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Retirement & Financial Benefits
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
Pharr Yarns offers a few pension and welfare benefits. Like Pharr Yarns workers, many workers in the United States avail themselves of health benefits sponsored by their employer, through which businesses typically foot the bill for a significant portion of their employees' health insurance premiums. In this system, employers collect tax deductions for their contributions and employees are provided with the insurance tax-free. Pharr Yarns offers health and dental plans. Pharr Yarns also offers group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-provided retirement plans help to guarantee a reliable source of cash later in life. Pharr Yarns provides defined contribution pension plans. With a defined contribution pension plan, companies help workers save and invest for retirement.
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