The American College Benefits

The American College offers several pension and welfare benefits for their employees. Like The American College, numerous American businesses fund group health insurance for their employees, through which a significant portion of each worker's health insurance premium is funded by their employer. These contributions are tax deductible for businesses and tax-free for employees. The American College provides health, dental, and vision insurance. The American College also provides group life insurance, long-term disability insurance, and short-term disability insurance for accidents or illness. To help ensure a reliable income stream later in life, countless workers avail themselves of employer-provided retirement plans. The American College offers defined benefit pension plans and defined contribution pension plans. With a defined benefit retirement plan, retirees are given predetermined compensation upon retirement. With a defined contribution pension plan, employers help employees save and invest for retirement.