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An employee benefit trust is a trust set up by a company to provide benefits for some or all of its employees. The company will pay money into the trust and the trustees will pay it out later to the employees. In the meantime they will invest it (often in shares of the company).
Employee benefit trusts are often used as part of employee share schemes or to pay deferred bonuses to high earning employees.
They have also been used in other ways designed to avoid or defer income tax or national insurance. However this has now been clamped down on.
What else can I help you with?
What is the most common type of employee benefit?
Health care is the most common type of employee benefit.
Can an employee take their life insurance policy with them when they leave the company?
It depends on what the employee benefit plan provides. You need to check the employee benefit handbook.
What portion of total compensation do employee benefit packages run?
Benefit packages usually make up between 30 and 40 percent of an employee's total compensation for employment,
What is fringe benefit tax?
It is the taxation of most, but not all fringe benefits, which are generally no-cash employee benefit.
A defined contribution plan is part of which employee benefit?
retirement
An employer asks an employee that I can count on you to?
If an employer asks an employee if that employer can count on him or her, the answer should be yes. An employee must be reliable in order to benefit the employer.
What is the benefit of having an employee self service feature?
The benefit of having an employee self-service feature is that it allows more control for employees by allowing them to find salary and benefit information for themselves. This in turn can reduce the burden on a HR department.
Which defined benefit plan is part of which employee benefits?
retirement ;)
What companies offer prepaid legal as an employee benefit?
There are several companies that offer prepaid legal as an employee benefit, a few of them are: Leo Kolbert, Apple, and even Sprint offers a form of prepaid legal services.
What is the main difference a defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
Can part time cvs pharmacy employee have health insurance benefit?
yes the can
What is a deferred vested benefit with a retirment plan?
A deferred vested benefit in a retirement plan refers to an employee's entitlement to a portion of their retirement benefits that they have earned but have not yet accessed, typically because they have left the employer before retirement age. This benefit is "vested," meaning the employee has a legal right to it, even if they are no longer employed by the company. The benefit will typically be payable at a future date, such as retirement, and is often based on the employee's years of service and salary history.
