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Retirement & Financial Benefits
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
Penn United Technologies employees are provided with several retirement savings plans and other welfare benefits. Like Penn United Technologies workers, a large number of workers in the United States depend on employer-provided health insurance, through which companies typically cover a large percentage of their workers' health insurance premiums. These contributions are tax deductible for employers and tax-free for employees. Penn United Technologies provides health, dental, and vision plans. Penn United Technologies also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-provided retirement plans help to ensure a steady income stream later in life. Penn United Technologies provides defined contribution pension plans. With a defined contribution retirement plan, employers help workers save and invest for retirement.
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