Rent 9780073381299 | Employee Benefits : A Primer for Human Resource Professionals

Summary Table of Contents Author Biography

Joseph Martocchio's "Employee Benefits: A Primer for Human Resource Professionals" was written to promote a fuller understanding of employee benefits programs among students enrolled in college-level compensation and benefits course. It's relevant to students who plan to be general managers, who deal with a variety of human resource issues in their day-to-day jobs, as well as to those who expect to be human resource practitioners. The real-world focus of Martocchio's text is evident on every page, as he seeks to balance current academic thought... MORE

Introduction to Employee Benefits	p. 1
Introducing Employee Benefits	p. 3
Defining and Exploring Employee Benefits	p. 4
Defining Employee Benefits	p. 5
Employee Benefits in the Total Compensation Scheme	p. 7
The Field of Employee Benefits Practice	p. 8
Legally Required Benefits	p. 9
Discretionary Benefits	p. 10
Origins of Employee Be... MOREnefits	p. 14
Legal and Regulatory Influences on Discretionary Benefits Practices	p. 15
Strategic Planning for the Benefits Program	p. 16
Basic Strategic Planning Concepts	p. 17
Approaches to Strategic Benefit Planning	p. 19
Information Used in Strategic Benefit Planning	p. 21
External Environment	p. 21
Internal Environment	p. 26
Plan for the Book	p. 27
The Economics of Employee Benefits	p. 31
Why do Employers Offer Benefits?	p. 32
Cost Advantage	p. 33
Recruiting Certain Types of Workers	p. 36
Tax Incentives	p. 37
Who Pays for Benefits?	p. 38
Two Extensions	p. 44
Government Mandates	p. 44
Differences in Benefit Cost Increases across Groups of Workers	p. 46
Summary	p. 47
Regulating Employee Benefits	p. 49
Labor Unions and Employee Benefits: The National Labor Relations Act of 1935	p. 51
The Internal Revenue Code	p. 53
The Fair Labor Standards Act of 1938	p. 55
The Employee Retirement Income Security Act of 1974	p. 56
Defining Pension Plans and Welfare Plans	p. 58
Scope of Coverage for Pension Plans and Welfare Plans	p. 60
Protection of Employee Rights	p. 60
Amendments to the Internal Revenue Code Relating to Retirement Plans	p. 63
Jurisdiction, Administration, Enforcement, Joint Pension Task Force, and Other Issues	p. 63
Plan Termination Insurance	p. 64
The Consolidated Omnibus Budget Reconciliation Act of 1985	p. 67
The Health Insurance Portability and Accountability Act of 1996	p. 69
The Pension Protection Act of 2006	p. 71
Federal Equal Employment Opportunity Laws	p. 72
The Equal Pay Act of 1963	p. 72
Title VII of the Civil Rights Act of 1964	p. 74
The Age Discrimination in Employment Act of 1967 (ADEA)	p. 75
The Pregnancy Discrimination Act of 1978	p. 76
The Americans with Disabilities Act of 1990	p. 76
The Civil Rights Act of 1991	p. 77
Summary	p. 78
Retirement, Health, and Life Insurance	p. 81
Employer-Sponsored Retirement Plans	p. 83
Defined Retirement Plans	p. 86
Origins of Employer-Sponsored Retirement Benefits	p. 86
Trends in Retirement Plan Coverage and Costs	p. 86
Qualified Plans	p. 87
Minimum Standards for Qualified Plans	p. 87
Defined Benefit Plans	p. 92
Benefit Formulas	p. 92
Nondiscrimination Rules: Testing	p. 94
Accrual Rules	p. 95
Minimum Funding Standards	p. 96
Benefit Limits and Tax Deductions	p. 96
Defined Contribution Plans	p. 96
Individual Accounts	p. 97
Investments of Contributions	p. 97
Employee Participation in Investments	p. 97
Nondiscrimination Rules: Testing	p. 97
Accrual Rules	p. 98
Minimum Funding Standards	p. 98
Contribution Limits and Tax Deductions	p. 98
Types of Defined Contribution Plans	p. 98
Section 401(k) Plans	p. 99
Profit-Sharing Plans	p. 99
Stock Bonus Plans	p. 100
Employee Stock Ownership Plans (ESOPs)	p. 101
Savings Incentive Match Plans for Employees (SIMPLEs)	p. 101
Section 403(b) Tax-Deferred Annuity Plans	p. 101
Section 457 Plans	p. 102
Hybrid Plans	p. 103
Cash Balance Plans and Pension Equity Plans	p. 103
Target Benefit Plans	p. 107
Money Purchase Plans	p. 108
Age-Weighted Profit-Sharing Plans	p. 108
