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You have been asked by your human resources (HR) director to create a benefits booklet for the employees within your organization. Your company provides security services in a metropolitan area and employs 120 full time employees, 45 part time employees, as well as seasonal workers in the holiday season. In your booklet, you will explain the discretionary (including pension and retirement plans) and mandated benefits that your organization offers. Use Chapters 9 and 10 in the textbook to review these types of benefits, and choose the ones that you would like to use within your organization. Be sure to completely explain these benefits and how to use them within your booklet. When discussing pension and retirement plans, ensure that the participation requirements for these plans are fully described.

In the introduction of your booklet, create a fictional name and location for your company. Also, include fictional background information such as when the company was founded.

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Your booklet should consist of at least five pages. APA is not required for this assignment; however, please use correct grammar and punctuation.

Microsoft Word has various templates to choose from when creating your booklet, or you can search for templates online; however, the content of your booklet should be original.

Who we areWe are a consulting firm with several professional years of progressive technical, management, and executive experience. Committed to excellence and safety culture through optimizing management systems, shaping behaviors, developing comprehensive industrial hygiene, radiation safety, emergency response, training, and occupational environmental health programs. Experienced in reducing health risks in medical, aerospace, manufacturing, R&D, communication, and civil engineering operations.Contact Us1355 Peachtree Troy, MI 48083Phone: 248-524-9028Email: [email protected]Web: www.safetyconsulting.comSAFETY Consulting1355 Peachtree Troy, MI 48083SCEmployee Benefits BookletSAFETY ConsultingHealth and Safety
Table of ContentsOverview of Employee Benefits 1Mandatory Benefits 2Unemployment/Old Age, Survivor, and Disability 2Health Insurance 2Medicare, Workers’ Compensation, Family/Medical Leave 3Discretionary Benefits 4Retirement Savings Plan 4Retirement Pension Plan 4Tuition Assistance and Paid Time Off 5Discretionary Benefits continued…Tuition AssistanceUp to 100% of tuition assistance with a cap of $250 per semester hour with a maximum limit of $4,500 on a fiscal year basis. Once the maximum limit is used, the tuition assistance will restart the monetary assistance at the beginning of the new fiscal year. We will provide tuition assistance at undergraduate and graduate degree programs that enhance employees’ knowledge, skills, and abilities.Paid Time OffMajor types of paid time off are holidays, vacation, sick leave, personal leave, jury duty, funeral leave, military leave, break time, lunch period, sabbatical leave, and volunteerism. Some benefits will include 20 days annually for vacation, 2 days/month for sick leave, 2 days/month for personal leave.
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Discretionary BenefitsCompetitive PayMonthly income with competitive salary. Eligible members who are working overseas will receive allowance for rent, food subsistence, and cost of living allowance based on location. Pay increases will account for the annual cost of living increase, promotion opportunities, and seniority pay increase.Retirement Savings PlanOur retirement savings plan will offer a company match incentive. We will contribute $0.50 for every $1.00 of employees’ contribution up to 5% of salary pay for full-time employees. We will offer Roth 401(k) where employees’ contributions are taxed at individual’s income tax rate and upon retirement, employee withdrawals are not taxed. This allows members to contribute pre-tax dollars and contributions can be made simple through payroll deductions.Retirement Pension PlanOur pension plan guarantees eligible retirement benefits after five years of continuous service for full-time employees. Benefits begin immediately after retirement. The plan will pay 50-75% of the last 3 years’ average salary pay. Retirement pension plan will be capped at 75% with 30 years of service.30Benefits OverviewThe employee benefits package will ensure that people compensated that is consistent with the market industry. People are the center of our firm; therefore, it is important to invest in comprehensive well-being of our employees to attract and retain the highest talented workforce.Discretionary Benefits· Competitive Salary· Retirement Savings Plan· Retirement Pension Plan· Tuition Assistance· Paid Time OffMandatory Benefits· Unemployment Insurance· Old Age, Survivor, and Disability· Medicare· Workers’ Compensation· Family and Medical Leave· Health Insurance
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Mandatory BenefitsUnemployment InsuranceState-federal program for temporary monetary assistance to eligible employees that are unemployed through no fault of their own. An approximate expected benefit is 50% of full-time wage, up to a max amount of $275 per week. This temporary assistance is up to 26 weeks or until employment is found.Old Age, Survivor, and Disability InsuranceSocial Security Program that provides retirement income, survivor’s insurance, and disability insurance to eligible individuals. This program is a monthly income benefit due to retirement, disability or death. Benefits can be collected as early as age 62 with a gradual increase to age 67 in year 2022. Survivor benefits extends to unmarried dependents and spouse if the deceased worker was fully insured. Disability benefits are provided to all disabled workers and family members due to inability to perform work because of a chronic medical condition or to result in death.Health InsuranceAffordable health insurance that fulfills the mandatory health insurance coverage set in the Patient Protection and Affordable Care Act of 2010 (PPACA). Plan will consist of a health maintenance organization (HMO) for inpatient and outpatient care, services from physicians, and other health care professionals approved by the HMO. HMO will include prepaid services of various health care services rendered for eligible employees and coverage for dependents.Mandatory Benefits continued…MedicareOffered to US citizens age 65 or older for insurance coverage for hospitalization, convalescent care, and major doctor bills. Medicare consists of five separate features: Medicare Part A, Part B, Medigap, Medicare Part C, and Part D.Workers’ CompensationThis is a state-run insurance program to cover expenses incurred in employees’ work-related accidents. Coverage details can be found at www.floir.com.Family and Medical LeaveThis is to provide eligible workers with job protection in the event of family or medical emergency. Employees are guaranteed return rights to their former position prior to taking family and medical leave. Eligible employees must have been employed for at least 12 months and have provided 1,250 hours of service prior to making a request for leave. Eligible employees are entitled to 12 unpaid work weeks of leave during any 12-month period for reasons covered under the Family and Medical Leave Act (FMLA).
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Who we are
We are a consulting firm with several professional years of progressive technical, management, and executive experience. Committed to excellence and safety culture through optimizing management systems, shaping behaviors, developing comprehensive industrial hygiene, radiation safety, emergency response, training, and occupational environmental health programs. Experienced in reducing health risks in medical, aerospace, manufacturing, R&D, communication, and civil engineering operations.

