The Scotts Company Benefits

The Scotts Company provides many pension plans and other amenities to promote employee well-being. Like The Scotts Company, a large number of businesses in the United States sponsor health insurance, through which a sizable portion of each worker's health insurance premium is paid for by their employer. These contributions are tax deductible for businesses and tax-free for employees. The Scotts Company offers health, dental, and vision plans. The Scotts 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 secure a steady money flow later in life, a large number of employees depend on employer-financed pension plans. The Scotts Company offers defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, workers are given predetermined compensation when they reach retirement. With a defined contribution pension plan, companies help employees save and invest for retirement.