Google’s Amazing Employee ‘Death Benefits’

It pays surviving partners half the decedent's salary for 10 years

   

Google’s Amazing Employee ‘Death Benefits’

Google (NASDAQ:GOOG) has a reputation for treating its employees well. It turns out that it continues to offer perks even after employees die.

In an interview with Forbes, Laszlo Bock, the Internet search engine giant’s chief people officer, said the company offers “death benefits” that go far beyond the standard insurance package. In fact, the spouse or domestic partner of someone who dies while working for Google will receive 50% of the employee’s salary every year for 10 years.

GooglePromo Googles Amazing Employee Death Benefits
How Google Flubbed Its Nexus Q

In addition to that, the deceased employee’s children get $1,000 a month until they reach 19 — that extends to age 23, if they stay in college. Also, any shares held by the employee are immediately vested.

The company provides these benefits regardless of the length of time worked at Google.

This generous policy resulted from efforts to assist the spouse of a deceased employee years ago, and was made an official policy in 2011.

Most of Google’s 34,000 employees are eligible to receive those benefits.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/googles-amazing-employee-death-benefits/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.