Workers also may make tax-deferred contributions to the plan immediately. Employees receive financial credits to buy health coverage. Offers HMO and PPO options. Dell does not pay for retirees' health coverage. Stock options, granted to employees at all levels, have made many Dell veterans rich.
Workers also receive a traditional pension.
More than 10,000 of Chevron's workers pay nothing for their HMO health coverage. Only Chevron's top managers get stock options, but the company pays for a life insurance policy that replaces two times a worker's salary, with no cap. Boeing converted from a traditional pension to a cash-balance plan. Employees have their pick of an HMO, a PPO or a POS plan. New workers will not be eligible for retiree health benefits.