ISE Employee Benefits

Course Overview by Author: Employee benefits refer to compensation other than hourly wage, salary, or incentive payments. Protection programs provide family benefits, promote health, and guard against income loss caused by catastrophic factors such as unemployment, disability, and serious illnesses. Paid time-off policies policies compensate employees when they are not performing their primary work duties, for example, vacation and holidays Accommodation and enhancement benefits promote opportunities for employees and their families Text Overview: Practical approach. Commonly referenced by HR practitioners. Contains 12 chapters, organized into 4 parts: (1) Introduction to Employee Benefits; (2) Retirement, Health Care, and Life Insurance; (3) Services; and (4): Extending Employee Benefits Each chapter contains a chapter outline, learning objectives, key terms, discussion questions, and 2 brief cases. Cover Employee Benefits: A Primer for Human Resource Professionals Dedication About the Author Preface Acknowledgments Brief Contents Table of Contents Part One: Introduction to Employee Benefits Chapter 1: Introducing Employee Benefits Defining and Exploring Employee Benefits Defining Employee Benefits The Fundamental Roles and Sources of Employee Benefits Employee Benefits in the Total Compensation Scheme The Field of Employee-Benefits Practice Legally Required Benefits Discretionary Benefits Origins of Employee Benefits Legal and Regulatory Influences on Discretionary Benefits Practices Strategic Planning for a Benefits Program Basic Strategic Planning Concepts Approaches to Strategic Benefits Planning Information Used in Strategic Benefit Planning External Environment Internal Environment Summary Chapter 2: The Psychology and Economics of Employee Benefits The Psychology of Employee Benefits Employment Relationship as Social Exchange How Employee Benefits Constitute Social Exchange Workforce Changes and the Employment Relationship Psychological Contracts Psychological Contract Development Psychological Contract Violation Employee Benefits as Constituting Psychological Contracts Employee Attitudes and Employee Benefits Justice and Perceived Organizational Support Organizational Citizenship Behavior The Economics of Employee Benefits: Why Do Employers Offer Benefits? Cost Advantage Recruiting Certain Types of Workers Tax Incentives Who Pays for Benefits? Summary Chapter 3: Regulating Employee Benefits The Need for Government Regulation Labor Unions and Employee Benefits National Labor Relations Act of 1935 Internal Revenue Code Fair Labor Standards Act of 1938 Employee Retirement Income Security Act of 1974 Defining Pension Plans and Welfare Plans Scope of Coverage for Pension Plans and Welfare Plans Title I: Protection of Employee Rights Title II: Amendments to the Internal Revenue Code Relating to Retirement Plans Title III: Jurisdiction, Administration, Enforcement, Joint Pension Task Force, and Other Issues Title IV: Plan Termination Insurance Consolidated Omnibus Budget Reconciliation Act of 1985 Health Insurance Portability and Accountability Act of 1996 Pension Protection Act of 2006 Patient Protection and Affordable Care Act of 2010 Secure Act Equal Employment Opportunity Laws Equal Pay Act of 1963 Title VII of the Civil Rights Act of 1964 Age Discrimination in Employment Act of 1967 Pregnancy Discrimination Act of 1978 Americans with Disabilities Act of 1990 Civil Rights Act of 1991 Genetic Information Nondiscrimination Act of 2008 Summary Part two: Retirement, Health CARE, and Life Insurance Chapter 4: Employer-Sponsored Retirement Plans Defining and Exploring Retirement Plans Origins of Employer-Sponsored Retirement Benefits Trends in Retirement Plan Coverage and Costs Qualified vs. Nonqualified Plans Participation Requirements Coverage Requirements Vesting Rules Accrual Rules Nondiscrimination Rules: Testing Top-Heavy Provisions Minimum Funding Standards Social Security Integration Contribution and Benefit Limits Plan Distribution Rules Qualified Survivor Annuities Qualified Domestic Relations Orders Plan Termination Rules and Procedures Defined Benefit Plans Benefit Formulas Nondiscrimination Rules: Testing Accrual Rules Top-Heavy Provisions Minimum Funding Standards Benefit Limits Plan Termination Rules and Procedures Defined Contribution Plans Individual Accounts Automatic Enrollment Investment of Contributions Employee Participation in Investments Accrual Rules Top-Heavy Provisions Minimum Funding Standard Contribution Limits Communicating Benefit Amount and the SECURE Act Types of Defined Contribution Plans 401(k) Plans Roth 401(k) Plans Profit-Sharing Plans Stock Bonus Plans Employee Stock Option Plans (ESOPs) Savings Incentive Match Plans for Employees (SIMPLEs) 403(b) Tax-Deferred Annuity Plans 457 Plans Pooled Employer Plans and the SECURE Act Hybrid Plans Cash Balance Plans and Pension Equity Plans Target Benefit Plans Money Purchase Plans Age-Weighted Profit-Sharing Plans Summary Chapter 5: Employer-Sponsored Health-Care Plans Defining and Exploring Health-Care Plans Origins of Health-Care Benefits Health-Care Coverage and Costs Types of Medical Expense Benefits Regulation of Health-Care Plans Federal Regulations State Regulations Health Plan Design Alternatives Fee-for-Service Plans Managed Care Plans Health Maintenance Organizations Types of Health Maintenance Organizations Preferred Provider Organizations Point-of-Service Plans Features of Health–Care Plans Deductible Coinsurance Out-of-Pocket Maximum Preexisting Condition Clauses Preadmission Certification Second Surgical Opinion Lifetime and Yearly Limits Consumer-Driven