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ENTERGY CORPORATIONRETIREMENT PLANfor Non-Bargaining EmployeesSummary Plan DescriptionEffective July 1, 2021
This Summary Plan Description summarizes and explains in plain language key provisions of the Entergy CorporationRetirement Plan for Non-Bargaining Employees, as amended through June 30, 2021 (the “Plan”) and the benefits providedpursuant to the Plan for certain non-bargaining employees of the Participating Companies.The Plan itself is more comprehensive and is written in more technical language to comply with federal law.If you have any questions that this Summary Plan Description does not answer, you should read the Plan itself or contactthe Plan Administrator. See Section 16, ERISA Rights, beginning on page 61 regarding how you can get a copy or inspectthe Plan document. REMEMBER THAT THE PLAN ITSELF, AND NOT THE SUMMARY PLAN DESCRIPTION, IS WHATALWAYS CONTROLS YOUR BENEFITS.The following information concerning the Plan is very important to you as a Plan Participant:Plan Name:Entergy Corporation Retirement Plan forNon-Bargaining EmployeesPlan Sponsor:Entergy CorporationCorporate Address:639 Loyola Avenue New Orleans, LA 70113Employer I.D. No.:72-1229752Plan Administrator:Employee Benefits Committeec/o Entergy Corporation639 Loyola AvenueNew Orleans, LA 70113504-576-4000Trustee:JP Morgan Chase Bank, N. A.One Chase Manhattan PlazaNew York, NY 10015Company:Any System Company that adopts the Entergy Corporation Retirement Plan forNon-Bargaining EmployeesLegal Agent:The person designated as the agent for service of legal process is the:SecretaryEntergy Corporation639 Loyola AvenueNew Orleans, LA 70113Legal process may also be made upon the Trustees or the Plan Administrator.Plan Year:January 1 through December 31Plan Number:004Participating Company:Any System Company that adopts the Entergy Corporation Retirement Plan forNon-Bargaining Employees. A complete list of the Participating Companies is available bycalling the Entergy Pension Resource Center at 1-855-523-3772 (toll free).System Company:Entergy Corporation, any corporation 80 percent or more of whose stock (based on votingpower or value) is owned, directly or indirectly, by Entergy Corporation, and any partnershipor trade or business which is 80 percent or more controlled, directly or indirectly, by EntergyCorporation.i
Table of ContentsSection 1: Introduction . 1Section 2: Entering the Plan. 3Who Is Eligible . 3When You Join the Plan . 3Section 3: Service . 4Benefit Service . 4Vesting Service . 4Service If You Become Disabled. 5Break in Service . 5Leave of Absence Rules. 6Section 4: Transfers & Reemployment . 7Transfer from Covered Employment . 7Transfer to Covered Employment . 7Section 5: When You Can Retire . 8Normal Retirement Date . 8Early Retirement Date . 8Deferred Retirement Date. 8Section 6: How Your Pension is Calculated . 9Normal Retirement Pension. 9Early Retirement Pension . 10Deferred Retirement Pension . 11Terminated Vested Pension . 12Deferring Commencement of Your Pension . 13Grandfathered Benefits . 13Service under Prior Employer’s Plan. 14Earnings. 14Suspension of Benefits . 15Section 7: How Your Pension Will Be Paid . 17Normal Payment Method . 17Spousal Consent Requirements . 17Optional Payment Methods . 18Small Amount Lump-Sum Payments . 20Limited Termination Commencement Period . 21How to Commence Your Pension . 23When Your Pension Will Be Paid . 26Section 8: Survivor Benefits. 27Pre-Retirement Spouse’s Death Benefit. 27Commencement at Normal Retirement Date. 27Commencement at Early Retirement Date . 27If Death Occurs After Early Retirement Eligibility. 28Commencement During Applicable LTC Period . 28ii
Payment of the Pre-Retirement Spouse’s Death Benefit . 28Section 9: Grandfathered Benefits and Options for Gulf States Utilities Company Employees’ TrusteedRetirement Plan Participants . 29Normal Retirement Pension. 29Early Retirement Pension . 30Vested Pension . 30Disability Retirement Benefits . 31Pop-Up Provision . 32Section 10: Special Provisions For Article XXII Participants . 33Normal Retirement Pension – Your Article XXII Accruals . 33Early Commencement of Your Article XXII Accruals . 35Disability Retirement Benefits . 39Optional Forms of Payment . 39Survivor Benefits . 42Section 11: Special Provisions for Article XXIII Participants . 44Normal Retirement Pension – Your Article XXIII Accruals . 44Early Commencement of Your Article XXIII Accruals . 45Commencement of Your Early Retirement Pension . 46Commencement of Your Terminated Vested Pension . 46Commencement during the Applicable LTC Period . 47Deferred Commencement of Your Article XXIII Accruals . 47Optional Forms of Payment . 47Survivor Benefits . 49Section 12: Claims for Benefits . 50Requesting Benefits . 50If a Request Is Denied – Non-Disability Claims . 50Additional Procedures for Disability Claims . 51Special Timing Rules for Disability Claims . 51Denial of Disability Claim . 52Appeal Following Denial of Disability Claim . 53Final Authority of Claims Appeal Administrator . 53Mailing Address for All Claims and Appeals . 54Importance of Exhausting Administrative Remedies. 54Time to File Suit . 54Section 13: Plan Insurance. 55Section 14: Loss of Benefits . 56Section 15: Other Provisions . 58Post-Retirement Medical Benefits . 58Plan Amendment or Termination . 58Assignment of Benefits . 58Employment Rights . 58Guarantees under the Plan. 58Mergers, Consolidations or Transfers . 59iii
