Retiring from CF

Preparing to Retire

Congratulations on preparing for your golden years! Here are the key steps to take before you retire:

• 30–90 days before your planned retirement date:
  • Notify your supervisor and Human Resources representative.
  • Contact the CF Industries Pension Center at 866-234-9977 to begin the retirement process and request your retirement application.
    • For example, if you want to begin your retirement benefits on June 1, you must request your retirement application materials by May 1. If timing delays occur, you will be eligible for pension benefits paid retroactively to your retirement effective date.

• The 401(k) Plan offers a variety of distribution options when you retire. To apply for a distribution, log in to netbenefits.com or call Fidelity​ at 800-835-5095.
• Medical, Dental and Vision Coverage:
  • This coverage ends on your last day of work.
  • In most cases, coverage can be continued under COBRA for up to 18 months or in some instances coverage may be continued for up to 36 months.
  • If you are Medicare eligible, please remember to timely enroll in Medicare to avoid lately enrollment penalties. Contact Medicare for more information on enrollment deadlines.
• Flexible Spending Accounts (FSA):
  • Your participation in the Health Care or Dependent Care FSA ends on your last day of employment
  • You have 90 days from your last day of employment to submit eligible claims for reimbursement via netbenefits.com
  • You may be eligible to continue participation in the Health Case FSA through COBRA
• Disability and Life Insurance:
  • Short-Term and Long-Term Disability ends on your last day of employment
  • Basic and Supplemental Life and Accidental Death and Dismemberment (AD&D) Insurance ends on your last day of employment.
  • You may be able to transition your life insurance coverage to an individual policy. Contact New York Life at 888-737-3855 for more information.
• 401(k) Plan
  • To request a distribution or rollover to another qualified plan log in to netbenefits.com or call Fidelity at 800-835-5095.
  • If the vested value in your account is $1,000 or less when you leave, you may not leave it in the Plan. If you do not elect a distribution, your total vested balance will be paid to you within 90 days after your employment ends.
  • If the vested value in your account is more than $1,000 but less than or equal to $5,000 when you leave, you may not leave it in the Plan. If you do not elect a distribution, your total vested account balance will be rolled to a Fidelity Individual Retirement Account (IRA) within 90 days after your employment ends. Your account will be invested in the Fidelity Treasury Only Money Market Fund.
  • If the vested value in your account is more than $5,000, you may request a distribution or leave it in the Plan. If you leave the vested value in the Plan, the IRS requires for you to receive minimum distribution payments no later than April 1 following the calendar year in which you reach age 70½.
• Other Benefits
  • Tuition Reimbursement ends on your last day of work. If you leave CF within 12 months of receiving tuition reimbursement, you are required to repay the full amount within 30 days of your departure.
  • You may continue to use the EAP, if necessary, for up to three months after leaving CF Industries.
• Paid Time Off (PTO)
  • Any unused Carry-over PTO balance will be paid out in full upon termination of employment or retirement.
  • If your employment ends for any reason other than retirement, you will receive a prorated portion of your current year’s PTO entitlement, minus any PTO already used.
  • If you meet retirement eligibility criteria, defined as being at least age 55 with a minimum of 5 years of service, your full, unused PTO balance for the current year will be paid out in a lump sum in the next available payroll following your retirement date.
• Pay Slips and Tax Documents
  • You may access Workday for up to three years following your exit from the company to view and print your pay slips, as well as ADP self-service for important tax documents that you may need to reference later.