What employee fringe benefits do I have to provide while participating in the shared work program?
(a) You must continue to provide your employees with health benefits and with retirement benefits for defined pension plans under Section 3(35) of the Employee Retirement Income Security Act of 1974. You must maintain these benefits for your shared work employees as though their weekly hours had not been reduced. (b) You must continue to provide paid vacation, holiday, and sick leave on the same basis as before their hours were reduced. (c) Other benefits such as long-term disability and life insurance are optional. You may choose to provide these benefits but they are not a requirement for participation in the program. (3) What is required if the business name is changed? You must report any change in your business name to the shared work program unit within ten working days. (4) What is required if the designated employer representative is changed? You must notify the shared work unit of the change within ten working days. (5) Can I modify an approved shared work plan? Answering “yes
Related Questions
- What if six weeks of my salary with fringe benefits is more than the $12,000 limit for the Summer Fellowship program?
- How do I get to know the complete details on the employee policies, procedures and benefits program?
- How many benefits can each eligible employee receive in the 2010-2011 program year?
