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3 FUNDAMENTAL ROLES Protection Programs Paid Time-off

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Presentation on theme: "3 FUNDAMENTAL ROLES Protection Programs Paid Time-off"— Presentation transcript:

1 3 FUNDAMENTAL ROLES Protection Programs Paid Time-off
Accommodation and Enhancement Benefits

2 LEGALLY REQUIRED BENEFITS
Benefits Required by Law Social Security Act of 1935, State Workers’ Compensation Laws Family and Medical Leave Act of 1993

3 SOCIAL SECURITY ACT 2 Original Programs Amendments Retirement System
Unemployment Insurance Program Amendments OASDI Medicare

4 OBJECTIVES OF WORKERS' COMPENSATION
Income and Medical Benefits for Victims Remedy to Reduce Litigation Time & Expense Relieve Charities of Financial Drains Improve Workplace Safety Encourage Accident Investigations

5 FMLA Provides Job Protection to Employees in Case of Medical or Family Emergencies 12 Weeks of Unpaid Leave 1,250 Hours in 12-Month Period

6 DISCRETIONARY BENEFITS
Originally Known as Welfare Practices Three Main Roles Income and Health Protections Paid Time - Off Accommodation and Enhancement

7 INCOME PROTECTION PROGRAMS
Disability Insurance Life Insurance Retirement Plans

8 RETIREMENT PLANS Defined Contribution Plans Defined Benefits Plans
Hybrid Plans

9 HEALTH INSURANCE PROGRAMS
Fee-for-Service Plans Managed Care Plans Point-of-Service Plans Consumer-Driven Health Care

10 PAID TIME - OFF Holiday Funeral Leave Vacation Military Leave
Sick Leave Jury Duty Funeral Leave Military Leave Clean-up Time Travel Time

11 DISCRETIONARY BENEFITS FEATURES
Eligibility Provisions Variety Levels of Benefits Waiting Periods Financing Benefits

12 EXTERNAL ENVIRONMENTS
Industry Prospects Economic Conditions Forecasts Employers’ Costs of Compensation and Benefits Government Regulations Changing Demographics

13 ACCOMMODATION & ENHANCEMENT BENEFITS
Improve Mental & Physical Well-Being Provide Family Assistance Allow Flexible Work Schedules Enhance Employees’ Knowledge & Skills Provide Opportunities to Manage Daily Challenges


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