Arrow Electronics Inc Benefits

At Arrow Electronics Inc, workers collect several retirement and welfare benefits. Like Arrow Electronics Inc employees, many members of the American workforce take advantage of health insurance sponsored by their employer, through which a considerable proportion of each worker's health insurance premium is covered by their employer. These contributions are tax deductible for employers and tax-free for employees. Arrow Electronics Inc provides health, dental, and vision insurance. Arrow Electronics Inc also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a reliable flow of income later in life, countless workers take advantage of employer-financed pension plans. Arrow Electronics Inc offers defined benefit pension plans and defined contribution pension plans. With a defined benefit retirement plan, retirees are given fixed compensation upon retirement. With a defined contribution retirement plan, employers help workers save and invest for retirement.