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About Us
Employment Benefits
Benefits
BAE SYSTEMS knows that top-quality employees deserve top-quality benefits with the flexibility to match your personal life style and family needs. Thatīs why we provide progressive benefits to fit a variety of health and welfare, savings and retirement, and career development priorities. Our Value 2000 Benefits Plan was designed and continues to be shaped by our employees and HR representatives throughout the
company.
The benefits listed below are offered by most of the BAE SYSTEMS North America business units, but may
differ slightly by location.
Flexible Benefits Plan
BAE SYSTEMS North America has consolidated many different health and welfare benefits programs into one company-wide plan for US-based employees. Our new plan moves away from the "package style" plans of the past, to a participation model that empowers employees to share in the decisions that affect their
lives.
Our benefits plan offers choice and flexibility for employees with different life styles, family obligations and priorities. It delivers more uniform and consistent benefits for most BAE SYSTEMS North America
employees.
Why It Works
BAE SYSTEMS North America has a very diverse workforce, with people of all ages at different stages in their lives. This plan provides more value to employees by allowing them to tailor their plan to their
individual needs and life styles.
Employees design their own benefits package by choosing those that meet their needs from a range of
options that include the following components:
- Medical
- Dental
- Vision
- Short-Term Disability
- Long-Term Disability
- Life and Accidental Death and Dismemberment — Employee
- Life and Accidental Death and Dismemberment — Dependents
- Business Travel Accident
- Long-Term Care
- Health/Dependent Care Spending Accounts
How It Works
Each employee is given an allocation of "benefit credits." The employee then selects the benefits options that fit his/her individual needs. For example, one employee may put more emphasis on medical benefits, while another chooses higher life insurance coverage. An employee who has access to benefits from a spouseīs
plan may opt out of all plans and take cash instead.
Once the plan options have been selected, the employee "pays" for the choices by using the company-provided credits. Unused credits may be taken as cash. If there are not enough credits, the
employee pays the difference. Itīs easy, flexible and tailored to individual needs.
Note: Employees in businesses outside the US have comparable benefits plans that meet the needs of their
geographic locations, laws and medical systems.
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