Sevatec Benefits

At Sevatec, workers collect some pension benefits and perks. Like Sevatec, many companies in the United States sponsor health plans, through which a significant proportion of each employee's health insurance premium is funded by their employer. In this system, businesses are given tax deductions for their contributions and workers collect the plans tax-free. Sevatec provides health and dental coverage. Sevatec also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-sponsored pension plans help to ensure a steady money flow later in life. Sevatec provides defined contribution pension plans. With a defined contribution pension plan, employers help workers save and invest for retirement.