United Refining Company Benefits

United Refining Company provides a few pension and welfare benefits. Like United Refining Company employees, a large number of American employees participate in health coverage provided by their employer, through which a sizable proportion of each worker's health insurance premium is paid for by their employer. These contributions are tax deductible for companies and tax-free for employees. United Refining Company offers health and dental insurance. United Refining Company also provides group life insurance and long-term disability insurance. To help ensure a dependable source of cash later in life, many employees take advantage of employer-provided pension plans. United Refining Company provides defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays retirees a predetermined amount when they reach retirement. With a defined contribution pension plan, companies help workers save and invest for retirement.