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 20 and 21: Retiree Medical
Page 22 and 23: Retiree Medical - Access Only Eligi
Page 24 and 25: Retiree Medical - Enrollment Option
Page 28 and 29: Vesting Requirements• Vesting mea
Page 30 and 31: Retirement Eligibility• TRW Herit
Page 32 and 33: TRW Heritage -Part A Lump Sum Optio
Page 34 and 35: Payment Options• Parts A, greater
Page 36 and 37: Northrop Grumman Benefits Center (N

Severance and TRW Heritage Retirement Overview - Benefits Online

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