Convergys Corporation Benefits

At Convergys Corporation, workers collect several types of retirement and welfare benefits. A large number of employees in the United States, like Convergys Corporation workers, participate in employer-provided health benefits, through which businesses typically pay a large percentage of their workers' health insurance premiums. In this arrangement, businesses are given tax deductions for their contributions and employees are provided with the plans tax-free. Convergys Corporation offers health, dental, and vision plans. Convergys Corporation also offers group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. To help guarantee a stable cash stream later in life, countless employees depend on employer-sponsored retirement plans. Convergys Corporation provides defined benefit pension plans and defined contribution pension plans. Employers with defined benefit retirement plans pay employees a predetermined amount when they retire. With a defined contribution retirement plan, employers help employees save and invest for retirement.