231 CH 20 - Federal government health insurance program 65 and disabled people Hospital costs/nonhospital medical costs Employers and employees

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EMPLOYMENT RELATIONSHIPS Chapter 20
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EMPLOYMENT AT WILL DOCTRINE Definition: Employer or Employee May Terminate Employment At Any Time and for Any Reason Source of Doctrine: Common Law (Except Montana)
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EXCEPTIONS TO EMPLOYMENT AT WILL Implied Contract Employment Manuals Tort Theory Public Policy Discrimination Whistle Blowing Exercising Statutory Rights
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EMPLOYEE PRIVACY RIGHTS E-Mail at Work Telephone Calls at Work Lie Detector Tests Drug Tests
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Social Security Old-age, survivors and disability insurance Employers and employees must contribute Contributions based on employee’s annual wage base 2005: 6.2% of wages up to $90,000+ employer matches this Retirement and disability benefits
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Medicare
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Unformatted text preview: Federal government health insurance program 65+ and disabled people Hospital costs/nonhospital medical costs Employers and employees contribute (2005: 1.45% each) No cap on wages Private Pension Plans Regulated by ERISA vesting: gives employee legal right to receive pension benefits at some future date when she stops working. Employee contributions vest immediately and employee rights to the employer contributions – after five years Regulates investment of pension funds. Detailed recordkeeping requirements Unemployment Compensation State administered system Employers pay into the fund Employees receive benefits...
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This note was uploaded on 05/19/2011 for the course BESINESS 213 taught by Professor Streve during the Spring '11 term at Missouri State University-Springfield.

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231 CH 20 - Federal government health insurance program 65 and disabled people Hospital costs/nonhospital medical costs Employers and employees

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