Lockheed COLA Supplemental Payment 2025
Greetings Brothers and Sisters of Lockheed Martin,
On or before December 19, 2025, a COL payment in the amount of one thousand dollars ($1000) will be paid to each employee on the active payroll, on approved leave of absence for less than one (1) year, or military leave as of November 21, 2025.
The payment may be deferred in five hundred dollar ($500) increments, without Company matching contributions, to the Performance Sharing Plan (PSP) and/or the Health Savings Account (HSA) upon completion of the appropriate form by October 15, 2025, subject to IRS Regulations.
If you elect to have the COL Payment deposited into the Lockheed Martin Corporation Performance Sharing Plan, the following conditions will apply:
The COL Payment may be deposited in five hundred dollar ($500) increments to the Lockheed Martin Corporation Performance Sharing Plan (minus social security and if applicable, disability taxes).
The COL Payment deposit will not be matched by Lockheed Martin Corporation.
The election to deposit is irrevocable. CONSIDER YOUR DECISION CAREFULLY.
The deposit will be allocated based upon your investment elections in effect for your normal weekly Savings Plan contribution.
The deposit will be subject to all provisions of the Lockheed Martin Corporation Performance Sharing Plan.
The deposit will be subject to applicable IRS limits on contributions.
The deposit of the COL Payment may cause future 2025 weekly contributions to be deposited as after-tax contributions.
If you elect to have the COL Payment deposited into your Health Savings Account (HSA), the following conditions will apply:
The COL Payment may be deferred in five hundred ($500) increments to your Health Savings Account (HSA).
The election to deposit is irrevocable. Consider your decision carefully.
The deposit will be subject to applicable IRS limits on contributions and the terms of your HSA with the HSA custodian/trustee. Because the HSA is your individual account, you are responsible for ensuring that contributions to your HSA do not exceed IRS limits.
It is the responsibility of the employee to ensure their HSA account is open and the elected deferral amount will not result in an account balance that exceeds the IRS annual maximum, the deferral amount will be paid to the employee, minus applicable taxes.