Maximum Retirement Benefits . 59Top-Heavy Provisions . 59Right to Recover Excess Payments . 59Duty to Furnish Information and Documents . 59Plan Cost and Trust Fund . 59Plan Sponsor and Plan Administrator . 60Administration Agent . 60Section 16: ERlSA Rights . 61ERISA Rights . 61Conflict with the Plan and/or Trust . 62iv
1Section 1: IntroductionThis booklet summarizes and explains in plain language the key provisions of the Entergy Corporation Retirement Planfor Non-Bargaining Employees, as amended through June 30, 2021 (the “Plan”) and describes how the Plan operates.Whenever this Summary Plan Description refers to “the Plan,” the reference is to the Entergy Corporation RetirementPlan for Non-Bargaining Employees. References in lower case to “the plan” mean a different plan.In addition, this Summary Plan Description explains the determination of benefits under the Plan on or after July 1, 2021.If you stopped working as an eligible non-bargaining employee for a Participating Company before July 1, 2021 and donot return to employment as an eligible non-bargaining employee of a System Company employer, the provisions of thePlan in effect at the time you stopped working will apply for the determination of your benefit. Those provisions aredescribed in the Summary Plan Description, including any Summaries of Material Modifications, in effect at the time youractive participation in the Plan ended.Certain groups of employees have special grandfathered benefits, including minimum benefit provisions or certain specialbenefits, rights and features. Those employees were previously provided with Summary Plan Descriptions describing theprovisions applicable to their group. Please refer to “Grandfathered Benefits” on page 13 of this Summary Plan Descriptionor call the Entergy Pension Resource Center (“EPRC”) to determine if you belong to a group of employees that is entitledto a grandfathered benefit. In addition, a small group of Participants, referred to in this Summary Plan Description asArticle XXII or Article XXIII Participants, are entitled to certain special benefits, rights and features, described in Sections10 and 11, with respect to a portion of their benefits under the Plan. These Article XXII and Article XXIII Participants arenamed in the Plan as part of a Compliance Statement received from the Internal Revenue Service (“IRS”). All Article XXIIand Article XXIII Participants were previously notified of their designation in the Plan as an Article XXII Participant or anArticle XXIII Participant, as applicable, and were provided with information regarding these special benefits, rights andfeatures.If there is an inconsistency or conflict between this Summary Plan Description and the formal Plan document, or anyomission from or ambiguity in the terms of the Summary Plan Description, the Plan document will control.Here are some highlights of the Plan:§You are not required to contribute to the Plan in order to participate.§You are 100% vested in your benefit under the Plan after five years of Vesting Service with any SystemCompany or, if earlier, at the time you attain age 65 while employed by a System Company.§Your pension usually begins when you attain age 65, but you may begin receiving a reduced pension as earlyas age 55 (or in some cases, as early as age 50 with respect to certain frozen grandfathered benefits).§If you terminate employment with all System Companies after December 31, 2017 you may elect to beginreceiving a reduced pension on a commencement date that is within the Limited Termination CommencementPeriod that applies to you (“ Applicable LTC Period “) which may be earlier than age 55. You may also elect tohave your pension paid as a lump sum, if your termination occurs after December 31, 2017 and yourcommencement date is during your Applicable LTC Period. Your Applicable LTC Period extends from the dayafter your termination of employment to the 1st day of the 12th month following the first day of the calendarmonth immediately following your termination date. See “Limited Termination Commencement Period” inSection 7.1
