Retirement benefits are also commonplace. Contributions and earnings grow tax-deferred until retirement and many employers match their workers' contributions by a specified percentage. Other Salary-Reduction Retirement Savings Plans. There are also 457 plans for employees of state and local governments or tax-exempt organizations. Group Term Life Insurance.
Some employers provide group term life insurance.
It is generally cheaper than individual coverage and is more likely to insure you regardless of your medical history. If you leave your job, however, you often lose this coverage. Many group term policies pay a multiple of a worker's salary. Legal and Financial Counseling, Employee Assistance Programs. Specific services include retirement planning advice, financial seminars, and individual counseling.