International Business Machines (IBM) Corp. Benefits

At International Business Machines (IBM) Corp., they provide many options for pension and welfare benefits to promote employee well-being. Like International Business Machines (IBM) Corp. employees, many employees in the United States take advantage of health coverage sponsored by their employer, through which a large portion of each employee's health insurance premium is covered by their employer. These contributions are tax deductible for employers and tax-free for employees. International Business Machines (IBM) Corp. offers health, dental, and vision insurance. International Business Machines (IBM) Corp. also provides group life insurance, long-term disability insurance, short-term disability insurance for accidents or illness, and death benefits, which cover certain causes of death. Employer-financed pension plans help to ensure a stable flow of cash later in life. International Business Machines (IBM) Corp. offers defined benefit pension plans and defined contribution pension plans. Employers with defined benefit retirement plans pay workers a predetermined sum when they reach retirement. With a defined contribution pension plan, businesses help workers save and invest for retirement.