Most Popular Benefits
Paid Sick Leave
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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
State Street Corporation offers several types of retirement plans and welfare benefits to promote employee well-being. Like State Street Corporation, a large number of American employers fund group health plans for their employees, through which a sizable portion of each worker's health insurance premium is covered by their employer. These contributions are tax deductible for businesses and tax-free for employees. State Street Corporation provides health, dental, and vision insurance. State Street Corporation also offers group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-provided pension plans help to secure a reliable source of money later in life. State Street Corporation provides defined benefit pension plans and defined contribution pension plans. A defined benefit retirement plan pays retirees a fixed sum when they reach retirement. With a defined contribution pension plan, employers help workers save and invest for retirement.
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