Employee Benefits
Chapter
11
The chapter can be divided into two major sections: (1) a discussion of the administrative
issues related to employee benefits and (2) an examination of employee benefits in the
context of three categories: (a) the six benefits required by law; (b) the major discretionary
benefits, such as health care, payment for time not worked, and pension plans; and (c)
employee services, such as child and elder care and credit unions.
Chapter Outline
STRATEGIC BENEFITS PLANNING
Elements of a Successful Benefits Program
EMPLOYEE BENEFITS REQUIRED BY LAW
Social Security Insurance
Retirement Benefits
Disability Benefits Under Social Security
MAJOR DISCRETIONARY EMPLOYEE BENEFITS
Health Care Benefits
Medical Benefits
Dental, Optical, and Mental Health Benefits
Chapter 11 Employee Benefits
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Payment for Time Not Worked
Vacations with Pay
Retirement Programs
Preretirement Programs and Phased Retirement Programs
Pension Plans
Types of Pension Plans
401(k) Savings Plans
Domestic Partner Benefits
WORK–LIFE BALANCE AND OTHER BENEFITS
Generating Interest
One thing that stands out about the companies ranked on Fortune’s 100 Best Companies to
Work For (http://money.cnn.com/magazines/fortune/bestcompanies/) is their great benefits
packages.
1. Show the benefits package details of best-ranked Google (go to www.google.com and
Dealing with Trouble Spots
Many employers are quick to say that they struggle with how to implement the requirements of
FMLA in the “real world.” On November 17, 2008, the Department of Labor (DOL) issued its
Part 4 Implementing Compensation and Security
38
2. The above link lists these primary changes resulting from the November 2008 revision:
a. The circumstances necessary for a family military leave for a “qualifying
exigency” are defined: 12 weeks leave in a 12–month period.
Involving Students
Ask students to interview people with similar occupations (all clerical or all sales, etc) who