You get 90% of your average weekly earnings before tax for the first 6 weeks, £138.18 or 90% of your average weekly earnings (which ever is lower) for the next 33 weeks. Employees can also get paid time off for antenatal care and extra help from the government including Child Benefit, Child Tax Credit, Working Tax Credit, this can continue for 39 weeks after you go on Maternity leave. If you are not eligible for SMP, you could get Maternity Allowance from the Government. You might get more leave and pay if your employer has a company Maternity Scheme. Your employment rights are protected while on Maternity leave, including pay rises/accrued holidays and return to work.
Comparing Roth IRA’s to Roth 401 (k)’s A Roth IRA account is an individual’s personal retirement account that allows them to set aside after tax income up to a specified amount per year. The earning on the account as well as the withdrawals after age 59 ½ are tax free. The Roth 401 (k) combines the features of a traditional 401 (k) with features of a Roth IRA. Both of these retirement plans allows for the individual to contribute to the account without any up front tax deductions. As long as the account was held for more than five years withdraws are not subject to income tax after the normal retirement age.
Retrieved from http://www.dol.gov/compliance/laws/comp-erisa.htm 5. Fair Labor Standards Act (FLSA): • For FLSA to apply, there has to be an employment relationship between the “company” and the “worker”. • Established minimum wages, overtime pay, recordkeeping, and youth employment standards affecting workers within the private sector to include federal, local, and state governments. Overtime is to be paid after a worker has gone over 40 hours of work in a week. • Overtime rate is 1.5 times a workers regular time rate.
Employee A meets the qualifications to take a family leave of absence. The company followed the guidelines by allowing him to take the leave of absence and he has returned to work prior to the 12 week maximum leave period. The company is not required to pay an employee for this leave of absence. However, the company is required to return the employee at the same level of skill and pay and with benefits intact. Situation B The Age Discrimination in Employment Act of 1967 was created to protect employees and applicants over the age of 40 from discrimination based on age.
The second day care is center-based and they are charging a set fee of $400.00 plus an additional $10.00 per hour which also includes all feeding and changing costs per week. Both centers do not have an overage fee, but do apply the regular hourly rate if extra time is needed. Although they prefer a home-based day care center where the newborn is presumed to obtain more personal close care the parents would like to figure the amount they would be saving and decide which is an appropriate and affordable setting for their newborn. B.) Home-based day care: y = 20x Center-based day care: y = 400 + 10x In these scenarios y represents the total cost of the day care.
Social security consists of three major programs: retirement (69%), survivors (14%), and disability (17%). The retirement program provides a monthly income for workers once they reach the retirement age, which depending on when they were born, is between 65 to 67 years old. To qualify, workers must have worked 40 quarters during their lives, and the amount received is based on their income while working. The survivors program provides a monthly income for a surviving spouse once he/she reaches retirement age. This also pays benefits to children under the age of 18 along with the surviving spouse caring for them.
The employees that have been with the ABC Company for more than 10 years will receive a severance package and the employees that have 10 years or less will receive unemployment according to state laws. In some states, an employer that offers a certain type of layoff is mandated to pay a small amount of severance or continue employee health benefits for a short period of time. Severance pay is money that an employer might want to provide for an employee who is leaving their company (Heathfield, 2014). Unemployment benefits are Federal-State Unemployment Insurance is provides unemployment benefits to eligible workers who are unemployed through no fault of their own, and meet other eligibility requirements of State law. Ordinarily, the benefit for eligible workers is 50% of their average weekly income, up to a fixed maximum set by the
Christopher Mburu Dr. Gary Hanney Week 5 Assignment 3: The Patient Protection and Affordable Care Act MHC6304 July 30, 2013 Health Insurance is a family concern; Under The Patient Protection Act and The Affordable Care Acts it allows family dependents to stay on their parents health insurance until they are 26 years old. “Some health plans are not required to extend benefits to young adults if they can get coverage at work; this exception goes away in January 2014” (ObamaCare Facts). The ACA helps to provide affordable healthcare insurance by offering mandates, subsidies, and tax credits to employers and individuals to increase the coverage rate. Low-income individuals and families may qualify for cheaper plans set up government. “Obamacare
UI pays you a weekly benefit for a limited number of weeks while you look for new work. Calculation of your benefit is based on earned wages from your present and/or past employers dating back as far as 18 months from the date of your termination. Health Insurance- The primary health insurance for Elisda employees is provided by the State Group Health Insurance Program. This program covers all office employees as well as construction technicians, and employees-in-training. It consists of ("HMO").
Understanding Employment Responsibilities and Rights in Health and Social Care settings. Question 1 - Describe the terms and conditions of your own contract Pay & Hours - My contract of employment states that I have been contracted to work 35 hours a week as an hourly paid employee. This means I am to be paid by each hour I do, rather than a weekly or monthly salary. My pay will be made up of my basic hourly rate plus any allowances and overtime I might have occurred through the month. My contract states I will be paid 1 month in arrears on the 15th of each month or just before if the 15th is on a weekend.