unit one xareer exploration by Logan Chambers

4o1k

27chambersl1 — 2024-01-29 12:57:48 UTC

A 401(k) is a feature of a qualified profit-sharing plan that allows employees to contribute a portion of their wages to individual accounts.

Bob wasted his 4O1k on his youth.

403b

27chambersl1 — 2024-01-29 16:40:50 UTC

403b is a retirement plan offered by public schools and certain charities.

Bob found out about 4O3(B) and asked his mother, who which he lives with, about it

Defined Benefit Plan

27chambersl1 — 2024-01-29 16:42:19 UTC

Defined benefit plans provide a fixed, pre-established benefit for employees at retirement.

PTO

27chambersl1 — 2024-01-29 16:44:25 UTC

PTO is the time that employees can take off of work while still getting paid regular wages.

Flexible Spending Account

27chambersl1 — 2024-01-29 16:45:57 UTC

Flexible Spending Account is an employee benefit that allows you to set aside money from your paycheck, pre-tax, to pay for healthcare and dependent care expenses.

FMLA

27chambersl1 — 2024-01-29 16:47:51 UTC

The FMLA entitles eligible employees of covered employers to take unpaid

Cafeteria Style Employee Benefits

27chambersl1 — 2024-01-29 16:49:23 UTC

contributions to health savings accounts, flexible spending accounts, retirement plans, group term life insurance, and adoption assistance plans.

social security

27chambersl1 — 2024-01-29 16:50:52 UTC

provides financial protection for our nation's people, supporting Americans throughout all of life's journeys.

Unemployment Compensation

27chambersl1 — 2024-01-29 17:04:59 UTC

A payment made by a government or a labor union to an unemployed person.

Medicare

27chambersl1 — 2024-01-29 17:06:25 UTC

Medicare is federal health insurance for anyone age 65 and older, and some people under 65 with certain disabilities or conditions.

Medicaid

27chambersl1 — 2024-01-29 17:08:25 UTC

Medicaid is the nation's public health insurance program for people with low income.

Workers Compensation

27chambersl1 — 2024-01-29 17:09:55 UTC

It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work

The Fair Labor And Standards Act

27chambersl1 — 2024-01-29 17:11:32 UTC

The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private

Affordable Care Act

27chambersl1 — 2024-01-29 17:13:50 UTC

a comprehensive reform law, enacted in 2010, that increases health insurance coverage for the uninsured and implements reforms to the health insurance market.

Stock Options

27chambersl1 — 2024-01-29 17:15:19 UTC

benefit in the form of an option given by a company to an employee to buy stock in the company at a discount or at a stated fixed price

Life Insurance

27chambersl1 — 2024-01-29 17:16:25 UTC

insurance that pays out a sum of money either on the death of the insured person or after a set period.

Short Term Disability

27chambersl1 — 2024-01-29 17:19:00 UTC

an income replacement benefit that provides a percentage of pre-disability earnings on a weekly basis when employees are out of work on a disability claim

Long Term Disability

27chambersl1 — 2024-01-29 17:20:03 UTC

an insurance plan that often works in tandem with short-term disability to provide income for long-term illnesses and injuries.

Pension

27chambersl1 — 2024-01-29 17:22:01 UTC

its money paid under given conditions to a person following retirement or to surviving dependents

Beneficiary

27chambersl1 — 2024-01-29 17:23:23 UTC

a person who derives advantage from something, especially a trust, will, or life insurance policy.