Integrating Qualified Pension Plans with Social Security	p. 109
Integration Methods	p. 109
Uniform Disparity under the Excess and Offset Approaches	p. 111
Plans Ineligible for Integration	p. 111
Summary	p. 111
Employer-Sponsored Health Insurance Programs	p. 115
Defining and Exploring Health Insurance Programs	p. 116
Origins of Health Insurance Benefits	p. 117
Health Insurance Coverage and Costs	p. 118
Individual vs. Group Insurance Coverage	p. 120
Regulation of Health Insurance Programs	p. 121
Federal Regulation	p. 121
State Regulation	p. 124
Multiple- vs. Single-Payer Health Care Systems in the U.S.	p. 125
Fee-for-Service Plans	p. 127
Types of Medical Expense Benefits	p. 128
Features of Fee-for-Service Plans	p. 129
Major Medical Insurance Plans: Supplemental and Comprehensive	p. 132
Managed Care Plans	p. 132
Health Maintenance Organizations	p. 132
Types of Health Maintenance Organizations	p. 133
Features of Health Maintenance Organizations	p. 133
Preferred Provider Organizations	p. 135
Features of Preferred Provider Organizations	p. 135
Point-of-Service Plans	p. 137
Specialized Insurance Benefits	p. 137
Dental Insurance	p. 137
Vision Insurance	p. 139
Prescription Drug Benefits	p. 140
Mental Health and Substance Abuse	p. 143
Maternity Care	p. 144
Consumer-Driven Health Care	p. 145
Retiree Health Care Benefits	p. 148
Summary	p. 149
Employer-Sponsored Disability Insurance and Life Insurance	p. 153
Disability Insurance	p. 154
Origins of Disability Insurance	p. 155
Short-Term Disability Insurance Programs	p. 156
Long-Term Disability Insurance Programs	p. 157
Funding Disability Insurance Programs	p. 158
Employee and Employer Tax Obligations	p. 159
Relationships between Company-Sponsored Disability Plans and Benefits Laws	p. 160
Life Insurance	p. 162
Origins of Life Insurance	p. 163
Coverage and Costs of Life Insurance	p. 163
Types of Life Insurance Programs	p. 163
Group Term Life Insurance	p. 164
Tax Treatment of Group Term Life Insurance	p. 166
Universal Life Insurance	p. 168
Accidental Death and Dismemberment Insurance	p. 168
Summary	p. 168
Government-Mandated Social Security and Workers' Compensation Programs	p. 171
Origins of Social Security and Workers' Compensation Programs	p. 172
Introduction to the Social Security Programs	p. 173
Employers Required to Participate in Social Security Programs	p. 174
Administration of Social Security Programs	p. 176
Social Security Numbers	p. 177
Old-Age, Survivor, and Disability Insurance (OASDI)	p. 177
Qualifying for OASDI Benefits	p. 178
Determining Benefit Amounts	p. 178
Old-Age Benefits	p. 179
Survivor Benefits	p. 184
Disability Benefits	p. 185
Medicare	p. 186
Eligibility Criteria for Medicare Benefits	p. 188
Medicare Part A Coverage	p. 188
Medicare Part B Coverage	p. 189
Medigap Insurance	p. 189
Medicare Part C: Medicare Advantage	p. 189
Medicare Prescription Drug Benefit	p. 190
Medicare as the Primary or Secondary Payer	p. 191
Financing OASDI and Medicare Programs	p. 192
Unemployment Insurance	p. 194
Eligibility Criteria for Unemployment Insurance Benefits	p. 194
Unemployment Insurance Benefit Amounts	p. 195
Financing Unemployment Insurance Benefits	p. 196
Depositing FUTA Money	p. 196
State Compulsory Disability Laws (Workers' Compensation)	p. 196
Coverage of Workers' Compensation Programs	p. 197
Cost of Workers' Compensation Insurance	p. 198
Workers' Compensation Claims	p. 198
Types and Amounts of Workers' Compensation Benefits	p. 199
Employers' Rights under Workers' Compensation Programs	p. 201
Financing Workers' Compensation Programs	p. 204
Employer and Employee Tax Obligations	p. 205
Relationship between Workers' Compensation and Benefits Laws	p. 205
Summary	p. 206
Services	p. 211
Paid Time-Off and Flexible Work Schedules	p. 213
Defining and Exploring Paid Time-Off Programs	p. 214
Paid Time-off Practices	p. 215
Holidays	p. 216
Vacation	p. 217
Sick Leave	p. 219
Personal Leave	p. 220
Integrated Paid Time-Off Policies or Paid Time-Off Banks	p. 220
Bereavement or Funeral Leave	p. 221
Jury Duty and Witness Duty Leaves	p. 221
Military Leave	p. 222
Nonproduction Time	p. 224
