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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
Lufkin Industries, Inc. workers receive many retirement savings plans and other amenities. A large number of businesses in the United States, like Lufkin Industries, Inc., provide health insurance for their employees, through which a sizable portion of each worker's health insurance premium is covered by their employer. These contributions are tax deductible for businesses and tax-free for workers. Lufkin Industries, Inc. offers vision, dental, and health benefits. Lufkin Industries, Inc. also offers group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-provided retirement plans help to ensure a steady income flow later in life. Lufkin Industries, Inc. offers defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, workers receive fixed compensation when they reach retirement. With a defined contribution pension plan, businesses help employees save and invest for retirement.
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