Borroughs Corporation Benefits

At Borroughs Corporation, they provide a few pension and welfare benefits to promote employee well-being. Numerous companies in the United States, like Borroughs Corporation, fund health insurance, through which a significant portion of each worker's health insurance premium is paid for by their employer. In this system, companies are given tax deductions for their contributions and employees collect the plans tax-free. Borroughs Corporation offers health, dental, and vision benefits. Borroughs Corporation also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. To help ensure a stable flow of income later in life, a large number of employees enroll in employer-funded retirement plans. Borroughs Corporation offers defined contribution pension plans. With a defined contribution retirement plan, companies help workers save and invest for retirement.