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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Accidental Death & Dismemberment Insurance
Long-term Disability Insurance
General Mills, Inc. provides several retirement and welfare benefits to promote employee well-being. Numerous American businesses, like General Mills, Inc., provide health benefits, through which companies typically foot the bill for a significant portion of their employees' health insurance premiums. In this arrangement, businesses are given tax deductions for their contributions and employees receive the benefits tax-free. General Mills, Inc. provides health, dental, and vision insurance. General Mills, Inc. also provides group life insurance, short-term disability insurance for accidents or illness, death benefits, which cover certain causes of death, and long-term disability insurance. Employer-funded retirement plans help to secure a stable flow of income later in life. General Mills, Inc. offers defined benefit pension plans and defined contribution pension plans. Companies with defined benefit retirement plans pay retirees a predetermined amount when they retire. With a defined contribution pension plan, businesses help employees save and invest for retirement.
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