Can a Komatsu employee contribute to a 401k?
Employees can opt to save money from their own paycheck and if eligible, will receive contributions made on their behalf from the company. Money saved within a Komatsu-sponsored 401 (k) retirement plan grows tax deferred until it is distributed to employees.
How are Social Security benefits paid for by Komatsu?
For many of the benefits where you make a contribution, the cost is deducted from each paycheck before Federal, State, Social Security and Medicare taxes are determined, helping to lower your taxable income. Some benefits are fully paid for by Komatsu and other optional benefits require employees to share in the cost.
What are the benefits of the Komatsu vision plan?
The vision plan is administered by Vision Service Plan and includes coverage for eye exams and eyeglasses or contact lenses. The FSA program allows you to reduce your taxable income by saving for healthcare and dependent care expenses through pre-tax deductions. Basic life and accident coverages are provided to employees at no cost.
What kind of disability do you get at Komatsu?
Short-Term Disability — provided at no cost and covers up to 26 weeks of pay continuation due to an eligible extended illness or injury. Long-Term Disability (LTD) — provided at no cost. Long Term Disability offers partial salary replacement to employees whose eligible illness or injury extends beyond 26 weeks.
What kind of benefits do Komatsu employees get?
Komatsu offers a competitive benefits program, including health & welfare and retirement plans designed to meet the individual needs of its employees. Most benefits for eligible employees begin on their date of hire.
When do Social Security benefits start for Komatsu employees?
Most benefits for eligible employees begin on their date of hire. For many of the benefits where you make a contribution, the cost is deducted from each paycheck before Federal, State, Social Security and Medicare taxes are determined, helping to lower your taxable income.
Can a woman divorce a man with a pension?
Many women (and men) were divorced when pensions were not considered to be marital assets, or before retirement plan rules changed to permit direct payment to former spouses. For more information, check out a Pension Rights Center blog series on divorce and retirement assets:
What happens if a pension plan is bought out?
Broadly speaking, here is what may have happened to your benefits: • The plan may still be intact, in one form or another. That is, the original company may have reorganized, or been bought out, but the current owners have inherited the legal obligation to pay the benefits due under your old pension plan.