Wacker Chemical Corporation Benefits

At Wacker Chemical Corporation, workers are provided with a few retirement plans and amenities. Many American businesses, like Wacker Chemical Corporation, sponsor group health insurance for their employees, through which a sizable percentage of each worker's health insurance premium is paid for by their employer. These contributions are tax deductible for businesses and tax-free for workers. Wacker Chemical Corporation provides health and dental plans. Wacker Chemical Corporation also provides group life insurance, short-term disability insurance for accidents or illness, and long-term disability insurance. Employer-financed retirement plans help to ensure a steady flow of income later in life. Wacker Chemical Corporation provides defined benefit pension plans and defined contribution pension plans. A defined benefit pension plan pays workers a predetermined amount upon retirement. With a defined contribution retirement plan, companies help employees save and invest for retirement.