cafeteria benefits plan

cafeteria benefits plan

(1) A type of plan in which employees tailor their benefits—e.g., health insurance, disability insurance, retirement/pension scheme, death benefits—to meet specific needs.
(2) An indirect compensation plan where a person chooses the benefits that he or she may recieve up to a particular monetary limit, over and above a common core-benefits package.
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The FSA is the first step in the implementation of a full cafeteria benefits plan.
Pregnancy/maternity leaves 27 93 Health insurance - dependent coverage 25 86 Flex time 7 24 Cafeteria benefits plan 4 17 Job placement assistance for spouses 3 10
Although 25 of the 29 firms (86 percent) provided health insurance, including dependent coverage, only four (17 percent) had instituted a cafeteria benefits plan.
125 Cafeteria Benefits plan to the program later this year.
Among other provisions, the bill would amend the Internal Revenue Code to allow above-the-line deductions for premium costs, let employers include LTC insurance in cafeteria benefits plans, provide a tax credit to low income enrollees and give tax credits to employers for costs of administering the system.
Benefits areas such as health, dental, vision, life insurance, disability, long-term care, flexible spending accounts, cafeteria benefits plans, and 401Ks can all be managed under the BeneTrac program.
Over 20 different compensation plans were used to pay employees and these represented a typical compensation plan mix, including base pay, overtime, 401(K) (with employer match), defined benefits and defined contribution, and cafeteria benefits plans.