HSA
• Use tax-free contributions to pay for non-covered
  health (dental and vision) expenses:
   – Dental and vision deductibles, coinsurance amounts
     and other expenses
   – NO medical/prescription drug expenses covered by the
     Plan are allowed (must use your HSA)
• You may contribute from $100 to $5,000 per year
• Debit card to access account
• Paper claims will be required for claims not submitted
  using debit card or the online claims submission process

Important Reminder: This is a “USE IT or LOSE IT” plan
                              40
                                         Dependent Care FSA

• Use tax-free contributions to pay for day care
  expenses for:
   – Children (up to age 13)
   – Elderly parents
• Not for your dependent’s non-covered
  healthcare!
• If married, both you and your spouse must work
  outside the home
• You may contribute from $100 to $5,000 per year*
• You can elect direct deposit for your reimbursements

* Employees classified as Highly Compensated will be limited to $4,000
   per year.

                             a
Important Reminder: This is 41 “USE IT or LOSE IT” plan
                         Employee Assistance Program



• Company-provided benefit
• Free confidential counseling for employees &
dependents
   Depression and anxiety*        Stress*
   Relationships*                 Work/life balance*
   Addictions and abuse*          Financial services
   Legal consultation             Grief and loss*
* Up to 8 company-paid sessions, per issue, per
  year, per family member


                             42
                                      Life Benefits


• Dresser-Rand provides employees with:
  – $50,000 of Basic Life Insurance
  – $50,000 of Basic AD&D


• Employees can purchase additional:
  – Optional Life Insurance for self & dependents
  – Voluntary AD&D Insurance for self &
    dependents


                        43
                          Optional Life Insurance
                                        Employee

• Employee Optional Life

  – $25,000 increments, up to $500,000
  – Evidence of Insurability (EOI) required for
    amounts elected over $250,000
  – EOI required for increases after initial election




                          44
                              Optional Life Insurance
                                         Dependents
• Spouse Life
   – $25,000 increments, up to $250,000 or 50% of
     employee amount, (combined basic and optional)
     whichever is less
   – Employee must elect Optional Life in order to elect
     Spouse Life
   – Evidence of Insurability (EOI) required for amounts
     elected over $25,000
• Child(ren) Life
   – If elected, each child will have $10,000 of Life
     Insurance
   – Employee must elect Optional Life in order to elect
     Child Life

                              45
                                Optional Life Insurance
                                                  Rates
• Employee and Spouse Rates are Based on
  – Age
  – Tobacco or Non-Tobacco use status
     • Tobacco products include cigarettes, pipes, cigars, snuff
       and chewing tobacco
  – Rate sheet will be included in enrollment packets
    and are available on the Dresser-Rand benefits
    website: (www.dresser-rand.com/benefits)



                               46
                       Employee & Spouse Optional Life
                      Monthly rate per $1,000 of coverage


Age     Non-Tobacco User        Tobacco User
<25     $0.051                  $0.087
25-29   $0.069                  $0.110
30-34   $0.086                  $0.143
35-39   $0.094                  $0.154
40-44   $0.111                  $0.176
45-49   $0.162                  $0.264
50-54   $0.249                  $0.408
55-59   $0.471                  $0.760
60-64   $0.720                  $1.157
65-69   $1.389                  $2.226
70-74   $2.255                  $3.610
75+     $3.661   47             $5.873
                              Voluntary AD&D Insurance
                                     Employee or Family

Can elect Employee or Family coverage
• Employee
   – $25,000 increments, up to $500,000
• Family (Benefit based on Family members)
   – Spouse only
      • 60% of employee coverage
   – Child(ren) only
      • Each child, 15% of employee coverage
   – Spouse and Child(ren)
      • Spouse, 50% of employee coverage
      • Each child, 10% of employee coverage
                             48
                      Voluntary AD&D Insurance
                            Employee or Family




2011 Monthly Employee Contribution Rates
  – Employee only   $0.025 per $1,000
  – Family          $0.040 per $1,000




                      49
                                            Business Travel
                                          Accident Insurance

• Dresser-Rand provides you with:
  –   4 x current base salary
  –   Minimum benefit is $100,000
  –   Maximum benefit is $1,000,000
  –   Covers you for death/dismemberment while
      traveling on Company business
      Note: If a common accident results in the death or
      dismemberment of more than one covered person, the
      maximum benefit paid to all covered people is $5,000,000


                                50
                        International Travel Benefits


• Cigna Medical Benefits Abroad (MBA)
  – Provides access to medical care when
    traveling outside the U. S. on business
• International Assistance
  – Provides assistance with medical, personal,
    travel, security issues and legal problems on
    international business trips or assignments
    outside the U.S.


