the topic which is disused in these slides are Employee benefit. in which i first disused retirement benefit,paid time off,vacation and leave,survivor benefit etc.

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2. TOPIC
EMPLOYEE
BENEFITS
PRESENTED TO:
PROF . SOHAIL RASHID
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3. Group# 09
ARSLAN HAIDER 2018-AG-8374
ZAMAN BAJWA 2018-AG-8476
ABDUL HANAN 2018-AG-8355
SALMAN AHMAD 2018-AG-8464
ALI RAZA 2018-AG-8421
HASEEB-UL-REHMAN 2018-AG-8457
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4. Retirement Benefits
Social security replaces a percentage of a worker's pre-
retirement income based on their lifetime earnings. The
amount of your average wages that social
security retirement benefits replaces varies depending on
your earnings and when you choose to start benefits.
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5. DEFINED BENEFIT PLANS
A retirement program that pays retiring
employees a fixed retirement income
based on average earnings over a
period of time.
CONTRIBUTION PLANS
No specific benefit payout is promised
because the value of the retirement
account depends on the growth of
contributions of employee and
Employer.
Individual
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6. MONEY PURCHASE PENSION PLANS
Money purchase pension plans are one type of
Defined contribution plan. Under this arrangement, the organization commits to
deposit annually a fixed amount of money or a percentage of the employee’s pay Into a
fund.
Profit-sharing plans
Profit-sharing pension plans are yet another variation of
Defined contribution plans. Under such a plan, the company contributes to a trust fund
Account an optional percentage of each worker’s pay (maximum allowed by law is 25
Percent).
INDIVIDUAL RETIREMENT ACCOUNTS
Individual retirement accounts have gone
through many changes. Two types now exist to assist small business owners and self-employed people.
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7. Paid Time Off
Various benefits provide pay for time off from work.The most popular
of these are vacation and holiday leave and disability insurance, which
includes sick leave and shortand Long-term disability programs.
Although we’ll present these as separate items, Some organizations
lump all paid time off into a single bank of time called paid time Off
(PTO) as shown in exhibit 12-6. As the time is used, it is charged to one’s
account, Whether it is used for vacation or sick leave.
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8. Vacation and leave
After employees have been with an organization for a specified period
of time, they usually become eligible for a paid vacation. Common
practice is to relate the length of vacation to the length of tenure and
job classification in the organization. For example, after Six months’
service with an organization, an employee may be eligible for one
week’s Vacation; after a year, two weeks; after five years, three weeks;
and after ten or more years, Four weeks.
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9. Disability Insurance programs
Most employees face a greater probability of a disabling injury that requires an
absence from work of more than ninety days than that they will die before
retirement. Programs to address this area of need can be broken down into two
broad categories: short-term and long-term disability programs. Almost all
employers offer some type of short-term disability plan. Under this heading include
the company sick-leave policy, short-term disability programs,
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10. Survivor Benefits
Many companies offer life insurance as a benefit to provide protection to
the families of employees. Life insurance programs are one of the more
popular employee benefits.
GROUP TERM LIFE INSURANCE
Life insurance is one of the most common and most popular voluntary
benefits. Many Employers offer a small amount of group term life
insurance to full-time employees. This Coverage is frequently equal to the
employee’s annual salary, but a recent survey by Workforce Management
found that 75 percent of employers offer supplemental life insurance that
allows the employee to increase the amount of coverage for an additional
fee paid by the employee.
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11. Travel Insurance
Travel insurance policies cover employees’ lives in the event of death
while traveling on company time. A typical policy would pay five times
the employee’s salary up to $1 million. Depending on any unique
policy provisions, the insurance typically will be paid as long as an
employee is conducting business-related activities when the death
occurs.
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12. Employee Services and
Family-Friendly Benefits
In addition to the benefits described, organizations offer a
wealth of services employees may find desirable.
Employees may receive these services at no cost or at a
cost shared with the organization.
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13.  Flexible benefits
 A benefits program in which employees
 pick benefits that most meet their
 needs.
 Flexible spending accounts
 Allow employees to set aside money
 before payroll taxes to pay for healthcare
 or dependent care.
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