Employee Benefits

Employee Benefits

Black's Law Dictionary Definition

The receiving as the exchange for promise some performance or forbearance which promisor was not previously entitled to receive[Employer to employee promises].

See also: Employment

What Are They?

Employee benefits are given to employees as a way to secure certain security of having employees stay at a work place longer. Benefits can be medical (ie dental insurance, health insurance, vision plans, or prescription help), retirement plans (401[k] or 403[b]), or any other form of agreement that was not offered before the time of employment. There are many different forms of benefits, which vary from workplace to workplace. Each workplace may have different prerequisites per benefit.

Who is Entitled?

Each workplace has the right to offer differing benefits. According to the Small Businesses Administration, "Examples of required benefits include social security and workers' compensation, while optional benefits include health care insurance coverage and retirement benefits. Both required and optional benefits have legal and tax implications for the employer." To see a more detailed description of employee benefits, please visit www.sba.gov.


Contact Us

If you feel you have been wronged by your employer of employee benefits, please give us a call. Whether you have had an issue with worker's compensation or lack of payment to a 401(k), David Whipple can help. Give us a call for a free thirty minute consultation.

The material provided is intended for informational purpose only. It is not to be considered legal advice and not to be construed as legal representation.