Most Popular Benefits
Company Pension Plan
Paid Holidays / Vacation
Paid Sick Leave
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Private Medical Insurance (PMI)
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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
Temporary Disability Insurance
At Abbott Laboratories, they provide several options for retirement benefits and amenities. Like Abbott Laboratories employees, a large number of American employees rely on group health plans sponsored by their employer, through which a significant proportion of each employee's health insurance premium is funded by their employer. These contributions are tax deductible for employers and tax-free for workers. Abbott Laboratories provides health, dental, and vision plans. Abbott Laboratories also provides long-term disability insurance, group life insurance, death benefits, which cover certain causes of death, and short-term disability insurance for accidents or illness. Employer-funded retirement plans help to ensure a steady source of cash later in life. Abbott Laboratories provides defined benefit pension plans and defined contribution pension plans. Workers at businesses with defined benefit retirement plans are given a predetermined amount upon retirement. With a defined contribution pension plan, employers help employees save and invest for retirement.
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