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3 FUNDAMENTAL ROLES Protection Programs Paid Time-off
Accommodation and Enhancement Benefits
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LEGALLY REQUIRED BENEFITS
Benefits Required by Law Social Security Act of 1935, State Workers’ Compensation Laws Family and Medical Leave Act of 1993
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SOCIAL SECURITY ACT 2 Original Programs Amendments Retirement System
Unemployment Insurance Program Amendments OASDI Medicare
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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
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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
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DISCRETIONARY BENEFITS
Originally Known as Welfare Practices Three Main Roles Income and Health Protections Paid Time - Off Accommodation and Enhancement
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INCOME PROTECTION PROGRAMS
Disability Insurance Life Insurance Retirement Plans
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RETIREMENT PLANS Defined Contribution Plans Defined Benefits Plans
Hybrid Plans
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HEALTH INSURANCE PROGRAMS
Fee-for-Service Plans Managed Care Plans Point-of-Service Plans Consumer-Driven Health Care
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PAID TIME - OFF Holiday Funeral Leave Vacation Military Leave
Sick Leave Jury Duty Funeral Leave Military Leave Clean-up Time Travel Time
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DISCRETIONARY BENEFITS FEATURES
Eligibility Provisions Variety Levels of Benefits Waiting Periods Financing Benefits
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EXTERNAL ENVIRONMENTS
Industry Prospects Economic Conditions Forecasts Employers’ Costs of Compensation and Benefits Government Regulations Changing Demographics
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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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