Philadelphia Federal Credit Union Benefits

At Philadelphia Federal Credit Union, they offer many pension plans and amenities for their employees. Like Philadelphia Federal Credit Union employees, numerous workers in the United States avail themselves of employer-funded health insurance, through which businesses typically cover a significant portion of their employees' health insurance premiums. In this system, businesses receive tax deductions for their contributions and employees are given the insurance tax-free. Philadelphia Federal Credit Union offers health, dental, and vision benefits. Philadelphia Federal Credit Union also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. To help guarantee a stable cash flow later in life, a large number of employees avail themselves of employer-sponsored pension plans. Philadelphia Federal Credit Union provides defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays retirees a predetermined amount upon retirement. With a defined contribution retirement plan, businesses help workers save and invest for retirement.