320Benefits - Benefits CompensationPackage Benefits...

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Benefits The Non-Financial Element of the  Compensation Package
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Benefits Benefits are the non-cash components  of the compensation system that have a  dollar value Benefits make up a substantial cost to  the employer.
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Legal Aspects of Benefits Doctrine of constructive receipt The tax laws are written in such a way  where employers (and employees) are  provided with tax benefits for investing in  benefits. When you receive the benefit in the form of  cash, the benefit is then taxed (drawing a  pension).  When invested or given in the  form of services, the benefit is not taxed
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ERISA Employee Retirement Income Security  Act Enacted to protect abuses of the  pension funds Interruption of Service – voided rights to  fund Improper investment of the fund – lost the  funds Employees kept in the dark concerning the  details of the fund.
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320Benefits - Benefits CompensationPackage Benefits...

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