                         51
                                    Legal Benefits


• Voluntary
• Access to a network of over 10,000 attorneys
• Services include:
   –   Document Preparation
   –   Family Law
   –   Real Estate Matters
   –   Wills and Estate Planning
   –   Traffic Matters
• Employee cost = $15.75 per month
• Access @ www.legalplans.com

                               52
                            Disability Benefits


• Short-Term Disability (pay continuation)
• Long-Term Disability




                      53
                             Short-Term Disability
                               (Pay Continuation)

• Dresser-Rand provides you with
  replacement income if you are determined
  to be disabled for a non work-related injury
  or illness.
  – 12 weeks at 100% of base pay (40 hrs / wk)
  – 14 weeks at 60% of base pay (40 hrs / wk)




                       54
                             Long-Term Disability


• If you remain totally disabled after the STD
  period expires (26 weeks), you may be
  eligible for coverage in the LTD program
• Employees eligible to continue fringe
  benefits for 36 months at current active
  rate
• LTD Benefit includes:
  – A monthly basic benefit equal to 40% of your
    Dresser-Rand base earnings

                        55
                             Long-Term Disability
                                 Buy-up Options

• You can purchase Voluntary LTD
  coverage for a total monthly benefit of:

  – 50% (10% optional buy-up), or
  – 60% (20% optional buy-up) of your base
    earnings




                       56
                                    Long-Term Disability
                                        Buy-up Options

Monthly Employee Contributions

  • 50% (10% Buy-up) option        $.135 per $100 of benefit
  • 60% (20% Buy-up) option        $.325 per $100 of benefit




                              57
                                       Enrollment



• Enroll at www.dresser-rand.com/benefits from any
  computer with Internet access




                          58
                                                      Vacation & Holidays

• Vacations to each employee who has accumulated seniority
• Vacation calculation based on employee’s base rate of pay


                  Years of Service                      Vacation Level

           6 months but less than 8 years             80 hours = 2 weeks

            8 years but less than 15 years            120 hours – 3 weeks

           15 years but less than 25 years            160 hours – 4 weeks

        25 years of more of continuous service        200 hours – 5 weeks




• Dresser-Rand provides 10 holidays each year


                                                 59
                                             Pension Plan


I.A.M. National Pension Fund
• Dresser-Rand will contribute to the I.A.M.
  National Pension Fund as outlined in the
  collective bargaining agreement
• Contribution is $1.15 per hour worked, limited
  to forty (40) hours per week*
• Contributions begin after 60 calendar days
*contribution will increase to $1.25 per hour worked
  effective 8/15/2011 and for the duration of the contract.
                              60
                                       Pension Plan



Sources of Information
• If you have any questions regarding your
  plan benefits please contact the following
  Retirement Team Members:
• Darlene Pfeiffer – Pension Analyst (716) 375-3704
• Michele Benjamin – Pension Analyst (716) 375-4317
• Email – retirementben@dresser-rand.com


                          61
                                    Retirement Savings Plan

Eligibility
   • As a bargaining unit employee of Dresser-Rand, you are eligible to
     participate in the Dresser-Rand Company Retirement 401(k) Plan,
     as soon as administratively practicable following your hire or rehire
     date
Benefits Available Under the Plan
   • The Plan allows you to tax deferred a portion of your eligible
     compensation
   • A Catch-Up feature, for those age 50 or greater by year end, allows
     you to save additional amounts
   • Loans and In-Service Withdrawals are available on a limited basis
Plan Recordkeeper - Fidelity
   • For general assistance or enrollment contact Fidelity Retirement
     Service Center (1-800-835-5097) or visit www.401k.com

                                      62
                                       Retirement Savings Plan


Your Savings

Elective Deferrals and   You may elect to defer between 1% and 75% of
IRS Annual Limits        eligible pay into the Plan.
                         However, you may not exceed the applicable annual
                         IRS limits below:
                         • The 2011 Elective Deferral limit is $16,500
                         • The 2011 Catch-Up Deferral limit is $5,500
                             (Catch-Up Deferrals are only available to Participants
                             age 50 or older)


Vesting Schedule for     You are always 100% vested in your contributions and
Elective Deferrals       their earnings.


                                          63
                                Retirement Savings Plan

Fidelity can assist you if you want to:
•   Enroll in the Plan
•   Change Your Investment Election
•   Change Your Paycheck Deferral Election
•   Request a Loan
•   Request an In-Service Withdrawal, and Loan Address Changes
•   Roll Over Another Plan’s Balance into this Plan




                                 64
                           Retirement Savings Plan

Enrollment is easy…
• Within 10 days of your hire date with Dresser-Rand
  you will receive a packet mailed to your home from
  Fidelity with instructions to enroll in the Plan.
• After you receive the enrollment packet, you can
  enroll via the internet or by telephone.
• If you have not received your enrollment packet 10
  days after your start date, please contact Steve
  Rehler at (716) 375-3559.



                            65
                              Retirement Savings Plan

 For more information:

Fidelity Retirement Service        1-800-835-5097
Center
Fidelity Web Access                www.401k.com
Retirement Benefits Department
     Plan Administrator: Steve Rehler
                Phone: 716-375-3559
                E-mail: retirementben@dresser-rand.com


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                          Questions



If you have any questions, contact
  your local Human Resources
  Representative.




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