2§Your spouse will receive a part of your pension if you die after you are vested and before pension paymentscommence, even if you no longer work for a Participating Company. Benefits available to your spouse afterpension payments commence will depend on the form of payment you selected for your pension at the timeyou commenced pension payments. In accordance with federal law, your “spouse” for all Plan purposes isdefined as the person to whom you are lawfully married under applicable law.If you have any questions about the Plan, please contact the EPRC for more information.ResourcesWhen you have questions or need assistance, you can contact the EPRC in one of the following ways:ResourceHow to ContactEntergy PensionResource ct the EntergyPension ResourceCenter when:PhoneYou have questionsabout your benefits.For the hearing impaired, TDD: Contact your local telephone service provider whowill contact the EPRC to assist with communication.You want to apply tocommence yourpension.Fax1-855-523-37721-847-554-1792MailU.S MailEntergy Pension Resource CenterDept 03207PO Box 64117The Woodlands TX 77387-4117Overnight MailEntergy Pension Resource CenterDept 032078770 New Trails DriveThe Woodlands TX 773812
3Section 2: Entering the PlanWho Is EligibleYou are eligible to participate in the Plan if you meet all of the following requirements:§You are employed by a Participating Company,§You are not covered by a collective bargaining agreement,§Your most recent date of hire or rehire into System Company employment was prior to July 1, 2014, and§Prior to July 1, 2014, you were not excluded from participation in every System Company defined benefit plan.Effective July 1, 2019, you will also be eligible to participate in the Plan if you are an Affected Plan III Employee. You arean Affected Plan III Employee if while you were a participant in Entergy Corporation Retirement Plan III (“Plan III”) youtransferred on or after March 1, 2019 from a position as an Employee of a System Company at Indian Point NuclearGenerating Unit 2 or Indian Point Nuclear Generating Unit 3 (collectively, "IPEC") to a position as a non-bargainingEmployee of a Participating Company at a work location other than IPEC. Your eligibility to participate in the Plan willbegin as of the date of your transfer, provided you meet the other requirements for eligibility, but not prior to July 1, 2019.You are not eligible to participate in the Plan if you are classified by a System Company as a leased employee, independentcontractor or consultant, even if you are in fact a common-law employee of a System Company.You are not eligible to accrue benefits under this Plan while you are accruing benefits under any other System Companydefined benefit plan, or if you are a “Retirement Contribution Eligible Employee” under the Savings Plan of EntergyCorporation and Subsidiaries VI or a “Defined Company Contribution Eligible Employee” under the Savings Plan of EntergyCorporation and Subsidiaries VII. You also are not eligible to participate in this Plan if you are eligible to participate in theSavings Plan of Entergy Corporation and Subsidiaries VIII or the Savings Plan of Entergy Corporation and Subsidiaries IX.When You Join the PlanYou are eligible to participate in the Plan on the later of the date you attain age 21 or the date you become an eligiblenon-bargaining employee.The terms “eligible employee” or “active Participant” as used in this Summary Plan Description mean an employee whocontinues to meet the eligibility requirements for participation in the Plan set forth above.3
4Section 3: ServiceBenefit ServiceBenefit Service is used to calculate your pension and is generally equal to the period in which you are an active Participantin the Plan. Benefit Service is counted in years, months and days and is earned while you are eligible to participate in thePlan. For Plan purposes, Benefit Service is limited to 40 years. It starts from the date you become a Participant and endson the earlier of (i) the date you are no longer an eligible employee because you transfer to a position not eligible underthe Plan, or (ii) your last day of employment. For Benefit Service purposes, your last day of employment is the earlier of:§The date you quit, are discharged or retire from all Participating Companies, or§The first anniversary of the first day you are absent from active employment with all Participating Companiesfor any reason.Benefit Service may also include service you earned under a prior employer’s defined benefit plan. Please refer to thesections “Grandfathered Benefits” and “Service under Prior Employer’s Plan” beginning on page 13 of this Summary PlanDescription or call the EPRC to determine if this provision applies to you.Benefit Service is also governed by the Break in Service, leave of absence and transfer rules.Your Benefit Service will also include the period between your last day of employment and your rehire date if you arerehired by a Participating Company within 12 months of your last day of employment and the date of your rehire is priorto July 