Most Popular Benefits
Paid Sick Leave
Paid Holidays / Vacation
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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
Lockheed Martin Corp provides several pension and welfare benefits for their employees. Many employees in the United States, like Lockheed Martin Corp workers, enroll in employer-provided group health insurance, through which a considerable percentage of each worker's health insurance premium is funded by their employer. These contributions are tax deductible for employers and tax-free for workers. Lockheed Martin Corp offers health, dental, and vision coverage. Lockheed Martin Corp also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help secure a reliable stream of cash later in life, countless workers rely on employer-financed pension plans. Lockheed Martin Corp offers defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, workers are given predetermined compensation when they retire. With a defined contribution pension plan, businesses help workers save and invest for retirement.
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