Chevron Retirement Restoration Plan (RRP)

Chevron offers its executives who are at PSG 26 or higher a non-qualified payment called Retirement Restoration Plan (RRP). The RRP can be taken in different ways – either as a lump sum or in annual payments over up to ten years – this election must be made when you first enroll. If you do not chose any option at the time you first became eligible, you are assigned the lump sum option by default.