International Business Machines (IBM) Corp. Benefits

International Business Machines (IBM) Corp. workers are given several options for retirement savings plans and amenities. Like International Business Machines (IBM) Corp. employees, many American workers rely on group health coverage sponsored by their employer, through which employers typically foot the bill for a considerable proportion of their employees' health insurance premiums. In this system, employers are provided with tax deductions for their contributions and workers are given the insurance tax-free. International Business Machines (IBM) Corp. provides health, dental, and vision plans. International Business Machines (IBM) Corp. also offers 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-funded pension plans help to guarantee a dependable stream of cash later in life. International Business Machines (IBM) Corp. provides defined benefit pension plans and defined contribution pension plans. A defined benefit retirement plan pays employees a predetermined sum when they reach retirement. With a defined contribution pension plan, employers help employees save and invest for retirement.