Masco Corporation Benefits

Masco Corporation provides several types of pension benefits and other perks to promote employee well-being. A large number of businesses in the United States, like Masco Corporation, fund health plans, through which a considerable percentage of each employee's health insurance premium is paid for by their employer. These contributions are tax deductible for businesses and tax-free for employees. Masco Corporation offers health, dental, and vision plans. 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. To help ensure a steady flow of cash later in life, countless employees depend on employer-funded retirement plans. Masco Corporation provides defined benefit pension plans and defined contribution pension plans. A defined benefit retirement plan pays retirees a predetermined amount when they retire. With a defined contribution pension plan, businesses help employees save and invest for retirement.