Liberty Bank Benefits

Liberty Bank provides several types of pension benefits and other welfare benefits. Like Liberty Bank employees, a large number of American workers rely on employer-sponsored health benefits, through which a considerable portion of each employee's health insurance premium is covered by their employer. These contributions are tax deductible for companies and tax-free for employees. Liberty Bank provides health, dental, and vision plans. Liberty Bank also offers group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. To help guarantee a stable flow of cash later in life, countless employees avail themselves of employer-financed pension plans. Liberty Bank provides defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, workers are provided with predetermined compensation when they retire. With a defined contribution retirement plan, employers help workers save and invest for retirement.