Columbus Mckinnon Corporation Benefits

Columbus Mckinnon Corporation provides several options for retirement plans and perks. Like Columbus Mckinnon Corporation workers, countless American workers use employer-funded health coverage, through which a sizable proportion of each worker's health insurance premium is covered by their employer. These contributions are tax deductible for businesses and tax-free for employees. Columbus Mckinnon Corporation offers health and dental plans. Columbus Mckinnon Corporation also provides group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a reliable source of income later in life, a large number of workers avail themselves of employer-funded retirement plans. Columbus Mckinnon Corporation offers defined benefit pension plans and defined contribution pension plans. Companies with defined benefit pension plans pay retirees a fixed amount when they reach retirement. With a defined contribution pension plan, companies help workers save and invest for retirement.