VF Corporation Benefits

At VF Corporation, workers receive many options for pension benefits and other amenities. Many businesses in the United States, like VF Corporation, finance group health insurance for their employees, through which a sizable proportion of each worker's health insurance premium is funded by their employer. In this system, employers are provided with tax deductions for their contributions and workers are provided with the benefits tax-free. VF Corporation provides health, dental, and vision coverage. 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 cash flow later in life, many workers use employer-provided retirement plans. VF Corporation provides defined benefit pension plans and defined contribution pension plans. Retirees at companies with defined benefit retirement plans collect a predetermined amount when they reach retirement. With a defined contribution retirement plan, companies help employees save and invest for retirement.