Globalstar, Inc. Benefits

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Benefits Summary

Retirement & Financial Benefits
401(k) Plan
Profit Sharing
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Health Insurance
Life Insurance
Dental Insurance
Vision Insurance
Temporary Disability Insurance
Long-term Disability Insurance
Globalstar, Inc. provides many retirement and welfare benefits. Like Globalstar, Inc., many businesses in the United States fund group health coverage, through which employers typically pay a considerable portion of their workers' health insurance premiums. In this arrangement, companies collect tax deductions for their contributions and workers receive the insurance tax-free. Globalstar, Inc. offers health, dental, and vision insurance. Globalstar, Inc. also offers group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-sponsored retirement plans help to guarantee a reliable stream of income later in life. Globalstar, Inc. offers defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays retirees a predetermined sum upon retirement. With a defined contribution pension plan, companies help employees save and invest for retirement.

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