Contact Us
1355 Peachtree Troy, MI 48083

Phone: 248-524-9028

Email: [email protected]

Web: www.safetyconsulting.com

SAFETY Consulting
1355 Peachtree Troy, MI 48083

SC

Employee Benefits Booklet

SAFETY Consulting

Health and Safety
Table of Contents

Overview of Employee Benefits 1

Mandatory Benefits 2

Unemployment/Old Age, Survivor, and Disability 2

Health Insurance 2

Medicare, Workers’ Compensation, Family/Medical Leave 3

Discretionary Benefits 4

Retirement Savings Plan 4

Retirement Pension Plan 4

Tuition Assistance and Paid Time Off 5

Discretionary Benefits continued…
Tuition Assistance

Up to 100% of tuition assistance with a cap of $250 per semester hour with a maximum limit of $4,500 on a fiscal year basis. Once the maximum limit is used, the tuition assistance will restart the monetary assistance at the beginning of the new fiscal year. We will provide tuition assistance at undergraduate and graduate degree programs that enhance employees’ knowledge, skills, and abilities.

Paid Time Off

Major types of paid time off are holidays, vacation, sick leave, personal leave, jury duty, funeral leave, military leave, break time, lunch period, sabbatical leave, and volunteerism. Some benefits will include 20 days annually for vacation, 2 days/month for sick leave, 2 days/month for personal leave.

5

Discretionary Benefits
Competitive Pay

Monthly income with competitive salary. Eligible members who are working overseas will receive allowance for rent, food subsistence, and cost of living allowance based on location. Pay increases will account for the annual cost of living increase, promotion opportunities, and seniority pay increase.

