Tecumseh Products Company Benefits

At Tecumseh Products Company, they provide several options for pension plans and amenities to promote employee well-being. Like Tecumseh Products Company employees, many employees in the United States use group health plans sponsored by their employer, through which a significant portion of each employee's health insurance premium is funded by their employer. In this system, companies are provided with tax deductions for their contributions and workers collect the insurance tax-free. Tecumseh Products Company offers health, dental, and vision plans. Tecumseh Products Company also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-sponsored pension plans help to guarantee a stable source of income later in life. Tecumseh Products Company provides defined benefit pension plans and defined contribution pension plans. Businesses with defined benefit pension plans pay retirees a fixed amount when they reach retirement. With a defined contribution pension plan, companies help workers save and invest for retirement.