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A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest versions of such plans, which allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a cafeteria.
Some benefits, such as unemployment and worker's compensation, are federally required and arguably can be considered a right, rather than a benefit. [2] American corporations often offer cafeteria plans to their employees. These plans would offer a menu and level of benefits for employees to choose from.
In the United Kingdom, employee benefits are categorised by three terms: flexible benefits (flex) and flexible benefits packages, voluntary benefits and core benefits. "Core benefits" is the term given to benefits which all staff enjoy, such as pension, life insurance, income protection, and holiday.
Pages in category "Employee benefits" The following 38 pages are in this category, out of 38 total. ... Cafeteria plan; Corporate child care; D. Disability insurance; E.
A corporate office's cafeteria in Bangalore, India, December 2003.. A cafeteria, sometimes called a canteen outside the U.S. and Canada, is a type of food service location in which there is little or no waiting staff table service, whether in a restaurant or within an institution such as a large office building or school; a school dining location is also referred to as a dining hall or ...
This means that if, for example, a person is employed by a company from January through June and covered on their cafeteria benefits plan (including FSA) during that time, but does not elect and pay for continued coverage under that plan (i.e., COBRA), the person's coverage period is defined only as January through June, not January through ...
Health benefits provided by employers are also tax-favored: Employee contributions can be made on a pre-tax basis if the employer offers the benefits through a section 125 cafeteria plan. Workers who receive employer-sponsored health insurance tend to be paid less in cash wages than they would be without the benefit, because of the cost of ...
The word coffee in various European languages [8]. The most common English spelling of café is the French word for both coffee and coffeehouse; [9] [10] it was adopted by English-speaking countries in the late 19th century. [11]