Retirement Savings Plan
Our retirement savings plan will offer a company match incentive. We will contribute $0.50 for every $1.00 of employees’ contribution up to 5% of salary pay for full-time employees. We will offer Roth 401(k) where employees’ contributions are taxed at individual’s income tax rate and upon retirement, employee withdrawals are not taxed. This allows members to contribute pre-tax dollars and contributions can be made simple through payroll deductions.

Retirement Pension Plan
Our pension plan guarantees eligible retirement benefits after five years of continuous service for full-time employees. Benefits begin immediately after retirement. The plan will pay 50-75% of the last 3 years’ average salary pay. Retirement pension plan will be capped at 75% with 30 years of service.

30

Benefits Overview

The employee benefits package will ensure that people compensated that is consistent with the market industry. People are the center of our firm; therefore, it is important to invest in comprehensive well-being of our employees to attract and retain the highest talented workforce.

Discretionary Benefits

· Competitive Salary

· Retirement Savings Plan

· Retirement Pension Plan

· Tuition Assistance

· Paid Time Off

Mandatory Benefits

· Unemployment Insurance

· Old Age, Survivor, and Disability

· Medicare

· Workers’ Compensation

· Family and Medical Leave

· Health Insurance

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1

Mandatory Benefits
Unemployment Insurance
State-federal program for temporary monetary assistance to eligible employees that are unemployed through no fault of their own. An approximate expected benefit is 50% of full-time wage, up to a max amount of $275 per week. This temporary assistance is up to 26 weeks or until employment is found.
Old Age, Survivor, and Disability Insurance
Social Security Program that provides retirement income, survivor’s insurance, and disability insurance to eligible individuals. This program is a monthly income benefit due to retirement, disability or death. Benefits can be collected as early as age 62 with a gradual increase to age 67 in year 2022. Survivor benefits extends to unmarried dependents and spouse if the deceased worker was fully insured. Disability benefits are provided to all disabled workers and family members due to inability to perform work because of a chronic medical condition or to result in death.

Health Insurance

Affordable health insurance that fulfills the mandatory health insurance coverage set in the Patient Protection and Affordable Care Act of 2010 (PPACA). Plan will consist of a health maintenance organization (HMO) for inpatient and outpatient care, services from physicians, and other health care professionals approved by the HMO. HMO will include prepaid services of various health care services rendered for eligible employees and coverage for dependents.

Mandatory Benefits continued…
Medicare
Offered to US citizens age 65 or older for insurance coverage for hospitalization, convalescent care, and major doctor bills. Medicare consists of five separate features: Medicare Part A, Part B, Medigap, Medicare Part C, and Part D.

Workers’ Compensation

This is a state-run insurance program to cover expenses incurred in employees’ work-related accidents. Coverage details can be found at www.floir.com.

Family and Medical Leave

This is to provide eligible workers with job protection in the event of family or medical emergency. Employees are guaranteed return rights to their former position prior to taking family and medical leave. Eligible employees must have been employed for at least 12 months and have provided 1,250 hours of service prior to making a request for leave. Eligible employees are entitled to 12 unpaid work weeks of leave during any 12-month period for reasons covered under the Family and Medical Leave Act (FMLA).

