2011 Benefits Olean Bargaining Unit Employees

1. 2011 Benefits Olean Bargaining Unit Employees

2. This document is intended to be a high-level overview. The terms and conditions of the benefits described are determined solely by the summary plan descriptions (SPDs) or plan documents and summaries of material modifications of the Dresser-Rand Company Welfare Plan, Pension Plan for Employees of Dresser-Rand Company, Dresser-Rand Company Retirement 401(k) Plan. In the event of any inconsistent provisions, the language of the plan documents applies. As in the past, the Company reserves to itself, pursuant to its sole and exclusive discretion, the right to change, amend or terminate this Plan according to the terms of the applicable plan documents and subject to any collective bargaining agreements. Benefits described herein may not automatically apply to employees at all locations or employees covered under a labor agreement. Plan is subject to nondiscrimination rules that may reduce or limit the tax advantages of the plan for certain employees. Disclaimer

3. Dresser-Rand Benefits Enrollment Enrollment will be on-line Benefits website: www.dresser-rand.com/benefits Can review benefits information on website Can access online enrollment system by selecting: 2011 Benefits Enrollment

4. Dresser-Rand Benefit Programs Health Medical/Prescription Wellness Dental Vision Health Savings Account (HSA) Flexible Spending Accounts (FSAs) Employee Assistance Program (EAP) Income Protection Basic Life and AD&D Optional Life Voluntary AD&D Business Travel Benefits Voluntary Group Legal Disability Pension Plan 401K Overview

5. Full-time employees working over 35 hours per week AND Part-time employees working over 20 hours per week are eligible for all benefits EligibilityHealth & Income Protection

6. Who can you cover? Your legal spouse Your unmarried children (biological, adopted or step-children) until the end of the month they attain age 26 Other unmarried children who live with you in a parent-child relationship and for whom you have legal guardianship. (Same age guidelines apply as above) Your unmarried children age 26 or older who are certified byBlueCross to be disabled due to mental or physical disability and who are dependent on you for financial support (the disability must be certified prior to age 26) NOTE: If both you and your spouse work for Dresser-Rand, the plan does not allow “double coverage”. Only one of you may choose coverage for your eligible children. And if you choose an enrollment category that covers your spouse, your spouse will not be eligible to also choose duplicative coverage under any Company-sponsored Plan or program. Eligible Dependents

7. Medical Options MedicalPlus - A Consumer Directed Health Plan with a Preferred Provider network PPO – Preferred Provider Option Medical Benefit Choices

8. MedicalPlus utilizes a PPO network of providers Choice of physicians and hospitals BlueCross BlueShield offers the largest PPO network in the United States Higher level of benefits using BCBS network providers No claim forms to file when using network providers Lower claim costs through negotiated network Prescription Coverage through Caremark Health Savings Account contribution MedicalPlus

9. In-Network Benefits $2,500 Individual or $5,000 Family Deductible (combined medical and prescription claims) 10% Coinsurance (Plan pays 90%) After the purchase of two 30-day refills for any maintenance medication at retail pharmacies, all future refills for those prescriptions must be filled through the Caremark mail order service Annual Out-of-Pocket Maximum(including deductible) $3,000 individual or $6,000 family Wellness Benefits and Well Baby Benefits based on Preventive Services Task Force Guidelines (100% coverage, deductible does not apply, no maximum) MedicalPlus

10. Out-of-Network Benefits $3,000 Individual or $6,000 Family Deductible (combined medical and prescription claims) 30% Coinsurance Medical (Plan pays 70%) 35% Coinsurance Rx (Plan pays 65%) Annual Out-of-Pocket Maximum (including deductible) $5,000 individual or $10,000 family No Wellness Benefits “Reasonable & Customary” applies MedicalPlus

11. In-Network $2,500 Individual or $5,000 Family Deductible (combined medical and prescription claims) 10% Coinsurance (Plan pays 90%) After the purchase of two 30-day refills for any maintenance medication at retail pharmacies, all future refills for those prescriptions must be filled through the Caremark mail order service Annual Out-of-Pocket Maximum(including deductible) $3,000 individual or $6,000 family MedicalPlus – PrescriptionsCaremark

12. Out-of-Network Benefits You pay the full, undiscounted cost at the pharmacy and must submit a paper claim form You are eligible for up to 65% reimbursement No prescription drug out-of-pocket maximum MedicalPlus – PrescriptionsCaremark

