Maersk, Inc. Benefits

Maersk, Inc. workers are given several options for pension plans and welfare benefits. Numerous American employers, like Maersk, Inc., provide health plans, through which a large proportion of each employee's health insurance premium is funded by their employer. In this setup, companies collect tax deductions for their contributions and employees are given the benefits tax-free. Maersk, Inc. provides health, dental, and vision coverage. Maersk, Inc. also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a steady source of cash later in life, many workers take advantage of employer-provided retirement plans. Maersk, Inc. provides defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, employees collect predetermined compensation when they reach retirement. With a defined contribution retirement plan, companies help employees save and invest for retirement.