employee benefits

Freelancer

Definition from Nolo’s Plain-English Law DictionarySee: independent contractor

Definition provided by Nolo’s Plain-English Law Dictionary.

Fringe Benefit

Various non-wage employee benefits that are in addition to normal wages. Some fringe benefits are exempt from taxation, provided certain conditions are satisfied.

Examples of fringe benefits are health insurance, life insurance and employee...

Individual Retirement Account (IRA)

An IRA is an individual retirement account which allows you to put money away for retirement in a tax-advantaged way.

An IRA account can be set up at a financial institution. An individual can save for...

leave year

Definition from Nolo’s Plain-English Law DictionaryUnder the Family and Medical Leave Act (FMLA), the 12-month period by which an employer measures an employee's entitlement to FMLA leave. Eligible employees have a right to take up to 12 weeks of leave in...

Older Workers Benefit Protection Act (OWBPA)

In 1990, Congress amended the Age Discrimination in Employment Act (ADEA), adding the Older Workers Benefit Protection Act (OWBPA) to clarify the prohibitions against discrimination on the basis of age. The OWBPA is a federal law that requires...

Pension

pension law: an overview

Upon retirement many workers continue to receive monetary compensation from their employer in the form of a pension. There are two main types of pensions. Under a defined benefit plan, the benefit that an employee receives is...

per diem

Per diem is a Latin phrase that translates to “per day.” Generally, per diem describes a daily amount paid to a person for work expenses incurred during work travel. This most commonly includes accommodation and meals, though other expenses...

QDRO

Definition

An abbreviation for qualified domestic relations order. See qualified domestic relations order.

Qualified Domestic Relations Order (QDRO)

Definition

Under the Employee Retirement Income Security Act ("ERISA"), a judgment, decree, or order regarding child support, alimony, or marital property rights that assigns the right to receive all or part of the benefits payable under a pension plan...

Qualified plan

Definition

See qualified retirement plan.

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