Most Popular Benefits
Paid Holidays / Vacation
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Paid Sick Leave
Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
Eaton Corporation employees collect several types of retirement and welfare benefits. Like Eaton Corporation employees, many members of the American workforce enroll in group health plans sponsored by their employer, through which companies typically foot the bill for a large percentage of their employees' health insurance premiums. In this arrangement, employers are given tax deductions for their contributions and employees receive the coverage tax-free. Eaton Corporation provides health, dental, and vision insurance. Eaton Corporation also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. To help ensure a dependable source of money later in life, a large number of workers take advantage of employer-sponsored pension plans. Eaton Corporation provides defined benefit pension plans and defined contribution pension plans. Companies with defined benefit pension plans pay employees a predetermined sum when they retire. With a defined contribution pension plan, employers help employees save and invest for retirement.
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