American Petroleum Institute Benefits

At American Petroleum Institute, they offer many options for retirement and welfare benefits. Many American employers, like American Petroleum Institute, sponsor health plans for their employees, through which a considerable portion of each worker's health insurance premium is covered by their employer. These contributions are tax deductible for employers and tax-free for workers. American Petroleum Institute offers health and dental benefits. American Petroleum Institute also provides group life insurance, death benefits, which cover certain causes of death, and long-term disability insurance. Employer-financed retirement plans help to guarantee a steady money flow later in life. American Petroleum Institute provides defined benefit pension plans and defined contribution pension plans. Businesses with defined benefit retirement plans pay workers a predetermined sum when they reach retirement. With a defined contribution retirement plan, employers help employees save and invest for retirement.