Employee Benefits Required By Law Essays - Social Security, Economy

Employee Benefits Required by Law Employee Benefits Required by Law The legally required employee benefits constitute nearly a quarter of the benefits package that employers provide. These benefits include employer contributions to Social Security, unemployment insurance, and workers' compensation insurance. Altogether such benefits represent about twenty-one and half percent of payroll costs. Social Security Social Security is the federally administered insurance system. Under current federal laws, both employer and employee must pay into the system, and a certain percentage of the employee's salary is paid up to a maximum limit. Social Security is mandatory for employees and employers. The most noteworthy exceptions are state and local government employees. The Social Security Act was passed in 1935. It provides an insurance plan designed to indemnify covered individuals against loss of earnings resulting from various causes. This loss of earnings may result from retirement, unemployment, disability, or the case of dependents, the death of the person supporting them. Social Security does not pay off except in the case where a loss of income through loss of employment actually is incurred. In order to be eligible for old age and survivors insurance (OASI) as well as disability and unemployment insurance under the Social Security Act, an individual must have been engaged in employment covered by the Act. Most employment in private enterprise, most types of self-employment, active military service after 1956 and employment in certain nonprofit organizations and governmental agencies are subject to coverage under the Act. Railroad workers and United States civil service employees who are covered by their own systems and some occupational groups, under certain conditions, are exempted form the Act. The Social Security Program is supported by means of a tax levied against an employee's earnings which must be matched buy the employer. Self-employed persons are required to pay a tax on their earnings at a rate, which is higher than that paid by employees but less than the combined rates paid by employees and their employers. In order to receive old age insurance benefits, a person must have reached retirement age and be fully insured. A full-insured person is one who must have earned at least $50 in a quarter for a period of 40 quarters. It is possible for an individual who dies or becomes totally disabled at an early age to be classified as fully insured with less than 40 quarters. To receive old age insurance benefits, covered individuals must also meet the test of retirement. To meet this test, persons under 70 cannot be earning more than an established amount through gainful employment. This limitation of earnings does not include income from sources other than gainful employment such as investments or pensions. Social security retirement benefits consist of those benefits which individuals are entitled to receive in their own behalf, called the primary insurance amount, plus supplemental benefits for eligible dependents. These benefits can be determined from a prepared table. There are also both minimum and maximum limits to the amount that individuals and their dependents can receive. The Social Security program provides benefit payments to workers who are too severely disabled to engage in gainful employment. In order to be eligible for such benefits, an individual's disability must have existed for at least 6 month and must be expected to continue for at least 12 months. Those eligible for disability benefits must have worked under Social Security for a t least 5 out of the 10 years before becoming disabled. Disability benefits, which include auxiliary benefits for dependents, are computed on the same basis as retirement benefits and are converted to retirement benefits when the individual reaches the age of 65. The survivors' insurance benefits represent the form of life insurance that is paid to members of a deceased person's family who meet the requirements for eligibility. As in the case of life insurance, the benefits that the survivors of a covered individual's receive may be far in excess of their cost to this individual. Survivors of individuals, who were currently insured, as well as those who were fully insured at the time of death, are eligible to receive certain benefits, provided that the survivors meet other eligibility requirements. A currently insured person is one who has been covered during at least six out of the thirteen quarters prior death. Many people think of Social Security as a retirement program. But, retirement benefits are just one part of the Social Security program. Some of the Social Security taxes person pays go toward survivors insurance. In fact, the value of the survivors insurance he/she has under Social Security is probably more than the value of his/her individual life insurance. When someone

