LyondellBasell Employee Benefits and Perks | Glassdoor

LyondellBasell Benefits

31 Ratings

Employee Benefit Reviews

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Most Commented

  • Pension Plan(5 comments)

    “The retirement plan vests after three years of service (the company puts 5% of your salary into this cash balance plan). The 401k company...”

  • 401K Plan(4 comments)

    “best in class benefits,”

  • Health Insurance(3 comments)

    “Health coverage is super expensive, especially for prescriptions. Copays for doc visits have doubled in 4 years. Coverage for spouse is unavailable...”

  • Jul 08, 2017
    StarStarStarStarStar Current Manager / Senior Manager in Houston, Texas

    Good base bonus around 15-30 %, followed by multipliers for individual contribution and companies performance. The bonus can go up-to 25 - 65%.

  • Jun 14, 2017
    StarStarStarStarStar Former Employee in Houston, Texas

    Full benefit package available to all full time employees

  • May 10, 2017
    StarStarStarStarStar Current Instrument Technician in Houston, Texas

    10 paid holidays a year. 14 day vacation after the first year. 401k matching up to 5% and fully vested after 3 years.

  • Nov 07, 2016
    StarStarStarStarStar Former Employee in Houston, Texas

    They offer all the standard benefits medical, dental, vision, 401K, and retirement. They were competitive with most market offerings in their industry.

  • Nov 17, 2016
    StarStarStarStarStar Current Senior IT Applications Technologist in Houston, Texas

    Extremely expensive prescription coverage. Prescriptions require a $1500 out of pocket copay individual, $3000 out of pocket employee+1 dependent, before they are covered. Doctor visit copays have doubled in 4 years. Don't count on tuition reimbursement unless your manager likes you because it is completely their discretion if you qualify. They've been trying to move employees off the PPO to Health Savings Accounts (HSAs).

  • Aug 13, 2016
    StarStarStarStarStar Current Employee in Houston, Texas

    Very competitive benefits. You hope that you never need to use some of them, but they are there for us when something goes wrong.

  • Aug 19, 2016
    StarStarStarStarStar Former Benefits Consultant in Houston, Texas

    Best thing was having both a pension and 401(k) plan, even though the pension plan changed to a less generous formula in 2009. Also, retiree medical was taken away, 1/1/06, for new incoming employees. They are always looking for ways to cut company expenses, so this can effect benefits. Someone posted here, earlier, that H&W premiums and deductibles always go up. I would agree with that. Vacation is pretty standard across the industry, along with 10 annual company holidays. Be SURE to take your vacation days, as they do NOT roll over to the next calendar year.

  • May 04, 2016
    StarStarStarStarStar Current Employee in Channelview, Texas

    Company match in the 401k is only 6%

  • Apr 30, 2016
    StarStarStarStarStar Former Employee in Houston, Texas

    Ok benefit package but each year the deductibles are climbing.

  • Feb 08, 2016
    StarStarStarStarStar Current Process Engineer in Champaign, Illinois

    Tuition reimbursement is provided to employees looking to further their education. University is nearby and provides flexibility of programs.

Benefits Summary

List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

Financial & Retirement

Family & Parenting

Vacation & Time Off

Perks & Discounts

Professional Support

  • Diversity Program
  • CheckmarkJob Training (7)
  • Professional Development
  • Apprenticeship Program
  • Tuition Assistance

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