L-3 Communications Benefits

L-3 Communications workers are provided with many options for retirement and welfare benefits. Like L-3 Communications, countless employers in the United States finance group health coverage, through which companies typically pay a large proportion of their employees' health insurance premiums. In this setup, businesses receive tax deductions for their contributions and employees collect the insurance tax-free. L-3 Communications provides health, vision, and dental plans. 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-financed pension plans help to secure a stable source of money later in life. L-3 Communications offers defined benefit pension plans and defined contribution pension plans. Workers at companies with defined benefit pension plans are given a predetermined amount when they reach retirement. With a defined contribution retirement plan, companies help employees save and invest for retirement.