L-3 Communications Benefits

L-3 Communications workers receive many options for pension and welfare benefits. Numerous members of the American workforce, like L-3 Communications workers, participate in employer-sponsored group health insurance, through which companies typically cover a significant proportion of their employees' health insurance premiums. In this setup, businesses are provided with tax deductions for their contributions and workers receive the plans tax-free. L-3 Communications provides health, vision, and dental insurance. L-3 Communications 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. Employer-sponsored pension plans help to ensure a steady money stream later in life. L-3 Communications provides defined benefit pension plans and defined contribution pension plans. Retirees at companies with defined benefit retirement plans are given a fixed amount when they reach retirement. With a defined contribution retirement plan, companies help workers save and invest for retirement.