Healthcare
Income Protection
Investment / Retirement
Work / Life Benefits
Extras
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Investment/Retirement
Hawker Beechcraft Savings and Investment Plan
The Hawker Beechcraft Savings and Investment Plan
is a 401(k) savings plan that allows employees to
save up to 50 percent of their pay on a pre-tax or
post-tax basis (subject to federal limits). The company
matches 100 percent of employees’ contributions up
to the first 4 percent of eligible compensation they
save. Company-matching contributions are invested
in the same options employees elect for their contributions.
There are 35 investment options in the plan; and it
accepts rollover contributions from other qualified
plans such as from a former employer's.
Retirement Income Savings Program
Hawker Beechcraft Corporation and Hawker Beechcraft
Services offer a retirement program for eligible newly
hired and/or rehired salaried exempt and non-exempt
employees, called the Retirement Income Savings Program
(RISP). RISP, a new feature of the Hawker Beechcraft
Savings and Investment Plan, provides a company contribution
for employees hired or rehired on or after January
1, 2007. The contribution is from 3 to 9 percent,
based on the employee’s age and service. The contribution
goes into the employee’s Hawker Beechcraft Savings
and Investment Plan account and can be invested by
the employee in any of the plan investment options.
Employees become vested (gain rights to this benefit)
once they have successfully completed three years
of service with the company.Employees represented by
a bargaining unit are eligible for a different retirement
benefit based upon years of credited service.
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