Washington College Benefits

At Washington College, they offer a few retirement and welfare benefits. A large number of American employers, like Washington College, fund health insurance for their employees, through which a sizable portion of each employee's health insurance premium is paid for by their employer. These contributions are tax deductible for employers and tax-free for employees. Washington College provides health, dental, and vision insurance. Washington College also provides long-term disability insurance, group life insurance, and death benefits, which cover certain causes of death. To help ensure a dependable flow of money later in life, many workers participate in employer-funded pension plans. Washington College offers defined contribution pension plans. With a defined contribution retirement plan, employers help workers save and invest for retirement.