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Retirement & Financial Benefits
Defined Benefit Pension Plan
Defined Contribution Pension Plan
Health & Insurance Benefits
Temporary Disability Insurance
Long-term Disability Insurance
Accidental Death & Dismemberment Insurance
The Manitowoc Company, Inc. provides many options for retirement and welfare benefits. Many businesses in the United States, like The Manitowoc Company, Inc., provide group health coverage for their employees, through which a significant percentage of each worker's health insurance premium is funded by their employer. In this arrangement, companies collect tax deductions for their contributions and workers collect the coverage tax-free. The Manitowoc Company, Inc. offers health, dental, and vision plans. The Manitowoc Company, Inc. 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. To help secure a steady source of cash later in life, many workers rely on employer-funded pension plans. The Manitowoc Company, Inc. offers defined benefit pension plans and defined contribution pension plans. Companies with defined benefit retirement plans pay retirees a fixed sum when they reach retirement. With a defined contribution retirement plan, businesses help workers save and invest for retirement.
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