Osram Sylvania, Inc. Benefits

At Osram Sylvania, Inc., employees are given several types of retirement and welfare benefits. Like Osram Sylvania, Inc., numerous companies in the United States sponsor group health coverage for their employees, through which a considerable proportion of each worker's health insurance premium is funded by their employer. In this setup, companies are given tax deductions for their contributions and workers are given the plans tax-free. Osram Sylvania, Inc. provides health, dental, and vision insurance. Osram Sylvania, Inc. also offers 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-provided pension plans help to secure a dependable money source later in life. Osram Sylvania, Inc. provides defined benefit pension plans and defined contribution pension plans. Retirees at employers with defined benefit retirement plans receive a fixed amount when they retire. With a defined contribution pension plan, businesses help employees save and invest for retirement.