Information about http://benefits.northropgrumman.com/SiteCollectionDocuments/Benefits%20Overview/07-0076%20Recrt%20June%2008%20sprd[3].pdf
What's important to you when considering a new job -- besides pay…
Tags: assistance opportunities, business sector, career opportunities, development opportunities, education assistance, eligible employees, management goals, new job, performance management, relevant field, tuition reimbursement, work environment,Pages: 2
Language: english
Created: Tue Jun 17 11:10:57 2008
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What's important to you
when considering a new job --
besides pay? Additional Benefits
Eligible employees can take advantage of the following additional
benefits, which may vary by business sector and location.
f Employee development
Work environment?
f Performance management goals
f Training and development opportunities
Learning and growth f Internal career opportunities
f Education assistance
opportunities?
Benefits? f Tuition reimbursement for job-related courses and progress
The
Benefits
toward a degree in a relevant field
f Company-paid holidays and vacation/paid time off (PTO)
Now combine these things with Our people are the foundation
the desire to work for a Fortune of our continued success, and f Credit Union
100TM company and you get we know it. That's why, whether f Interest-bearing checking accounts, money market savings
Northrop Grumman -- one of you're just beginning your career
Define your future accounts, individual retirement accounts (IRAs), loans, investment
the leading defense contractors
in the world. Northrop Grumman
or you've been working for 20
years or more, you will find that by the decisions
assistance, group universal life insurance, auto and home owner's
insurance, and long-term care insurance of working for
employs a team of more than the Northrop Grumman Benefits you make today.
120,000 employees who are
dedicated to developing many
Program was designed with you
in mind -- to give you the flexibility
Northrop Grumman
of the world's most innovative and control to choose the benefits
and technologically advanced that make the most sense for you
products and services for military, and your family. The benefits described above are applicable to most eligible Northrop Grumman employees, effective
July 1, 2008 through June 30, 2009.
government, and commercial
You decide whether to participate This brochure provides a summary of the benefits available under the Northrop Grumman Benefits
customers.
in the Health Plan, and to what Program. Complete details about the program are contained in the legal plan documents that govern
plan operation and administration. If there is a discrepancy between the information provided in this
extent. And, if eligible, you brochure and the provisions of the plan documents, the plan documents will govern. Neither the plan
documents nor this brochure constitutes an implied or expressed contract of employment. Northrop
automatically are enrolled in
Grumman reserves the right to terminate, suspend, withdraw, amend, or modify the plans at any time
the Savings Plan. and for any reason.
An Equal Opportunity Employer. Recruiting Brochure/JUN 07-0076
Northrop Grumman Health Benefits Northrop Grumman Savings Plan
The Northrop Grumman Savings Plan is
BaSiC BEnEfiTS OPTiOnal BEnEfiTS SavingS Plan
a great way to build future wealth through
Eligible employees Eligible employees can enroll in these benefits: automatic payroll deductions. Here's a immEdiaTE Eligible employees are automatically enrolled when hired.
automatically receive these quick look at how the Plan works. ParTiCiPaTiOn
benefits at no cost:
BEnEfiT Your benefit grows through:
Basic life insurance medical coverage (includes dental coverage Basic long-term disability grOwTH
· Your contributions
$50,000 or one times annual prescription drug and mental (lTd) insurance
· Three PPO options
base salary, whichever is health benefits) 50% of base monthly salary · Company matching contributions (as applicable)
greater · A dental HMO during a long-term disability,
· Two Preferred Provider
vision coverage up to a maximum of $15,000 · Company basic contributions (as applicable)
Basic accidental death Organization (PPO) options
A plan that offers in-network per month (coverage is 100%
and dismemberment (ad&d)
· A Health Maintenance and out-of-network coverage company-paid by some · Company contributions to the Retirement Account (if eligible)
insurance
Organization (HMO) option, if business units)
$50,000 or one times annual flexible Health Care and · Any investment earnings on all contributions.
available in your geographic
base salary, whichever is dependent day Care Optional lTd insurance
location
greater Spending accounts Additional coverage in 10% YOUr You can contribute a percentage of your eligible compensation on a tax-deferred and/or after-tax basis, up to annual IRS limits. If you are age 50 or older, you
· A national Exclusive Provider Contribute up to $5,000* in each increments of base monthly COnTriBUTiOnS can make additional contributions on a tax-deferred basis, up to IRS limits.
Business travel accident
Organization (EPO) option, account per benefit plan year salary (to obtain up to 70%
(BTa) insurance
or regional EPO options, if on a tax-deferred basis to help of base monthly salary when COmPanY Northrop Grumman provides a company match (depending on your business unit) based on a percentage of your eligible compensation and your
Coverage if you die or are
available in your geographic combined with basic LTD) COnTriBUTiOnS contributions to the plan. In certain cases, Northrop Grumman provides a company basic contribution in lieu of matching contributions or a combination of
seriously injured in an accident pay for eligible health care and
both company basic and/or matching contributions.
while traveling on approved location dependent day care expenses group legal
company business · A consumer-driven health Optional life insurance Two plans -- Basic and vESTing You are always 100% vested in your contributions and any company basic and/or matching contributions (depending on your business unit).
plan option Various coverage levels for you Comprehensive -- provide
Employee assistance
and your dependents benefits for covered legal invESTmEnT You can choose from a variety of core investment funds offering different levels of risk and return or a single Retirement Path portfolio (an investment option
Program (EaP) · Aetna Global Benefits Plan OPTiOnS that is professionally managed for a specific target retirement date), as well as a self-directed brokerage account that allows you to invest in a variety of
services (eligibility depends
Confidential counseling and for overseas employees Optional ad&d insurance mutual funds and individual securities.
on your business unit)
referral program to help you Various coverage levels for you
and your dependents manage and your dependents lOanS You may request a general purpose loan or primary residence loan.
personal issues
rOllOvErS You can roll over an existing account balance from another employer's qualified plan or individual retirement account (IRA) into the Northrop Grumman
* $2,500 in the Dependent Day Care Spending Account if you are considered highly compensated for plan purposes. Savings Plan.
rETirEmEnT Northrop Grumman will make a contribution to the Retirement Account each pay period based on a percentage of your eligible compensation and your age
aCCOUnT (if you are eligible, depending on your business unit). You will be vested in the company's contributions to the Retirement Account after three years of service.
COnTriBUTiOnS
Please note that loans are not available from the Retirement Account.