Essroc Cement Corp. Benefits

At Essroc Cement Corp., workers are provided with many options for pension and welfare benefits. Numerous members of the American workforce, like Essroc Cement Corp. employees, participate in employer-sponsored health coverage, through which employers typically cover a considerable portion of their employees' health insurance premiums. In this arrangement, companies receive tax deductions for their contributions and employees are provided with the plans tax-free. Essroc Cement Corp. provides health and dental insurance. Essroc Cement Corp. also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help secure a reliable stream of cash later in life, a large number of workers take advantage of employer-funded retirement plans. Essroc Cement Corp. offers defined benefit pension plans and defined contribution pension plans. Retirees at companies with defined benefit retirement plans collect a fixed sum upon retirement. With a defined contribution retirement plan, employers help workers save and invest for retirement.