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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Long-term Disability Insurance
Armstrong World Industries Inc workers collect several types of pension and welfare benefits. Many employers in the United States, like Armstrong World Industries Inc, sponsor health coverage, through which businesses typically cover a large proportion of their workers' health insurance premiums. In this system, businesses receive tax deductions for their contributions and employees are given the insurance tax-free. Armstrong World Industries Inc offers health, dental, and vision insurance. Armstrong World Industries Inc also offers group life insurance and long-term disability insurance. To help ensure a reliable cash source later in life, a large number of employees enroll in employer-sponsored retirement plans. Armstrong World Industries Inc provides defined benefit pension plans and defined contribution pension plans. With a defined benefit retirement plan, retirees receive predetermined compensation when they retire. With a defined contribution pension plan, employers help employees save and invest for retirement.
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