MassMutual matches participants' contributions up to three percent of salary, with 50 percent matching for the first three years and 100 percent matching thereafter. Matching contributions are fully vested after three years or employment. Pension Plan MassMutual's pension plan offers retirement benefits at no cost to eligible employees. Plan membership begins immediately upon hire.
Participants become fully vested after completing five years of service.
Life Insurance MassMutual provides group term life insurance protection for beneficiaries if an employee dies while employed at MassMutual. Employees may purchase dependent life insurance for their spouse and children. Employees who are unable to work because of an extended illness or accident are eligible to receive up to 26 weeks of STD coverage. Length of service determines the rate at which benefits are paid. Plan LTD offers protection if an employee is disabled by a serious illness or injury for more than six months.