Merrimack College Benefits

Merrimack College offers some retirement and welfare benefits. Like Merrimack College, numerous American businesses provide group health insurance, through which businesses typically foot the bill for a considerable percentage of their employees' health insurance premiums. In this arrangement, employers collect tax deductions for their contributions and workers are given the insurance tax-free. Merrimack College provides health, dental, and vision plans. Merrimack College also offers group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. To help guarantee a stable stream of cash later in life, many workers participate in employer-financed pension plans. Merrimack College provides defined contribution pension plans. With a defined contribution pension plan, businesses help employees save and invest for retirement.