General Electric employees receive an average discount of 20 percent on GE appliances, including washers, dryers, air conditioners, and refrigerators, as well as savings on a vast array of other GE and Hotpoint items. Employees and retirees of GE can purchase GE products at a discount through the company’s online employee store.
When purchasing policies from General Electric’s Electric Insurance Company, which services GE workers exclusively, employees have access to lower prices for automobile insurance, personal liability insurance, and house insurance. The Electric Insurance Company allows employees to pay premiums through payroll deduction, which entitles them to a 2 to 4 percent premium discount.
The Electric Insurance Company gives savings for several policies. In many states, auto insurance policies include automatic coverage for new vehicle replacement at no additional cost. The Electric Insurance Company also provides policyholders with catastrophe warnings that alert them when a storm, tornado, or wildfire is in their area. Also given are emergency roadside help, identity fraud expense recovery, and identity restoration services.
In addition to employee discounts, GE provides health and dental insurance, a retirement plan with three-year vesting, and a 401(k) plan with a 50 percent corporate match up to 8 percent of compensation. In addition, tuition reimbursement is offered.