The Sears Holdings Pension Plan

Sears Holdings Pension Plan was created from the merger of the Kmart Corporation Employee Pension Plan (frozen January 31, 1996) and the Sears Pension Plan (frozen December 31, 2005).

On January 30, 2008, the Kmart Corporation Employee Pension Plan and the Sears Pension Plan were merged to create the Sears Holdings Pension Plan.  Each plan was frozen prior to the merger:  the Kmart Corporation Employee Pension Plan on January 31, 1996, and the Sears Pension Plan on December 31, 2005.

For the purposes of vesting and eligibility for early retirement and certain forms of payment, active associates continue to earn service if they were participants in either plan as of the date each plan froze.  Service after the date each plan froze is not recognized for pension benefit accumulation.  Associates who were participating in the Kmart Corporation Employee Pension Plan as of the date the plan froze also continue to earn points toward reaching their “90 points.”  

Important Sears Holdings Pension Plan Notices

How to Receive a Pension Estimate or Start Your Pension Benefits

How to get a Pension Estimate

  1. Visit Pension Service Center
  2. First time users: log in using your social security number and password. If you have already established an account, key in your user ID and password.  If you don’t know know your password, select “Forgot Password?”
  3. Click on the tab “My Retirement“
  4. Under “Tools” select “Estimate My Pension”
  5. Select “Create a Single Scenario” or “Compare Scenarios”
  6. Select “Get Started”
  7. You’ll be prompted to enter your “Assumption” (expected termination/retirement date/age and other pertinent information).
  8. Review your benefit and payment options detailed on the “Pension Benefit Estimator”

Your benefit and payment options will be displayed on the screen with an option to print your calculations.

How to Start Your Pension

You may initiate your retirement up to 90 days before your retirement date. It is recommended that you initiate your retirement about 60-90 days prior to your retirement date to best ensure that your forms are properly completed and received by the Sears Holdings Pension Service Center in time for you to receive pension benefits as of your desired retirement date.

  1. Visit Pension Service Center
  2. Log in using your social security number (or user name) and Password.
  3. Click on the Tab ”My Retirement”
  4. Under “Tools” select “Initiate My Retirement”
  5. Select “Get Started”
  6. Enter your expected termination/retirement date and click on “Select"
  7. Complete Step 1: Indicate your retirement dates & beneficiary. Click on “Submit for Verification”
  8. Follow the prompts to initiate your retirement online.
  • Retirement forms will be mailed to your address of record, which will be displayed on the screen. If this is incorrect, you must update your address on  MPI - My Personal Information. Then request your retirement kit and it will be sent to your new address.
  • You will also need to notify your manager and/or your HR representative of your retirement date. Your pension benefit cannot be paid until after your retirement date is entered into the Sears Holdings HR system (PeopleSoft) and transmitted to the Sears Holdings Pension Service Center.

Important Documents Archive

The following documents are historical in nature; therefore, certain elements may be outdated.

Documents Archive:

Pension Plan Merger Notices Archive:

Annual Funding Notices Archive:

 

Contact Information

Pension Service Center Website

1-800-953-5390

Customer Service available: M-F 8am-8pm, except NYSE holidays