Transystems Corporation Benefits

Transystems Corporation workers receive a few retirement plans and other welfare benefits. Numerous workers in the United States, like Transystems Corporation employees, use employer-funded group health plans, through which a sizable percentage of each employee's health insurance premium is paid for by their employer. These contributions are tax deductible for companies and tax-free for workers. Transystems Corporation provides health, dental, and vision benefits. Transystems Corporation also provides group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. To help secure a stable source of money later in life, a large number of workers take advantage of employer-financed pension plans. Transystems Corporation provides defined contribution pension plans. With a defined contribution retirement plan, businesses help employees save and invest for retirement.