Norway Savings Bank Benefits

Norway Savings Bank workers are given several types of retirement and welfare benefits. Countless Americans, like Norway Savings Bank workers, avail themselves of employer-sponsored health plans, through which businesses typically cover a significant portion of their workers' health insurance premiums. These contributions are tax deductible for employers and tax-free for employees. Norway Savings Bank offers health, dental, and vision plans. Norway Savings Bank also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-sponsored retirement plans help to guarantee a reliable source of money later in life. Norway Savings Bank provides defined benefit pension plans and defined contribution pension plans. Employees at companies with defined benefit pension plans are provided with a predetermined sum when they retire. With a defined contribution retirement plan, companies help workers save and invest for retirement.