Volvo Group North America Benefits

At Volvo Group North America, they provide many options for retirement and welfare benefits to promote employee well-being. Like Volvo Group North America employees, numerous American workers participate in employer-funded group health plans, through which a sizable percentage of each employee's health insurance premium is funded by their employer. These contributions are tax deductible for employers and tax-free for workers. Volvo Group North America provides health, dental, and vision coverage. Volvo Group North America also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help guarantee a stable flow of cash later in life, numerous workers participate in employer-sponsored retirement plans. Volvo Group North America offers defined benefit pension plans and defined contribution pension plans. Businesses with defined benefit retirement plans pay retirees a predetermined sum when they reach retirement. With a defined contribution pension plan, businesses help workers save and invest for retirement.