Severance and TRW Heritage Retirement Overview - Benefits Online

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Northrop GrummanPension Program• Effective 7/1/03 most historical pension plans wereamended to incorporate a cash balance feature.• Your benefit at retirement may consist of up to 3 partsdepending on your historical plan (if any) and when youbecame eligible to participate.– Part A: the historical benefit earned prior to the Programeffective date– Parts B or C: transition benefits– Part D: the benefit earned under the cash balance featureonly26
TRW Heritage Retirement BenefitsPart APart B5-Year TransitionBenefitPart DYour benefitunder yourhistoricalplanformulathrough12/31/04Your benefitunder thecash balanceformulabeginning01/01/10Your benefit based on a+formula similar to the+ =one under your historicalplan from01/01/05 – 12/31/09orWhichever is greaterPart C5-Year Transition BenefitYour benefit underthe cash balanceformula from01/01/05 – 12/31/09Yourpensionbenefit27
Page 1 and 2: The Northrop GrummanSeverance Plana
Page 3 and 4: Severance PlanEligibility
Page 5 and 6: Health Benefitsand Savings Plan
Page 7 and 8: Employee Cost for Benefits Continua
Page 9 and 10: Employee Cost for BenefitsContinuat
Page 11 and 12: Paying for your Benefits• You wil
Page 13 and 14: Miscellaneous Information• If you
Page 15 and 16: Life and Accidental Death & Dismemb
Page 17 and 18: Northrop Grumman Savings Plan• Yo
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: Retirement Plan OverviewFor TRW Her
Page 29 and 30: • Normal RetirementWhen can you r
Page 31 and 32: Early Retirement Factors - TRW Part
Page 33 and 34: Special Layoff Provision• If you
Page 35 and 36: Benefits OnLine Home PageYou canlog
Page 37: Questions?37

Severance and TRW Heritage Retirement Overview - Benefits Online

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