Crane Co Benefits

Crane Co provides a few retirement savings plans and amenities. Like Crane Co, a large number of American businesses provide group health insurance for their employees, through which a significant percentage of each employee's health insurance premium is funded by their employer. In this arrangement, businesses collect tax deductions for their contributions and employees are provided with the plans tax-free. Crane Co offers health and dental plans. Crane Co also offers death benefits, which cover certain causes of death, group life insurance, and long-term disability insurance. To help secure a steady flow of cash later in life, numerous workers depend on employer-sponsored pension plans. Crane Co offers defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays workers a fixed amount when they reach retirement. With a defined contribution retirement plan, companies help employees save and invest for retirement.