cafeteria benefits

cafeteria benefits

a PAY system where employees are able to design their own remuneration package selecting from a menu of pay and FRINGE BENEFIT items up to a value stipulated by the employer.
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The CITY is particularly interested in an Employee Benefits Consultant who can offer a Flexible Cafeteria Benefits Program/Third Party Administrative Services.
Another alternative is to expand the typical cafeteria benefits program to include all compensation and benefits options.
It is not just an alternative, but a special type of cafeteria plan design that should be thoroughly investigated whenever cafeteria benefits are considered--see Chapter 40.
Among other provisions, the bill would amend the Internal Revenue Code to allow above-the-line deductions for premium costs, let employers include LTC insurance in cafeteria benefits plans, provide a tax credit to low income enrollees and give tax credits to employers for costs of administering the system.
Twenty million employees are participating in cafeteria benefits in one form or another, primarily through the large employee groups.
The FSA is the first step in the implementation of a full cafeteria benefits plan.
The second chapter, however, provides an excellent presentation of cafeteria benefits with a strong analysis of the obstacles and issues in plan design.
flexible spending accounts (FSAs) as part of a cafeteria benefits plan[9]
Employee salary reduction allocations to purchase cafeteria benefits can save the employer FICA taxes, and perhaps reduce retirement plan contributions, depending on how compensation is defined under the plan.
Employers can have supportive policies and benefit programs, including flexible work scheduling, cafeteria benefits, information and referrals, counseling, and direct care.
Benefits areas such as health, dental, vision, life insurance, disability, long-term care, flexible spending accounts, cafeteria benefits plans, and 401Ks can all be managed under the BeneTrac program.
Provide enrollment and administrative services for IRS Section 125 cafeteria benefits programs;