13. Health Savings Account (HSA) Tax-free spending account for qualified medical/ prescription drug, dental, vision, health club membership (with a doctor’s certification), and exercise equipment (with a doctor’s certification) Access funds using a debit card or checkbook Gives you more control of money spent on health care Dresser-Rand will contribute to every participant’s HSA (FSA if Medicare eligible) Employees can make additional tax-advantaged HSA contributions through payroll deduction(Up to IRS Limits) Over-the-counter medication is not reimbursable unless there is a doctor’s prescription for it Contributions are not “use-it or lose-it”! MedicalPlusHealth Savings Account

14. 2011 Dresser-Rand Annual Contribution* Employee Only $1,000 Employee + 1 $1,500 Family $2,000 *Company contributions deposited up front; prorated based on portion of calendar year remaining. MedicalPlusHealth Savings Account

15. 2011 Optional Employee Contributions Employee Only Up to an additional $2,050 ($3,050 if 55 Years Old by 12-31-2011) Employee + 1 Up to an additional $4,650 ($5,650 if 55 Years Old by 12-31-2011) Family Up to an additional $4,150 ($5,150 if 55 Years Old by 12-31-2011) MedicalPlusHealth Savings Account

16. Further HSA information: Account must be activated – watch your mail for information from ACS/Mellon Interest Rate of 0.1% (as of 7-1-2009) Monthly fee of $2.25 for accounts with balances under $3,000 (fee taken from account) Electronic statements are encouraged - $0.75 monthly fee for paper statements Once you have accumulated a balance of $1,500 or more, you can transfer excess balance into one of the Dreyfus mutual fund investment options You can visit www.HSAmember.com for more information MedicalPlusHealth Savings Account

17. PPO utilizes same network as MedicalPlus Choice of physicians and hospitals BlueCross BlueShield offers the largest PPO network in the United States Higher level of benefits using BCBS network providers No claim forms to file when using network providers Lower claim costs through negotiated network Prescription Coverage through Caremark No HSA Contribution PPOBlueCross BlueShield of Illinois

18. In-Network Benefits $300 Individual or $700 Family Deductible 20% Coinsurance (Plan pays 80%) Annual Out-of-Pocket Maximum (including deductible) $2,000 individual or $4,000 family Wellness Benefits and Well Baby Benefits based on Preventive Services Task Force Guidelines (100% coverage, deductible does not apply, no maximum) PPOBlueCross BlueShield of Illinois

19. Out-of-Network Benefits $600 Individual or $1,400 Family Deductible 40% Coinsurance (Plan pays 60%) Annual Out-of-Pocket Maximum $4,000 individual or $8,000 family (excluding out of network drugs) No Wellness Benefits “Reasonable & Customary” applies PPOBlueCross BlueShield of Illinois

20. In-Network Benefits No Deductible Retail Benefit (up to a 30-day supply) $10 co-payment for Generic Prescriptions 35% Coinsurance for Brand Prescriptions (Plan pays 65%) Per prescription maximum cost of $150 After the purchase of two 30-day refills for any maintenance medication at retail pharmacies, all future refills for those prescriptions must be filled through the Caremark mail order service Mail Order Benefit (up to a 90-day supply) $20 co-payment for Generic Prescriptions 25% Coinsurance for Brand Prescriptions (Plan pays 75%) Per prescription maximum cost of $300 Annual Out-of-Pocket Limit $1,250 individual or $2,500 family PPO – PrescriptionsCaremark

21. Out-of-Network Benefits You pay the full, undiscounted cost at the pharmacy and must submit a paper claim form You are eligible for up to 65% reimbursement No prescription drug out-of-pocket maximum PPO – PrescriptionsCaremark

22. 2011 Monthly Employee Contributions MedicalPlus Employee Only $ 24.25 Employee + 1 $ 41.25 Family $ 58.00 PPO Employee Only $ 55.25 Employee + 1 $ 103.00 Family $ 150.75 NEW EMPLOYEES: Complete the online Health Risk Assessment and your 2011 medical coverage contribution will be reduced by $7.50 per month beginning the first of the month after your questionnaire is processed. PART-TIME EMPLOYEES: If you are a part-time employee scheduled to work at least 20 hours but less than 35 hours per week you are eligible for medical coverage at 150% of the monthly contribution rates stated here for full-time employees. MedicalEmployee Contributions

23. Preventive Care Both medical options pay certain pediatric & adult preventive care benefits • Preventive care services based on Preventive Services Task Force guidelines • Wellness screenings, routine exams, immunizations, etc. are Covered 100%, no annual limit, not subject to deductible

24. Wellness ProgramBlue Care Connection Condition Management Nurse health coach is assigned to help you: • Follow your doctor’s plan of care; • Understand how your medications work; • Determine necessary screenings and tests; and • Answer questions about the illness or condition.

