Description of PMD Retiree Medical Program for The Goldman Sachs Group, Inc.
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Summary
This document outlines the Retiree Medical Program for Participating Managing Directors (PMDs) of The Goldman Sachs Group, Inc. PMDs who retire after at least eight years of service are eligible for medical coverage for themselves and their eligible dependents, with the Company subsidizing 75% of the cost. Eligibility may be lost if the retiree engages in misconduct or fails to meet obligations under any agreement with the Company.
EX-10.2 3 y51267exv10w2.htm EX-10.2: DESCRIPTION OF PMD RETIREE MEDICAL PROGRAM EX-10.2
EXHIBIT 10.2
Description of PMD Retiree Medical Program
Participating Managing Directors (“PMDs”) of The Goldman Sachs Group, Inc. (the “Company”) who retire with eight or more years of service as a PMD are eligible to receive Retiree Medical Program coverage for themselves and eligible dependents through the Company at a 75% subsidy (with certain exceptions, such as if the PMD engages in conduct constituting “cause” or does not meet his or her obligations under an agreement with the Company).