50 Winning Cause and Effect Essay Topics and Ideas

50 Winning Cause and Effect Essay Topics and Ideas If you are struggling with choosing a winning topic for your cause and effect essay feel free to use our cause and effect topics list which is being constantly updated. Cause and effect essay is an essay that deals primarily with the causes and effects of the event, situation or dilemma. The purpose of such an essay is to explain why the event happened, what are all the consequences and ramifications of the event. This  manner  of the  essay is an easy way to discuss and organize ideas around topics. In the essay of this type, you will be required to outline a situation describing what caused it and the effects of that particular situation:  direct and indirect, seen and unseen. 5 STEPS ON HOW TO WRITE A CAUSE AND EFFECT ESSAY How to Structure Your Essay A cause and effect essay is similar in structure to most other essays, in that it requires an introduction, a body, and a conclusion. However, because of the nature of the essay, body paragraphs will be largely  split into two major components, unlike many argumentative essays that often have three major body components. While writing a cause and effect essay stick firmly to the correct  cause and effect essay outline, since it is one of the key factors in getting a high grade for your paper. Cause and Effect Essay Topics by Levels of Difficulty Easy Cause and Effect Essay Topics History Causes of the American Civil War – state’s rights for slavery, unable to compromise, state vs. federal authority Effects of the Civil War – start of the civil war, federal authority established, end to slavery in America Education Causes of Bullying in School – parental abuse at home, feelings of inadequacy Effects of Bullying in School – physical and mental harm, lowering of grades English Causes of the Decline of Spelling in Schools – less focus on rote memorization techniques Effects of the Decline of Spelling in Schools – fewer students are becoming authors Political Science Causes of the Magna Carta – Nobles wanted the Monarchy to be more responsible, King John’s continual tax raises Effects of Magna Carta – all democratic institutions today, rule by the people Medium Difficulty Cause and Effect Essay Topics Marketing Causes of Brand Loyalty – effective marketing campaigns, repetitive advertising, similar messages Effects of Brand Loyalty – higher sales, enables higher pricing levels and better profit margins Sociology Causes of Poverty – lack of education, poor life choices, born into poverty Effects of Poverty – low life quality, perpetuates further poverty Science Causes of the Big Bang – what was the initial reaction, are there other theories more accurate to describe the beginning of the universe Effects of the Big Bang – are the causes relevant to the effects, would the Universe have evolved without a major starting event Criminology Causes of Riots – higher rates of poverty, unfair legislation, not enough social safety nets Effects of Riots – possible government overthrow, higher rate of crime Difficult Cause and Effect Essay Topics Environmental Studies Causes of Climate Change – pollution, human causes, long-term cycles Effects of Climate Change – more prevalent severe weather, rising tides Psychology Causes of Mental Illness – is there a family history, extreme stressful events Effects of Mental Illness – low quality of life, effects on other family members, long-term effects on mental ability Medical Practice Causes of Obesity – genetic causes, environmental causes, societal marketing Effects of Obesity – shorter life span, increase mental illness Computer Science Causes of the Singularity – humans create artificial intelligence for productivity increases Effects of the Singularity – machines take over the earth, machines become sentient If you are looking for cause and effect essay examples here is a great one CAUSE AND EFFECT ESSAY EXAMPLE: GREAT DEPRESSION Cause and Effect Essay Topics by Subject Environmental Issues Effects of CO2 Emissions on Global Environment Causes and Effects of Glacier Melting Effects of Industrial Pollution Causes and Effects of Deepwater Horizon Oil Spill Effects of Drinking Water Contamination Blast Fishing and Its Effect on Marine Ecosystems Political Issues Why Has the US Invaded Iraq and Afghanistan? What are the consequences for such invasion? Did the Community Reinvestment Act (CRA) Lead to Risky Lending? Causes and Consequences of U.S. Governments Efforts to Increase Homeownership Will Congress and the President Take Action on the Growing Debt? What if it Does Not? What are the Causes and Implications of Winding Down Military Operation in Afghanistan? Social Issues Response of Society to Same-sex Marriages How Will Changes in Gun Regulations Affect Our Society? Consequences of Legalizing Abortions The Need for Sustainable Communities: Root Causes and Anticipated Effects Obesity in the US: Root Causes and Effects Economic Issues The Global Financial Crisis: Causes, Consequences, and Possible Alternatives Impact of Consumerism on Global Economy The Economic Impact of Hurricane Sandy Impact of â€Å"Obamacare† onto the Healthcare System Issues in the IT Spread of the Internet has Given Rise to Cyberbullying Cause and Effect of Internet Monitoring by US Government Impact of Social Networking Services on Today’s Life Ethical Issues Genetic Engineering: Causes and Effects Causes and Effects of Legalizing Marijuana for Recreational Use in Colorado Washington Cultural Imperialism Impact of Globalization Writing a cause and effect essay is a very specific task that needs to be structured properly. Teachers and professors are looking for specific links between causes and effects or an explanation as to why they were not causal to each other. A great essay explores not only the direct links that are obvious, it delves into the depth of  other possible connections to the situation. These indirect or unseen causes are often left out of these essays and cause lower marks. Get help in writing your cause and effect essay today by calling 1-800-235-4105  or place your order using our order form.