23.10.2014 Views

The Northrop Grumman Severance Plan - Benefits Online

The Northrop Grumman Severance Plan - Benefits Online

The Northrop Grumman Severance Plan - Benefits Online

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

<strong>Northrop</strong> <strong>Grumman</strong> Pension Program<br />

• If you are laid off before reaching age 55 and have at least 10 years of<br />

vesting service, you can commence your pension benefit as early as<br />

age 55 using deferred vested factors<br />

• If you are at least age 55 and have at least 10 years of vesting service<br />

when you are laid off, you can commence your pension benefit<br />

immediately using early retirement factors<br />

• Normal Retirement<br />

<strong>The</strong> later of age 65 or<br />

Your age on the fifth anniversary of your participation in the <strong>Plan</strong> or the<br />

date you complete three years of vesting service, whichever is earlier<br />

29

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!