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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Long-term Disability Insurance
United Technologies Corporation offers several pension and welfare benefits. Like United Technologies Corporation employees, many American employees avail themselves of employer-provided group health plans, through which businesses typically cover a significant portion of their employees' health insurance premiums. These contributions are tax deductible for employers and tax-free for workers. United Technologies Corporation provides health, dental, and vision coverage. United Technologies Corporation also provides group life insurance and long-term disability insurance. Employer-provided pension plans help to ensure a stable cash flow later in life. United Technologies Corporation provides defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays workers a fixed sum when they reach retirement. With a defined contribution pension plan, businesses help workers save and invest for retirement.
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