2

3

Who we areWe are a consulting firm with several professional years of progressive technical, management, and executive experience. Committed to excellence and safety culture through optimizing management systems, shaping behaviors, developing comprehensive industrial hygiene, radiation safety, emergency response, training, and occupational environmental health programs. Experienced in reducing health risks in medical, aerospace, manufacturing, R&D, communication, and civil engineering operations.Contact Us1355 Peachtree Troy, MI 48083Phone: 248-524-9028Email: [email protected]Web: www.safetyconsulting.comSAFETY Consulting1355 Peachtree Troy, MI 48083SCEmployee Benefits BookletSAFETY ConsultingHealth and Safety
Table of ContentsOverview of Employee Benefits 1Mandatory Benefits 2Unemployment/Old Age, Survivor, and Disability 2Health Insurance 2Medicare, Workers’ Compensation, Family/Medical Leave 3Discretionary Benefits 4Retirement Savings Plan 4Retirement Pension Plan 4Tuition Assistance and Paid Time Off 5Discretionary Benefits continued…Tuition AssistanceUp to 100% of tuition assistance with a cap of $250 per semester hour with a maximum limit of $4,500 on a fiscal year basis. Once the maximum limit is used, the tuition assistance will restart the monetary assistance at the beginning of the new fiscal year. We will provide tuition assistance at undergraduate and graduate degree programs that enhance employees’ knowledge, skills, and abilities.Paid Time OffMajor types of paid time off are holidays, vacation, sick leave, personal leave, jury duty, funeral leave, military leave, break time, lunch period, sabbatical leave, and volunteerism. Some benefits will include 20 days annually for vacation, 2 days/month for sick leave, 2 days/month for personal leave.
5
Discretionary BenefitsCompetitive PayMonthly income with competitive salary. Eligible members who are working overseas will receive allowance for rent, food subsistence, and cost of living allowance based on location. Pay increases will account for the annual cost of living increase, promotion opportunities, and seniority pay increase.Retirement Savings PlanOur retirement savings plan will offer a company match incentive. We will contribute $0.50 for every $1.00 of employees’ contribution up to 5% of salary pay for full-time employees. We will offer Roth 401(k) where employees’ contributions are taxed at individual’s income tax rate and upon retirement, employee withdrawals are not taxed. This allows members to contribute pre-tax dollars and contributions can be made simple through payroll deductions.Retirement Pension PlanOur pension plan guarantees eligible retirement benefits after five years of continuous service for full-time employees. Benefits begin immediately after retirement. The plan will pay 50-75% of the last 3 years’ average salary pay. Retirement pension plan will be capped at 75% with 30 years of service.30Benefits OverviewThe employee benefits package will ensure that people compensated that is consistent with the market industry. People are the center of our firm; therefore, it is important to invest in comprehensive well-being of our employees to attract and retain the highest talented workforce.Discretionary Benefits· Competitive Salary· Retirement Savings Plan· Retirement Pension Plan· Tuition Assistance· Paid Time OffMandatory Benefits· Unemployment Insurance· Old Age, Survivor, and Disability· Medicare· Workers’ Compensation· Family and Medical Leave· Health Insurance
41
Mandatory BenefitsUnemployment InsuranceState-federal program for temporary monetary assistance to eligible employees that are unemployed through no fault of their own. An approximate expected benefit is 50% of full-time wage, up to a max amount of $275 per week. This temporary assistance is up to 26 weeks or until employment is found.Old Age, Survivor, and Disability InsuranceSocial Security Program that provides retirement income, survivor’s insurance, and disability insurance to eligible individuals. This program is a monthly income benefit due to retirement, disability or death. Benefits can be collected as early as age 62 with a gradual increase to age 67 in year 2022. Survivor benefits extends to unmarried dependents and spouse if the deceased worker was fully insured. Disability benefits are provided to all disabled workers and family members due to inability to perform work because of a chronic medical condition or to result in death.Health InsuranceAffordable health insurance that fulfills the mandatory health insurance coverage set in the Patient Protection and Affordable Care Act of 2010 (PPACA). Plan will consist of a health maintenance organization (HMO) for inpatient and outpatient care, services from physicians, and other health care professionals approved by the HMO. HMO will include prepaid services of various health care services rendered for eligible employees and coverage for dependents.Mandatory Benefits continued…MedicareOffered to US citizens age 65 or older for insurance coverage for hospitalization, convalescent care, and major doctor bills. Medicare consists of five separate features: Medicare Part A, Part B, Medigap, Medicare Part C, and Part D.Workers’ CompensationThis is a state-run insurance program to cover expenses incurred in employees’ work-related accidents. Coverage details can be found at www.floir.com.Family and Medical LeaveThis is to provide eligible workers with job protection in the event of family or medical emergency. Employees are guaranteed return rights to their former position prior to taking family and medical leave. Eligible employees must have been employed for at least 12 months and have provided 1,250 hours of service prior to making a request for leave. Eligible employees are entitled to 12 unpaid work weeks of leave during any 12-month period for reasons covered under the Family and Medical Leave Act (FMLA).
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