25. The Condition Management program is available if you have been diagnosed with one or more of the following: Asthma; Congestive heart failure; Coronary artery disease; Chronic obstructive pulmonary disease (COPD); Diabetes; Hypertension; Hyperlipidemia; or Low back pain. Completely voluntary and confidential Wellness ProgramBlue Care Connection

26. Wellness ProgramBlue Care Connection Personal Health Manager Personalized Coaching Program in any or all of the following areas: • Eating habits; • Physical activity; • Stress management; • Tobacco cessation; or • Weight management. When you enroll you will be paired with a health professional who will develop a personalized coaching program with you through confidential, over-the-phone sessions Completely voluntary and confidential

27. Wellness ProgramBlue Care Connection Health Risk Assessment • Online questionnaire that evaluates your health and gives you a detailed, confidential report with action steps to help you improve your health. • Receive a $7.50 discount on monthly medical contributions if you complete the Health Check and submit a Physician Form to Nationwide Better Health. Your discounted rate will begin the first of the month after your questionnaire is processed. • You will need to enter your personal biometric data • Blood pressure • Cholesterol and blood glucose levels • Body mass index Completely voluntary and confidential

28. Wellness ProgramBlue Care Connection Nurse Advice Line Provides immediate telephone access to registered nurses for health care information, advice and medical guidance for you and your family. Available 24/7 • Answer your questions about symptoms and health-related topics • Help you decide how and where to get the care you need • Help you determine what questions to ask your doctor before an appointment. Not a substitute for your regular physician, health care specialist or routine preventive exams. In the event of a medical emergency, seek immediate medical attention from the nearest emergency facility or call 911. Completely voluntary and confidential

29. Wellness ProgramBCBS Illinois Healthy Expectations Offers support for expectant mothers Helps you understand the active role you can take to give your baby the greatest chance of being born strong and healthy by providing: • Educational material specific to your needs • Access to a 24/7, toll-free BabyLine staffed by maternity nurses • E-mail newsletters • An online health information library The first step is to call the number on the back of your BCBS ID card Completely voluntary and confidential

30. Deductible Preventive Services None Basic, Major & Orthodontic $25 individual/$75 family Coinsurance Preventive Services 100% Basic Services 80% Major Services 50% Orthodontic Services 50% Maximum Coverage Dentistry $1,200 per person annual Orthodontics* $1,200 lifetime maximum Preventive Services DO NOT count toward annual maximum * Note: Orthodontic coverage provided for eligible dependent children up to age 19 DentalBlueCross BlueShield Illinois

31. Preventive Services Oral examinations Routine scaling and polishing Routine bitewing x-rays Fluoride treatments (children through age 18) Sealants (children through age 15) Basic Services Fillings and Extractions Stainless steel crowns Relining of dentures Repair of crowns, bridges, and removable dentures Major and Restorative Services Inlays, onlays, and crowns (other than temporary crowns or stainless steel) Full mouth rehabilitation Preventive Services DO NOT count toward annual maximum DentalBlueCross BlueShield Illinois

32. 2011 Monthly Employee Contributions Employee Only $12.50 Employee + 1 $25.50 Family $38.00 DentalEmployee Contributions

33. Voluntary Vision Program Benefits provided by Vision Service Plan (VSP) – Largest vision care provider in the US with over 50 years experience Plan provides vision benefits each year 2 pairs of frames and lenses; or 1 pair of frames and lenses plus contact lenses VisionVSP

34. Voluntary Vision Program In-Network Benefits $10 co-payment for vision exams $150 allowance for eyeglass frames $10 co-payment for eyeglass lenses Progressive & photochromic lenses & tints covered in full $150 allowance for daily wear contact lenses VisionVSP

35. Voluntary Vision Program Out-of-Network Benefits Up to $45 for vision exams Up to $47 for eyeglass frames Up to $45 for single vision eyeglass lenses Up to $65 for bifocal eyeglass lenses Up to $85 for trifocal eyeglass lenses Up to $125 for lenticular eyeglass lenses Up to $105 for daily wear contact lenses VisionVSP

36. 2011 Monthly Employee Contributions Employee Only $13.55 Employee + 1 $27.13 Family $43.66 VisionEmployee Contributions

