Dow Corning Corporation Benefits

Dow Corning Corporation offers several types of retirement and welfare benefits for their workers. Like Dow Corning Corporation workers, a large number of American employees depend on health insurance provided by their employer, through which a considerable portion of each worker's health insurance premium is funded by their employer. In this system, businesses are given tax deductions for their contributions and employees are given the insurance tax-free. Dow Corning Corporation offers health, dental, and vision benefits. Dow Corning Corporation also provides long-term disability insurance, group life insurance, and death benefits, which cover certain causes of death. Employer-provided retirement plans help to secure a reliable income flow later in life. Dow Corning Corporation offers defined benefit pension plans and defined contribution pension plans. Employers with defined benefit retirement plans pay retirees a predetermined amount upon retirement. With a defined contribution retirement plan, employers help employees save and invest for retirement.