| Meant to increase the economic security
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| | essential that all parties involved in
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| of employees, employee benefits are
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| | employee benefit plans comply with the
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| non-wage compensations in addition to
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| | laws. The Employee Retirement Income
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| normal wages or salaries. Employee
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| | Security Act (ERISA) governs retirement
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| benefits could be in the form of health
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| | plans and welfare benefit plans. ERISA
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| and dental plans; retirement benefit
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| | encourages employers to offer employee
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| plans; group-term life and long-term-care
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| | benefit plans and minimize financial and
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| insurance plans, legal assistance plans,
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| | administrative burdens. It also acts to
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| adoption assistance, relocation
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| | protect the interests of employees and
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| assistance, child care benefits and
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| | provide tax incentives to businesses
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| miscellaneous employee discounts. The
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| | providing employee benefit plans.Group
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| miscellaneous discounts may cover movies
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| | health plans subject to the Consolidated
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| and theme park tickets, hotels and
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| | Omnibus Budget Reconciliation Act (COBRA)
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| resorts, etc.Some of these benefits, such
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| | must provide notice of continuation
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| as accident and health plans and
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| | rights to eligible former employees and
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| group-term life insurance, may be
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| | beneficiaries. The eligible employee or
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| excluded from the employee's gross income
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| | former spouse then must decide whether or
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| and therefore exempt from federal income
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| | not to purchase COBRA continuation
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| tax. Benefits provided by employers are
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| | coverage within 60 days.The term perks or
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| normally tax-deductible to the employer
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| | perquisite is often linked to benefits of
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| and non-taxable to the employee. Among
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| | a discretionary nature. Perks are mostly
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| exceptions to this general rule are
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| | provided to employees who are doing
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| executive benefits like golden parachute
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| | notably well and/or have seniority.
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| plans.Some employers also offer cafeteria
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| | Common perks include company cars, hotel
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| plans in which employees can choose from
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| | stays, free refreshments, leisure
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| a menu and level of benefits. In most
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| | activities on work time, lunch allowances
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| cases, both the employees and the
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| | and so on.
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| employers fund these plans.It is
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