Vinson & Elkins L.L.P. Benefits

At Vinson & Elkins L.L.P., workers receive several types of retirement and welfare benefits. Like Vinson & Elkins L.L.P., countless American businesses sponsor group health insurance for their employees, through which businesses typically pay a significant proportion of their workers' health insurance premiums. These contributions are tax deductible for businesses and tax-free for employees. Vinson & Elkins L.L.P. offers health, vision, and dental plans. Vinson & Elkins L.L.P. also offers group life insurance, death benefits, which cover certain causes of death, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-sponsored retirement plans help to guarantee a steady flow of income later in life. Vinson & Elkins L.L.P. provides defined benefit pension plans and defined contribution pension plans. A defined benefit retirement plan pays retirees a fixed sum upon retirement. With a defined contribution pension plan, businesses help workers save and invest for retirement.