Eligibility and rules for sick pay
could also be clarified, the benefit could become more flexible to allowed phased returns to work, and enforcement could be strengthened, officials claim.
For employees with generous sick pay
schemes it will seem more attractive to request that time when ill on holiday is reclassified as sick leave.
The conversion of sick pay
and vacation time to take-home pay is also problematic, regardless of whether Richardson overdrew her account.
By taking out an income insurance plan, an employer turns a potential unbudgeted loss into a fixed monthly cost--this means that, for a set amount a month, the possibility of a business paying out unscheduled sick pay
for an unknown period of time is eliminated.
CHIEF: Ms Speight The present system entitles workers to sick pay
after a year, 31 days' holiday a year instead of the national level of 28 and pounds 6.58 an hour for skilled workers.
General secretary Dave Prentis said: "It cannot be right that these massive multinational companies can make huge profits but still cheat workers out of basic terms like sick pay
- it is enough to make anyone sick.
Company sick pay
is different from Statutory Sick Pay
in that an employer is free to make its own contractual arrangements and an employer does not need to provide company sick pay
at all by law.
Keywords: Sick pay
; sick leave; moral hazard; adverse selection; optimal insurance; optimal sorting
A sick pay
or short term disability plan is a plan that continues employees' salary or wages for a limited time during periods of illness or other disability.
Complicated though the regulations are, says Mr Ashmore, there has been some welcome clariMcation of the rules covering sick pay
and the disabled.
At least 12 states have considered sick pay
legislation this year.
EXTRA cash is needed to cover the rising sick pay
for school cleaners, it has been revealed.