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Full-time and high wage workers are much more likely to have benefits, as the charts to the right indicates. [23] Benefits can be divided into as company-paid and employee-paid. Some, such as holiday pay, vacation pay, etc., are usually paid for by the firm. Others are often paid, at least in part, by employees.
Learn about the sub-discipline of human resources that deals with employee compensation and benefits policy-making. Find out the basic components, types, and theories of compensation and benefits, as well as their impact on employee satisfaction and organisational justice.
Employee benefits are non-wage compensation provided to employees in addition to their normal wages or salaries. They can be mandated by regulation or discretionary, and include housing, insurance, retirement, tuition, leave, and other benefits.
Learn about the history, types, and funding of public sector pensions in the U.S. at the federal, state, and local levels. Compare the retirement benefits and risks of different plans and systems across the country.
A 401 (k) plan is a personal retirement account that allows employees to contribute pre-tax or after-tax income to their retirement savings. Learn about the history, taxation, types, and rules of 401 (k) plans in the United States.
The Social Security Wage Base (SSWB) is the maximum income on which a worker pays Social Security tax in the US. Learn about the current and historical SSWB amounts, the tax rates, and the exemptions for some occupations.
Learn about the retirement system for U.S. civil service employees, which consists of three components: FERS annuity, Social Security, and Thrift Savings Plan. Find out the eligibility, contributions, and benefit calculations for FERS annuity.
EBSA is a federal agency of the Department of Labor that regulates and enforces ERISA, the law that governs retirement and health plans. It has nine program offices, 15 regional and district field offices, and provides policy analysis, research, and assistance to the public.
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