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.”
Determination Letter - Notices to Interested Parties - Sears Holdings Pension Plan (January 2014)
How to get a Pension Estimate
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.
The following documents are historical in nature; therefore, certain elements may be outdated.
Pension Service Center Website
Customer Service available: M-F 8am-8pm, except NYSE holidays