1, 2014.Benefit Service shall also include the period of an approved leave of absence of up to two years, to the extent not alreadyincluded in the above determination.Special rules apply if you were hired before July 1, 1976 and you were under age 30 at your date of hire, or if you werehired before 1985 and you were under age 25 at your date of hire.In addition, any period of service during which you failed to make a contribution required by this Plan, by another SystemCompany defined benefit plan, or by any prior plan in which you participated is excluded from Benefit Service.Vesting ServiceVesting Service determines whether you are entitled to a benefit under the Plan. Vesting Service is counted in years,months and days from your date of hire (or the date you reach age 18, if later) until your last day of employment with allSystem Companies. Vesting Service is also governed by the Break in Service, leave of absence and transfer rules. However,any period of service during which you failed to make a contribution required by this Plan, by another System Companydefined benefit plan, or by any prior plan in which you participated is excluded. You become vested in — that is, earn apermanent right to — your benefit under this Plan once you complete five years of Vesting Service with a System Company,or when you reach age 65 while employed by a System Company (whichever occurs first).For purposes of determining your Vesting Service, your last day of employment is the earlier of:§§The date you quit, are discharged or retire from System Company employment, orThe first anniversary of the first day you are absent from active employment with a System Company for anyreason.4
5Your Vesting Service will also include the period between your last day of employment and your rehire date if you arerehired by a System Company within 12 months of your last day of employment. Vesting Service shall also include theperiod of an approved leave of absence of up to two years, to the extent not already included in the above determination.Vesting Service may also include service you earned under a prior employer’s defined benefit plan. Vesting Service doesnot include service with a Reciprocating Company as described in Appendix G of Entergy Corporation Retirement Plan IIfor Non-Bargaining Employees or Entergy Corporation Retirement Plan IV for Bargaining Employees. Please refer to thesections “Grandfathered Benefits” and “Service under Prior Employer’s Plan” beginning on page 13 of this Summary PlanDescription or call the EPRC to determine if this provision applies to you.Service If You Become DisabledIf you become disabled while working as an eligible employee for a Participating Company, your service will be affectedby whether you are receiving long term disability (“LTD”) benefits under the Entergy Corporation Companies’ Benefits PlusLong Term Disability Plan or any other Participating Company-sponsored long-term disability plan (collectively referred toas the “LTD Plan”).If you are entitled to receive LTD benefits under the LTD Plan when you become permanently disabled, you may continueto earn Benefit Service and Vesting Service until the earliest of:§§§The date you commence your pension payments from the Plan,The last day of the month in which you cease to be eligible to receive an LTD benefit from the LTD Plan, orThe date you die.When you commence your pension, it will be based on all the Benefit Service (up to a maximum of 40 years) you earnedwhile you were an active employee and while you were receiving LTD Plan benefits from the LTD Plan.If you elect to receive the grandfathered Disability Retirement Benefit described in Section 9, you will not accrue BenefitService under the Plan during the period in which you are receiving Disability Retirement Benefits, regardless of whetheror not you are receiving benefits from the LTD Plan. If you are an Article XXII Participant, you should refer to Section 10.Break in ServiceIf you have a period of at least 12 consecutive months during which you are not paid or entitled to pay by a SystemCompany for an hour of service, you are considered to have a “Break in Service.” For purposes of determining whetheryou have a Break in Service, the 12 consecutive month period begins after the date that is treated as your last day ofemployment for determining Vesting Service. See the discussion under “Vesting Service” on page 4.If you return to work with a System Company after a Break in Service:§§Your prior Vesting Service and Benefit Service will be rest
Plan Name: Entergy Corporation Retirement Plan for Non-Bargaining Employees Plan Sponsor: Entergy Corporation Corporate Address: 639 Loyola Avenue New Orleans, LA 70113 Employer I.D. No.: 72-1229752 Plan Administrator: Employee Benefits Committee c/o Entergy Corporation 639 Loyola Avenue New Orleans, LA 70113 504-576-4000 Trustee: JP Morgan .
