Most Popular Benefits
Paid Holidays / Vacation
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Paid Sick Leave
Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Accidental Death & Dismemberment Insurance
Long-term Disability Insurance
Temporary Disability Insurance
SPX Corporation provides several retirement and welfare benefits. Like SPX Corporation, many American companies fund health coverage for their employees, through which businesses typically pay a significant portion of their employees' health insurance premiums. In this arrangement, businesses are given tax deductions for their contributions and workers collect the plans tax-free. SPX Corporation offers health, dental, and vision coverage. SPX Corporation also offers group life insurance, death benefits, which cover certain causes of death, long-term disability insurance, and short-term disability insurance for accidents or illness. To help ensure a stable cash flow later in life, countless employees avail themselves of employer-financed pension plans. SPX Corporation provides defined benefit pension plans and defined contribution pension plans. Employees at companies with defined benefit retirement plans are provided with a fixed sum when they reach retirement. With a defined contribution retirement plan, employers help employees save and invest for retirement.