Masco Corporation Benefits

Masco Corporation employees collect several retirement and welfare benefits. Many American businesses, like Masco Corporation, fund group health plans for their employees, through which a considerable percentage of each worker's health insurance premium is covered by their employer. In this system, employers receive tax deductions for their contributions and employees collect the plans tax-free. Masco Corporation provides health, dental, and vision coverage. Masco Corporation 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. Employer-sponsored pension plans help to ensure a reliable source of money later in life. Masco Corporation provides defined benefit pension plans and defined contribution pension plans. Retirees at employers with defined benefit retirement plans are given a fixed sum when they retire. With a defined contribution retirement plan, companies help employees save and invest for retirement.