Benefits

U.S. Benefits Overview

At Boeing, we know you have a whole life outside of work, and we provide programs to help you make the most of it. No matter how your life changes, Boeing offers resources that protect you and your family, ease life transitions in trying times, and help you grow both professionally and personally. With programs that include health and wellness, insurance, retirement, education and training, and more, Boeing benefits are among the most progressive in the industry.

Note: The highlights below do not represent complete Boeing policy statements; the official policies, procedures, or plan documents should be consulted for complete information. In the event of a conflict between these highlights and the policies, procedures or plan documents, the text of those original documents will control.

Health and Insurance Benefits
Retirement Benefits
Vacation and Holidays
Wellness Programs
Work/Life Benefits and Services
Educational Benefits and Opportunities
Employee Performance Incentive Plans

Health and Insurance Benefits

We at Boeing recognize that employees who are not distracted by health and financial worries are more effective on the job. To support our workforce, we offer a wide variety of health, life and other insurance benefits that allow employees to choose the coverage best suited to their and their families' needs.

Medical Coverage

Most Boeing locations offer more than one option for medical coverage to allow employees to choose the plan that meets their needs. Medical plan offerings vary across the company, but all medical plans include:

  • Coverage for certain preventive care services, such as annual physicals and well baby care, generally at little or no cost to the employee.
  • Coverage for doctor visits, surgery and hospital care.
  • Vision coverage for routine eye examinations, glasses and contacts.
  • Prescription drug coverage, including retail and mail-order options.
  • Coverage for mental health and substance abuse services.

Dental Coverage

Boeing offers dental coverage to help employees and their families pay for dental care and orthodontia services. Like medical plans, dental plans also vary across the company.

Life Insurance and Accidental Death and Dismemberment (AD&D) Insurance

To protect employees and their families in the event of death or serious injury, Boeing automatically provides basic life, basic AD&D and business-travel accident insurance. Some employees also have the option to purchase additional life insurance and/or AD&D insurance if it meets their needs. For union-represented employees, life and AD&D insurance benefits vary by collective bargaining agreement.

Short-Term and Long-Term Disability Insurance

Nonunion employees automatically receive basic short-term and long-term disability insurance and have the option to purchase additional long-term disability insurance if interested. For union-represented employees, short-term and long-term disability benefits vary by collective bargaining agreement.

Flexible Spending Accounts

Boeing offers a health care flexible spending account and a dependent care flexible spending account to allow individuals to pay for eligible health care expenses (including many over-the-counter medications) and dependent care expenses (including child and elder care) on a pre-tax basis, which helps reduce income taxes. Certain union-represented employees are not eligible for the health care flexible spending account, nor the dependent care flexible spending account.

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Retirement Benefits

Boeing helps employees plan for their future by offering a comprehensive retirement benefit program to supplement Social Security benefits and personal savings. The elements of Boeing retirement benefits vary based on hire date; for union-represented employees, benefits also vary by collective bargaining agreement. Most newly hired nonunion and certain union-represented employees are offered a retirement savings plan that provides an automatic company contribution (regardless of whether the employee contributes). Additionally, as employees contribute to the plan, Boeing matches a percentage of employees' contributions each pay period to help grow their savings. Employees are 100% vested in their own contributions and company contributions at all times. The plan offers a variety of investment options, which include lifecycle funds (diversified, pre-mixed funds based on the employee's expected retirement date), index funds and actively managed funds.

Certain newly hired union-represented employees are offered both a pension plan and a retirement savings plan. These employees are not eligible for the automatic company contribution described in the previous paragraph.

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Vacation and Holidays

Vacation

Boeing employees accrue vacation each week or according to the schedule in their collective bargaining agreement. Vacation hours grow until they reach the vacation accrual maximum. All salaried new hires and rehires have their vacation account pre-loaded with one half of their first year accrual at the time of hire. The normal accrual process starts during the seventh month of employment.

Holidays

For most employees, Boeing provides paid time off for 12 standard holidays, including a winter break between December 24 and January 1. The winter break is for the benefit of employees and the business and is offered in lieu of certain other government holidays. Holiday schedules may vary according to observance of holidays at customer or international locations.

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Wellness Programs

Boeing offers a variety of programs and resources to help employees focus on their overall well-being. Among the wellness resources we offer are a health and well-being Web site and newsletter; confidential online and onsite health screenings; flu vaccine programs; and smoking cessation, fitness and weight management programs and coaching.

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Work/Life Benefits and Services

To help employees manage the balance between their work and personal lives, Boeing offers several valuable resources.

Employee Assistance Program
This confidential service connects employees and their families with experienced counseling professionals for help with personal issues and stress management.

Family Care Resources
This program provides free, confidential referral services to help employees find a variety of services -- such as child and elder care -- to make life more manageable.

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Educational Benefits and Opportunities

Boeing provides many educational opportunities both on and off site. Employees can pursue training vital to their current job or toward completing a relevant degree program.

Learning Together Program

At Boeing, the pursuit of learning is fundamental to the company's position as a global leader in aerospace. The Learning Together Program provides tuition support for employees pursuing education programs and courses at high-quality schools that enhance job performance and skills improvement.

Onsite and On-the-Job Training

It is in everyone's interest for employees to feel as comfortable and knowledgeable about their job as they possibly can. Boeing's On-Hour Training program is provided to employees when the information or skills being taught are required to perform their current or upcoming work assignments, or when a formal training course is necessary to satisfy requirements of company, customer or government regulations.

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Employee Performance Incentive Plans

A high-performance culture is critical to Boeing's future. We want our employees to be actively engaged in seeking customer-focused solutions to grow the business and boost economic profit. Employee efforts, creativity and commitment are recognized as key to the company's continued growth and success. In recognition of this contribution, Boeing may award annual performance-based incentives and/or other individual forms of recognition. One such program is the Employee Performance Incentive Plans. Employee Performance Incentive Plans provide cash bonuses of between 1 and 20 days of additional pay to eligible employees in the first quarter of the year if the company achieves and/or exceeds annual economic profit objectives the previous year. Targets are very demanding and track with our goal to provide total shareholder returns within the top quartile of S&P 500 companies. Currently, the majority of Boeing's non-executive employees are eligible for Employee Performance Incentive Plans. Employees covered by a collective bargaining agreement are eligible only if the terms of the collective bargaining agreement provide for participation in the Boeing Employee Performance Incentive Plans.

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