Tag: NGC

Could Northrop Grumman Be the Next Corporation to Cut Healthcare Benefits?

As a recruiter, I’m often asked about benefit packages offered by certain companies.  Over the last year many Fortune 500 companies have made substantive changes to employees’ benefits with most of the changes hurting the workers. We’ve seen many large corporations choose to cut employee benefits whether that be pension, 401(k), or healthcare. Verizon created

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Northrop Grumman? What Corporations Will do to Save Their Dividends

Fortune 500 companies have been scrambling to protect their dividends and keep their shareholders happy. The results have been generally negative for workers at those companies. This trend has affected companies in many different industries. This begs the question, what would Northrop Grumman do to save their dividend? To get a better idea let’s take

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Will Northrop Grumman Freeze Its Pension?

Corporations in almost every industry are in the process of trying to cut costs to help deal with the economic downturn brought on by the Coronavirus.  The pandemic has taken a toll on the entire economy and companies need to take drastic measures in order to stay afloat. AT&T, for example, has expressed a goal

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Will Northrop Grumman Stop Offering a Pension Lump-Sum Option?

The novel coronavirus has caused almost every economic industry major strife over the last 6 months. However, corporations were struggling with their pension liabilities long before the pandemic hit. According to Mercer’s 2020 Defined Benefit Outlook, at the end of 2019 the average pension fund only had 85% of their pension liabilities covered, while 63%

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Will Northrop Grumman Pause its 401(k) Matching Program?

We’ve seen over and over again in times of recession corporations will decrease or suspend benefits. According to CNBC, 95% of companies offer a company match or some alternate contribution program. However in that same article they stated, “Don’t be surprised if your employer pauses its contributions to your 401(k) plan during the U.S. economic

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Top 10 Articles Read by NGC Employees

1. Life After NGC: Surviving a Bear Market in Retirement Anyone retiring right now, has the unfortunate luck of finding themselves caught in a bear market. Many of my Northrop Grumman clients have been reaching out to me, as they’re concerned about losing their nest egg if the market doesn’t turn around. Read more here…

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Read the TRG Retirement Guide for NGC Employees

As a recruiter it is my job to put my clients in the best position possible for them to succeed. Most of the time this simply means finding a company with an employment opportunity that fits their needs. However, my clients often ask me about other factors, like their 401(k), pension plan, benefits package and

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