Severance and Northrop Heritage Retirement ... - Benefits Online

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Example: Employee with 20 YOS Last Day Worked: November 19, 2010 No Cost Period Cost Share Period Full Cost Period/COBRA November 19 December 31January 1, 2011 April 8, 2011 May 31, 2012 Start of 18 month COBRA period December 1, 2010 – May 31, 2012 End of 18 month COBRA period 10
Paying for your Benefits • You will be billed for your continuation of coverage by the Northrop Grumman Benefits Center • The first bill will be sent shortly after the termination of your active benefits • Subsequent bills are prepared on the 10 th of each month and mailed on the 15 th • Payment is due on the 1 st of the month, in advance, with a 30-day grace period 11
Page 1 and 2: The Northrop Grumman Severance Plan
Page 3 and 4: Severance Plan Eligibility
Page 5 and 6: Health Benefits and Savings Plan
Page 7 and 8: Employee Cost for Benefits Continua
Page 9: Employee Cost for Benefits Continua
Page 13 and 14: Miscellaneous Information • If yo
Page 15 and 16: Life and Accidental Death & Dismemb
Page 17 and 18: Northrop Grumman Savings Plan • Y
Page 19 and 20: Northrop Grumman Savings Plan - Tax
Page 21 and 22: Retiree Medical - Heritage Eligibil
Page 23 and 24: Retiree Medical - Special Layoff Pr
Page 25 and 26: Retirement Plan Overview For Northr
Page 27 and 28: Heritage Northrop Retirement Plan B
Page 29 and 30: • Normal Retirement When can you
Page 31 and 32: Early Retirement Factors Northrop G
Page 33 and 34: Special Layoff Provision • If you
Page 35 and 36: Northrop Grumman Benefits Center (N

Severance and Northrop Heritage Retirement ... - Benefits Online

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