Types of Benefits
This type of benefit is most commonly provided by employers and the government
What is health insurance?
Missing more than one week of work due to illness falls under this benefit
What is Disability Insurance?
Employees are considered "part-time" if they work less this this number of hours.
What is 40 hours?
Non-mandated benefits are at this discretion of these people.
What is the employer?
This form is usually given out to employees at the end of January to take record of their previous year's earnings.
What is a W2?
You would utilize this type of benefit if you were injured while working
What is workers compensation?
Under the Affordable Care Act, "ALE" stands for "Applicable _ _"
What is "Large Employers"
Part-time employees who work at least 30 hours must receive this, per the Affordable Care Act.
What is health insurance?
This benefit means employers may help pay for your time in school
What is educational assistance?
A paystub will include a record of these, such as Federal Income Tax, Medicare, or Social Security
What are deductions?
The act that created this benefit is abbreviated "FMLA"
What is Family Medical Leave Act?
Unemployment insurence is administered by this
What is individual states?
(Not the federal government)
This may take precedence over federal labor statutes.
What is state and local laws?
If you have a young child you may qualify for this non-mandated benefit
What is childcare assistance?
Hourly workers are paid this if they work overtime.
What is time and a half?
This benefit is not federally mandated but is a required benefit is five (5) US states
What is Disability Insurance?
These are the three groups that are eligible to recieve benefits under FICA law.
What are children, elderly, and disabled individuals?
The "1,000 hour rule" falls under this federal law abbreviated "ERISA"
What is the Employee Retirement Income Security Act?
This benefit means you can make money while relaxing at the beach.
What is paid vacation time?
This is the federal program designed to help students pay for college.
What is FAFSA?
Employers must withhold this benefit at 1.45% of gross compensation.
What is Medicare?
Companies can meet requirements for workers compensation through two ways. Either by opting for state-run insurance or this type of insurance.
What is self-insurance?
Executive Order 13706 made this into law
What is paid sick leave for part-time federal contractors?
Many companies will provide additional benefits for this reason
What is a competitive edge in recruiting/hiring?
(OR keeping a happy workforce)
If you are paid 24 times a year, you would be under this type of pay cycle.
What is semimonthly?