Most Popular Benefits
Paid Holidays / Vacation
Paid Sick Leave
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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
Bank of America Corporation provides many retirement and welfare benefits to promote employee well-being. Like Bank of America Corporation, countless American businesses sponsor health coverage for their employees, through which employers typically foot the bill for a significant percentage of their workers' health insurance premiums. In this arrangement, employers are given tax deductions for their contributions and workers are given the insurance tax-free. Bank of America Corporation offers health, dental, and vision coverage. Bank of America Corporation 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. Employer-financed pension plans help to ensure a reliable cash source later in life. Bank of America Corporation offers 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 retirement plan, businesses help employees save and invest for retirement.
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