Item 3: What does Employers Cost for Fringe Benefits, include?
Legally required payments for all programs required under Federal and state legislation: • Federal Old Age and Survivor’s Insurance • Unemployment compensation Worker’s compensations • State temporary disability payments for establishment located in Rhode Island, California, New York and New Jersey • Payments for voluntary programs not specifically required by Federal or state legislation whether initiated by the employer or established as a result of a collective bargaining contract. • INCLUDE employer’s cost for fringe benefits costs paid to a professional employer organization as part of a co-employment arrangement. • Employer payments to programs financed jointly by employer and employee contributions. Include employer payments for: • Insurance premiums on hospital and medical plans • Life insurance premiums • Premiums on supplementary accident and sickness insurance • In reporting payments for insurance, report net payments (i.e., gross payments less any offsetting dividends, refu
