Belk Stores Services Benefits

At Belk Stores Services, they provide several options for retirement benefits and other perks. Many Americans, like Belk Stores Services employees, participate in health coverage sponsored by their employer, through which a significant percentage of each worker's health insurance premium is paid for by their employer. These contributions are tax deductible for employers and tax-free for employees. Belk Stores Services offers vision, dental, and health plans. Belk Stores Services also offers long-term disability insurance, short-term disability insurance for accidents or illness, death benefits, which cover certain causes of death, and group life insurance. Employer-provided pension plans help to guarantee a steady money source later in life. Belk Stores Services offers defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays workers a predetermined sum upon retirement. With a defined contribution retirement plan, businesses help employees save and invest for retirement.