Chicago Mercantile Exchange Benefits

At Chicago Mercantile Exchange, employees receive several retirement savings plans and welfare benefits. A large number of Americans, like Chicago Mercantile Exchange employees, take advantage of employer-financed health benefits, through which employers typically pay a considerable portion of their employees' health insurance premiums. These contributions are tax deductible for companies and tax-free for employees. Chicago Mercantile Exchange provides health, dental, and vision coverage. Chicago Mercantile Exchange also offers 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-provided retirement plans help to ensure a steady income source later in life. Chicago Mercantile Exchange offers defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, employees are given predetermined compensation upon retirement. With a defined contribution retirement plan, companies help workers save and invest for retirement.