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Benefits
Health Plan
We‘re all different and so are our health care needs. The Northrop Grumman Health Plan offers a variety of health care options so employees have the flexibility to choose the benefits and coverage levels that meet their personal needs today.
You can enroll yourself and your eligible dependents for health care benefits. Eligible dependents include:
- Your spouse
- Your domestic partner and his or her eligible dependent children
- Your unmarried children who are
- Under age 19
- Under age 25 and are full-time students in an accredited school
- Disabled, if the disability occurred before age 19 (or before age 25 if a full-time student).
Medical Coverage
Varying levels of cost and coverage among the medical plan options allow you to select the option that is right for you and your family. You can choose medical coverage under one of the following:
- Preferred Provider Organization (PPO) plan options
- Health Maintenance Organization / Exclusive Provider Organization (HMO/EPO) plan options, if available in your geographic area
- Consumer-driven health program
- International plan option (available only to those residing outside the U.S.)
- TRICARE Supplement
Dental Coverage
Several dental plan options are available – with varying levels of benefit coverage. You can select from:
- Dental PPO plan options
- Dental HMO plan option
Orthodontia and TMJ treatment are covered under some plan options.
Vision Coverage
Vision benefits include annual eye exams, coverage for glasses or contact lenses, discounts on LASIK surgery, and much more.
Flexible Spending Accounts (FSAs)
You can make before-tax contributions to two different Flexible Spending Accounts (FSAs) – the Health Care FSA and the Dependent Day Care FSA. FSAs allow you to use pre-tax money to pay certain health care and dependent day care expenses.
Long-Term Disability (LTD)
The long-term disability (LTD) plan provides you with income replacement if you are unable to work for an extended period of time due to disability. You can elect LTD coverage in one of three coverage levels:
- 50% of your monthly base salary*
- 60% of your monthly base salary
- 70% of your monthly base salary.
*100% company-paid for certain business units
Life Insurance
Northrop Grumman provides a basic life insurance benefit of $50,000 or one times your annual base salary – whichever is greater. In addition, you can purchase for yourself optional life insurance coverage of one to eight times your annual base salary, to a maximum of $1 million.
You may also purchase optional life insurance for your spouse and child(ren).
Accidental Death & Dismemberment (AD&D) Insurance
AD&D coverage is automatically provided at $50,000 or one times your annual base salary – whichever is greater. You can also purchase for yourself additional AD&D insurance of one to ten times your annual base salary, to a maximum of $1 million.
Optional accident insurance for your spouse and children is also available for you to purchase.
Employee Assistance Program (EAP)
The EAP is a confidential counseling and referral program that can help you address personal issues – including mental health problems and substance abuse – before they affect your health, relationships, or job performance. You and your eligible family members can receive up to five free, confidential counseling sessions per year with a licensed professional.
Savings Plan
When it comes to planning for your future, it pays to save through the Northrop Grumman Savings Plan. The Plan offers employees an outstanding combination of savings advantages. If you choose to enroll, you‘ll find it‘s easy to save through automatic payroll deductions, and your contributions are deducted before taxes are withheld. And, as your needs change, the Savings Plan makes it easy to change your contribution amount and your investment options.
Here are just some of the great features:
- Immediate participation – Eligible employees of participating business units can participate immediately.
- Flexible contributions – You may contribute up to 30% of your eligible compensation (based on IRS regulations) on a pre-tax and/or after-tax basis.
- Company match – Northrop Grumman provides a company match to eligible employees based on a percentage of eligible compensation and participant contributions.
- Investment options – You can choose from 11 core investment funds and/or other mutual funds as well as a self-directed investment account, through which you are provided access to more than 2,500 mutual funds from over 300 mutual fund families as well as a choice of individual securities.
- Vesting – You are fully vested in both your contributions and those Northrop Grumman makes on your behalf.
- Loans – You may request a general purchase loan or primary residence loan.
- Account access – You can access and manage your account 24 hours a day, seven days a week through Savings OnLine website or by calling the Savings Account Line (SAL).
- Account updates – Accounts are updated daily to reflect the most recent activity.
Pension Program
The Northrop Grumman Pension Program offers a highly stable component to your retirement investment portfolio with guaranteed, risk-free investment returns – regardless of the Program‘s actual investment performance. Northrop Grumman pays the full cost of the Program – you do not make any contributions.
Here‘s how it works:
- You earn a benefit each month based on your pay, age, years of service, and date of hire
- Your benefit also grows each month by earning interest
- You own your benefit after five years of vesting service.
Powerful Resources
As a Northrop Grumman employee, you will have access to powerful, personalized tools. Here‘s an example of what we offer:
- Benefits OnLine – looking for benefit plan information? Access Benefits OnLine – your one-stop shop for all your benefit needs – http://benefits.northropgrumman.com. Here are some examples of what you can do online:
- Access benefit plan information
- Enroll in your benefits
- Link to health care providers
- Access powerful online tools such as: Savings OnLine (personalized account information and transaction capability); Pension OnLine (retirement modeling site); and Health OnLine – your confidential and personalized health management system powered by WebMd
- Designate or change your beneficiaries for life and accidental death & dismemberment insurance and Savings Plan
- Change your benefit selections when you experience a qualified life event.
- Nurse Advice Line – 24-hour telephone access to registered nurses
- Care Management – your personalized care management and disease education resource.
Additional Benefits
May vary by sector and location.
Pooled/Paid Time Off
- Vacation
- Sick Leave
- Jury Duty
- Bereavement leave
- Military duty
Employee Development
- Performance management goals
- Training opportunities
Education Assistance
- Tuition reimbursement for job-related courses and progress toward a degree in a relevant field
Professional Memberships
- Membership dues for professional organizations in your field
Employee Referral
- Rewards for referring job candidates to Northrop Grumman
Business Travel Accident Insurance
- Coverage if you die or are seriously injured in an accident while traveling on approved company business.
Credit Union
- Interest-bearing checking accounts
- Six-, twelve-, and thirty-month term accounts
- Money market savings accounts
- Individual retirement accounts (IRAs)
- Loans
- Investment assistance
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