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)

A retirement plan established by an individual that allows annual contributions of income and provides some tax advantages.

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)

Definition from Nolo’s Plain-English Law Dictionary An amendment to the Age Discrimination in Employment Act (ADEA), the OWBPA is a federal law that requires employers to offer older workers (those who are at least 40 years old) benefits that are equal to...

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

Definition from Nolo’s Plain-English Law Dictionary(per dee-um) Latin for "per day," per diem refers to payment of a set amount for each day's expenses for an employee or agent. Typically, a per diem is available only for travel away from home. For...

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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