Health Care Other Health-Care-Related Benefits Dental Insurance Vision Insurance Prescription Drug Benefits Mental Health and Substance Abuse Maternity Care Telemedicine Retiree Health-Care Benefits Summary Chapter 6: Employer-Sponsored Disability Insurance, Life Insurance, and Workers’ Compensation Disability Insurance Origins of Disability Insurance and Workers’ Compensation Insurance Coverage and Costs of Disability Programs Short-Term Disability Insurance Programs Long-Term Disability Insurance Programs Funding Disability Insurance Programs Relationships between Company-Sponsored Disability Plans and Benefits Laws Life Insurance Origins of Life Insurance Coverage and Costs of Life Insurance Types of Life Insurance Programs Group Term Life Insurance Costs of Group Term Life Insurance Universal Life Insurance Accidental Death and Dismemberment Insurance State Compulsory Disability Laws (Workers’ Compensation) Coverage of Workers’ Compensation Programs Cost of Workers’ Compensation Insurance Financing Workers’ Compensation Programs Workers’ Compensation Claims Types and Amounts of Workers’ Compensation Benefits Employers’ Rights under Workers’ Compensation Programs The Pandemic and Workers’ Compensation Insurance Summary Chapter 7: Government-Mandated Social Security Programs Origins of Social Security Introduction to the Social Security Programs Employers Required to Participate in Social Security Programs Administration of Social Security Programs Social Security Numbers Old-Age, Survivor, and Disability Insurance (OASDI) Qualifying for OASDI Benefits Determining Benefit Amounts Old-Age Benefits Survivor Benefits Disability Benefits Medicare Eligibility Criteria for Medicare Benefits Medicare Part A Coverage Medicare Part B Coverage Medigap Insurance Medicare Part C: Medicare Advantage Medicare Prescription Drug Benefit Medicare as the Primary or Secondary Payer Financing OASDI and Medicare Programs Unemployment Insurance Eligibility Criteria for Unemployment Insurance Benefits Unemployment Insurance Benefit Amounts Summary Part Three: Services Chapter 8: Paid Time-Off Benefits Defining and Exploring Paid Time-Off Programs Paid Time-Off Practices Holidays Vacation Discretionary Sick Leave Discretionary Family Leave Mandatory Sick and Family Leave Integrated Paid Time-Off Policies, or Paid Time-Off Banks Bereavement or Funeral Leave Jury Duty and Witness Duty Leaves Military Leave Nonproduction Time On-Call Time Sabbatical Leave Volunteerism Family and Medical Leave Act of 1993 Key Provisions Returning from FMLA Leave Revisions to the FMLA Summary Chapter 9: Accommodation and Enhancement Benefits Defining Accommodation and Enhancement Benefits Rationale for Accommodation and Enhancement Benefits Origins of Accommodation and Enhancement Benefits The Pandemic and Accommodation and Enhancement Benefits The Mental and Physical Well-Being of Employees and Family Members Employee Assistance Programs Wellness Programs Family Assistance Programs Adoption Assistance Programs Educational Benefits for Employees Educational Assistance Tuition Reimbursement Scholarships Financial Education Student Loan Repayment Assistance Support Programs for Daily Living Transportation Services Physical Fitness Summary Part Four: Extending Employee Benefits: Design, Contingent Workers, Remote Work, and Executives Chapter 10: Managing the Employee-Benefits System A Comparison of Traditional Benefits Plans and Flexible Benefits Plans A One-Size-Fits-All Approach Employer Choice to Customize Benefits Cafeteria Plans under Section 125 Types of Flexible Benefit Plan Arrangements Communicating the Employee-Benefits Program Legal Considerations in Benefits Communication The “Good Business Sense” of Benefits Communication Open Enrollment and Benefits Choice Exceptions to the Rules Educating Employees to Make Informed Choices Managing the Costs of Employee Benefits Employee Contributions Waiting Periods High-Deductible Plans Employee Education Utilization Reviews Case Management Provider Payment Systems Lifestyle Interventions Outsourcing the Benefits Function Summary Chapter 11: Contingent Workers and Remote Work Arrangements The Contingent Workforce Part-Time Employees Temporary and On-Call Employees Leased Employee Arrangements Independent Contractors, Freelancers, and Consultants Benefits for Contingent Workers Part-Time Employees Temporary Employees Leased Employees Independent Contractors, Freelancers, and Consultants Remote Work Employee Benefits for The Remote Workforce Summary Chapter 12: Nonqualified Deferred Compensation Plans for Executives Defining Executive Employment Status Who Are Executives? Key Employees Highly Compensated Employees Defining Nonqualified Deferred Compensation Plans (NQDC) Characteristics Distinguishing between Nonqualified Plans and Qualified Plans ERISA Qualification Criteria Funding Status Mandatory Retirement Age Nonqualified Retirement Plans for Executives Excess Benefit Plans Supplemental Executive Retirement Plans (SERPs) Contrasting Excess Benefit Plans and SERPs Funding Mechanisms General Assets Corporate-Owned Life Insurance Split-Dollar Life Insurance Rabbi Trusts Secular Trusts Employee-Owned Annuities Stock Options and Stock Purchase Plans Basic Terminology Stock Options Restricted Stock Plans and Restricted Stock Units Stock Appreciation Rights Phantom Stock Plans Employee Stock Purchase Plans Separation Agreements Golden Parachutes Platinum Parachutes Clawback Provisions Reporting and Disclosure Requirements Securities Exchange Act of 1934 Wall Street Reform and Consumer Protection Act of 2010 (Dodd–Frank Act) Concluding Comments Summary Glossary Index