Crane Co Benefits

Crane Co employees receive a few retirement and welfare benefits. Numerous American companies, like Crane Co, finance group health benefits, through which a large proportion of each worker's health insurance premium is covered by their employer. In this arrangement, companies are provided with tax deductions for their contributions and workers receive the insurance tax-free. Crane Co provides health and dental plans. Crane Co also provides death benefits, which cover certain causes of death, group life insurance, and long-term disability insurance. Employer-provided retirement plans help to guarantee a dependable cash stream later in life. Crane Co provides defined benefit pension plans and defined contribution pension plans. Retirees at employers with defined benefit retirement plans receive a predetermined amount when they retire. With a defined contribution retirement plan, businesses help employees save and invest for retirement.