VF Corporation Benefits

VF Corporation offers several types of retirement and welfare benefits for their workers. Like VF Corporation employees, a large number of Americans use employer-provided health benefits, through which a large proportion of each worker's health insurance premium is paid for by their employer. In this arrangement, businesses collect tax deductions for their contributions and workers are provided with the coverage tax-free. VF Corporation provides health, dental, and vision benefits. VF Corporation also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. To help ensure a dependable source of cash later in life, many employees depend on employer-financed pension plans. VF Corporation provides defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays retirees a fixed amount upon retirement. With a defined contribution pension plan, companies help workers save and invest for retirement.