Retirement
This is an employer-provided, pre-tax contribution, retirement account.
What is a 401k?
This type of insurance can be used for end-of-life and paid out to your family.
What is life insurance? *Note: it can also be used as a retirement fund if it contains a cash value component and are called PERMANENT life insurance.
The unfair or unjust treatment of others by an employer based on disabilities.
What is discrimination?
*The ADA has included mental health disorders as a disability
Edward Snowden became infamous for doing this to the NSA in 2013.
What is "whistleblowing"?
*Whistleblowing is federally protected.
When your company gives a percentage amount to your retirement savings plan.
What is a match?
*This is based on the amount you contribute, and could be full or partial.
This benefit enables you to pay for things like sunblock or massage therapy with pre-tax dollars.
What is an FSA/Flexible Spending Account?
*The money does not roll-over into the next year or to another company.
It has previously been considered taboo to discuss this topic with coworkers since "finances are private".
What is wages/compensation/pay?
*The NLRA makes it so company cannot prohibit or penalize employees for discussing or sharing it.
A group of two or more employees who organize together to maintain or improve the conditions of their employment.
What is a Union?
Retirement account that uses wages that have already been taxed, but makes all future withdrawals and gains tax free.
What is an IRA?
*There are Roth and Individual IRAs.
The money you pay for health services before your insurance will start to help you with your medical bills.
What is a "deductible".
Signed into law in 2010, this healthcare reform requires companies to offer health benefits if they have 50 or more full-time employees.
What is ACA/Obamacare?
*Under the ACA, full-time is considered to be 30hrs/wk. A company is affected if they have 50 full-time EQUIVALENTS.
This type of worker can set their own hours, provide their own equipment, and is paid based on a specified project or set amount of time.
What is a 1099/independent contractor?
The amount of time an employee is required to work at a company before the company's 401k match contribution is officially theirs.
What is a vesting period?
This type of pre-tax savings account is provided only for plans that have a high deductible.
What is an HSA/Health Savings Account.
*This money rolls over indefinitely and can even be invested to receive capital gains. The funds can be used for any medical expense even after retirement.
This rule sets national standards to protect an individuals' health information and limits how it can be used or shared.
What is HIPAA Rule?
They enforce federal laws that make it illegal to discriminate against a job applicant or an employee, and conduct investigations.
What is the Equal Employment Opportunity Commission/EEOC?