Penn Terminals Benefits

At Penn Terminals, they provide a few retirement plans and other amenities. Like Penn Terminals, countless American employers provide group health coverage for their employees, through which companies typically foot the bill for a sizable proportion of their workers' health insurance premiums. In this setup, companies receive tax deductions for their contributions and workers are provided with the benefits tax-free. Penn Terminals provides health and dental coverage. Penn Terminals 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 stream of cash later in life, many employees participate in employer-sponsored pension plans. Penn Terminals offers defined contribution pension plans. With a defined contribution retirement plan, employers help workers save and invest for retirement.