37. If you or your dependents are covered under more than one medical or dental plan Plans work together to coordinate benefits BCBS will maintain the level of benefit based on the plan you choose The allowable expense is limited to the amount the BCBS plan would have paid if there were no other medical or dental benefit coverage in effect This is called Maintenance of Benefits Maintenance of Benefits

38. Full Use Healthcare Flexible Spending Account(for PPO Enrollees) Limited Use Healthcare Flexible Spending Account (for MedicalPlus Enrollees) Dependent Care Flexible Spending Account – daycare expenses only Flexible Spending Accounts (FSA) Important Reminder: These are “USE IT or LOSE IT” plans

39. Use tax-freecontributions to pay for medically necessary, non-covered medical, prescription drug, dental and vision care expenses: All healthcare deductibles and coinsurance amounts Eyeglasses, contact lenses Health club membership (with a doctor’s note) Exercise equipment (with a doctor’s note) You may contribute from $100 to $5,000 per year Debit card to access account Paper claims will be required for claims not submitted using debit card or the online claims submission process Cannot be used with an HSA Full Use Healthcare FSA(PPO Participants) Important Reminders: This is a “USE IT or LOSE IT” plan Over-the-counter medicine must have a doctor’s prescription in order to qualify for reimbursement.

40. Limited Use FSA coordinated with HSA Use tax-free contributions to pay for non-covered health (dental and vision) expenses: Dental and vision deductibles, coinsurance amounts and other expenses NO medical/prescription drug expenses covered by the Plan are allowed (must use your HSA) You may contribute from $100 to $5,000 per year Debit card to access account Paper claims will be required for claims not submitted using debit card or the online claims submission process Limited Use Healthcare FSAFor HSA Participants Important Reminder: This is a “USE IT or LOSE IT” plan

41. Use tax-freecontributions to pay for day care expenses for: Children (up to age 13) Elderly parents Not for your dependent’s non-covered healthcare! If married, both you and your spouse must work outside the home You may contribute from $100 to $5,000 per year* You can elect direct deposit for your reimbursements * Employees classified as Highly Compensated will be limited to $4,000 per year. Dependent Care FSA Important Reminder: This is a “USE IT or LOSE IT” plan

42. Company-provided benefit Free confidential counseling for employees & dependents Depression and anxiety* Stress* Relationships* Work/life balance* Addictions and abuse* Financial services Legal consultation Grief and loss* * Up to 8 company-paid sessions, per issue, per year, per family member Employee Assistance Program

43. Dresser-Rand provides employees with: $50,000 of Basic Life Insurance $50,000 of Basic AD&D Employees can purchase additional: Optional Life Insurance for self & dependents Voluntary AD&D Insurance for self & dependents Life Benefits

44. Employee Optional Life $25,000 increments, up to $500,000 Evidence of Insurability (EOI) required for amounts elected over $250,000 EOI required for increases after initial election Optional Life InsuranceEmployee

45. Spouse Life $25,000 increments, up to $250,000 or 50% of employee amount, (combined basic and optional) whichever is less Employee must elect Optional Life in order to elect Spouse Life Evidence of Insurability (EOI) required for amounts elected over $25,000 Child(ren) Life If elected, each child will have $10,000 of Life Insurance Employee must elect Optional Life in order to elect Child Life Optional Life InsuranceDependents

46. Employee and Spouse Rates are Based on Age Tobacco or Non-Tobacco use status Tobacco products include cigarettes, pipes, cigars, snuff and chewing tobacco Rate sheet will be included in enrollment packets and are available on the Dresser-Rand benefits website: (www.dresser-rand.com/benefits) Optional Life InsuranceRates

47. Employee & Spouse Optional LifeMonthly rate per $1,000 of coverage

48. Can elect Employee or Family coverage Employee $25,000 increments, up to $500,000 Family (Benefit based on Family members) Spouse only 60% of employee coverage Child(ren) only Each child, 15% of employee coverage Spouse and Child(ren) Spouse, 50% of employee coverage Each child, 10% of employee coverage Voluntary AD&D InsuranceEmployee or Family

49. 2011 Monthly Employee Contribution Rates Employee only $0.025 per $1,000 Family $0.040 per $1,000 Voluntary AD&D InsuranceEmployee or Family

50. Dresser-Rand provides you with: 4 x current base salary Minimum benefit is $100,000 Maximum benefit is $1,000,000 Covers you for death/dismemberment while traveling on Company business Note: If a common accident results in the death or dismemberment of more than one covered person, the maximum benefit paid to all covered people is $5,000,000 Business Travel Accident Insurance