Wofford College Benefits

At Wofford College, employees receive some retirement and welfare benefits. Like Wofford College, many companies in the United States fund health coverage for their employees, through which a significant portion of each employee's health insurance premium is funded by their employer. In this system, companies receive tax deductions for their contributions and workers are provided with the benefits tax-free. Wofford College offers health benefits. Wofford College also provides group life insurance and long-term disability insurance. To help secure a steady income flow later in life, many workers rely on employer-financed pension plans. Wofford College offers defined contribution pension plans. With a defined contribution pension plan, employers help workers save and invest for retirement.