On-Call Time	p. 224
Sabbatical Leave	p. 225
Volunteerism	p. 226
Leave Under the Family and Medical Leave Act of 1993	p. 226
Flexible Scheduling	p. 230
Flextime Schedules	p. 230
Compressed Workweek Schedules	p. 231
Telecommuting	p. 231
Summary	p. 233
Accommodation and Enhancement Benefits	p. 235
Defining Accommodation and Enhancement Benefits	p. 236
Rationale for Accommodation and Enhancement Benefits	p. 236
Tax Benefits for Employers and Employees	p. 237
The Mental and Physical Well-Being of Employees and Family Members	p. 237
Employee Assistance Programs	p. 237
Wellness Programs	p. 243
Family Assistance Programs	p. 246
Educational Benefits for Employees	p. 247
Educational Assistance Programs	p. 247
Tuition Reimbursement Programs	p. 249
Scholarship Programs	p. 249
Support Programs for Daily Living	p. 250
Transportation Services	p. 250
Physical Fitness	p. 251
Summary	p. 251
Employee Benefits: Design, Nonqualified Plans, and Global Issues	p. 255
Managing the Employee Benefits System	p. 257
A Comparison of Traditional Benefits Plans and Flexible Benefits Plans	p. 258
A One-Size-Fits-All Approach	p. 258
Employer Choice to Customize Benefits	p. 259
Cafeteria Plans under Section 125	p. 260
Types of Flexible Benefit Plan Arrangements	p. 262
Communicating the Employee Benefits Program	p. 266
Legal Considerations in Benefits Communication	p. 266
The "Good Business Sense" of Benefits Communication	p. 268
Managing the Costs of Employee Benefits	p. 272
Cost-Control Methods	p. 273
Employee Education	p. 274
Utilization Reviews	p. 274
Case Management	p. 275
Provider Payment Systems	p. 276
Lifestyle Interventions	p. 276
Outsourcing the Benefits Function	p. 277
The Future of Employee Benefits	p. 278
Changing Employment Contract	p. 278
Accountability to Shareholders	p. 279
Recent and Proposed Legislation	p. 279
Domestic Partner Benefits and Same-Sex Marriage Issues	p. 280
Generational Diversity and Workplace Conflict	p. 281
Presidential-Year Politics	p. 282
Summary	p. 283
Nonqualified Plans for Highly Paid and Executive Employees	p. 285
Introduction to Nonqualified Plans	p. 286
Hallmarks of Executive Retirement Benefits	p. 287
Objectives	p. 287
Funding Status	p. 288
Mandatory Retirement Age	p. 289
Nonqualified Retirement Plans for Executives	p. 290
Excess Benefit Plans	p. 290
Supplemental Executive Retirement Plans (SERPs)	p. 290
Contrasting Excess Benefit Plans and SERPs	p. 292
Funding Mechanisms and Tax Obligations	p. 292
General Assets	p. 293
Corporate-Owned Life Insurance	p. 293
Split-Dollar Life Insurance	p. 293
Rabbi Trusts	p. 294
Secular Trusts	p. 294
Employee-Owned Annuities	p. 294
Stock Option Plans	p. 295
Basic Terminology	p. 295
Incentive Stock Options	p. 295
Nonstatutory Stock Options	p. 296
Restricted Stock	p. 296
Phantom Stock	p. 296
Discount Stock Options	p. 297
Stock Appreciation Rights	p. 297
Reporting Requirements	p. 297
U.S. Department of Labor	p. 297
The Internal Revenue Service	p. 298
Securities and Exchange Commission	p. 298
The Sarbanes-Oxley Act	p. 302
Concluding Comments	p. 302
Summary	p. 303
Global Employee Benefits at a Glance	p. 305
Not all Employee Benefits are Alike	p. 306
North America	p. 307
Canada	p. 307
Mexico	p. 309
South America	p. 311
Brazil	p. 311
Argentina	p. 312
Europe	p. 313
France	p. 314
Germany	p. 316
Spain	p. 317
United Kingdom	p. 318
The Netherlands	p. 320
Italy	p. 321
Poland	p. 322
Sweden	p. 323
Russia	p. 324
Asia	p. 325
The People's Republic of China	p. 326
Hong Kong	p. 327
Japan	p. 329
South Korea	p. 331
India	p. 332
Saudi Arabia	p. 333
Africa	p. 335
South Africa	p. 335
Australia	p. 336
Summary	p. 337
Ancillary Exercises with Answers for Selected Chapters	p. 343
Glossary	p. 351
Index	p. 375
Table of Contents provided by Ingram. All Rights Reserved.

Joseph J. Martocchio is a professor at the Institute of Labor and Industrial Relations, University of Illinois at Urbana-Champaign.

RENT TEXTBOOKS

Employee Benefits : A Primer for Human Resource Professionals

Why Rent from Knetbooks?

Top 5 reasons to order all your textbooks from Knetbooks:

Related Products