Tecumseh Products Company Benefits

Tecumseh Products Company workers collect many options for retirement and welfare benefits. A large number of American employers, like Tecumseh Products Company, finance health insurance, through which a sizable percentage of each worker's health insurance premium is funded by their employer. These contributions are tax deductible for employers and tax-free for employees. Tecumseh Products Company provides health, dental, and vision plans. Tecumseh Products Company also offers group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help guarantee a steady cash stream later in life, a large number of workers enroll in employer-provided pension plans. Tecumseh Products Company offers defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, employees receive fixed compensation when they reach retirement. With a defined contribution pension plan, employers help workers save and invest for retirement.