Oberg Industries, Inc. Benefits

Oberg Industries, Inc. offers several pension and welfare benefits for their workers. A large number of American workers, like Oberg Industries, Inc. workers, depend on employer-sponsored group health insurance, through which a sizable proportion of each employee's health insurance premium is paid for by their employer. In this arrangement, employers are provided with tax deductions for their contributions and employees collect the coverage tax-free. Oberg Industries, Inc. provides health and dental benefits. Oberg Industries, Inc. also offers group life insurance, long-term disability insurance, death benefits, which cover certain causes of death, and short-term disability insurance for accidents or illness. Employer-funded pension plans help to secure a dependable cash source later in life. Oberg Industries, Inc. provides defined benefit pension plans and defined contribution pension plans. Companies with defined benefit pension plans pay employees a predetermined sum when they retire. With a defined contribution pension plan, companies help employees save and invest for retirement.