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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
FirstMerit Corporation workers collect many options for pension and welfare benefits. Like FirstMerit Corporation, numerous American employers sponsor health insurance, through which companies typically pay a considerable proportion of their employees' health insurance premiums. In this arrangement, employers are given tax deductions for their contributions and employees are given the plans tax-free. FirstMerit Corporation provides health, dental, and vision benefits. FirstMerit Corporation also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-provided pension plans help to ensure a steady stream of cash later in life. FirstMerit Corporation provides defined benefit pension plans and defined contribution pension plans. Companies with defined benefit retirement plans pay retirees a fixed amount when they retire. With a defined contribution retirement plan, businesses help workers save and invest for retirement.
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