According to the Family and Medical Leave Act (FMLA), a leave year is a right an employee has to take an FMLA leave, provided the employee works for a covered employer. Generally, the FMLA covers private employers with 50 or more employees,...
employee benefits
Older Workers Benefit Protection Act (OWBPA)
In 1990, Congress amended the Age Discrimination in Employment Act (ADEA), adding the Older Workers Benefit Protection Act (OWBPA) to clarify the prohibitions against discrimination on the basis of age. The OWBPA is a federal law that requires...
pension
A pension is an employee retirement benefit plan that entitles a former employee (or their beneficiaries) to a series of regular fixed-sum payments during retirement.
Pension Law: An OverviewUpon retirement many workers...
per diem
Per diem is a Latin phrase that translates to “per day.” Generally, per diem describes a daily amount paid to a person for work expenses incurred during work travel. This most commonly includes accommodation and meals, though other expenses...
QDRO
QDRO is an abbreviation for qualified domestic relations order, which is a domestic relations order, i.e., a judgment, order, or decree for alimony, support, or marital property rights, and the domestic relations order must transfer all or...
qualified domestic relations order (QDRO)
Under the Employee Retirement Income Security Act ("ERISA") a qualified domestic relations order (QDRO) is a domestic relations order, i.e., a judgment, order, or decree for alimony, support, or marital property rights, which must transfer...
qualified plan
A qualified plan refers to employer-sponsored retirement plans that satisfy requirements in the Internal Revenue Code for receiving tax-deferred treatment. Most retirement plans offered by employers qualify including defined contribution...
qualified retirement plan
A qualified retirement plan refers to employer-sponsored retirement plans that satisfy requirements in the Internal Revenue Code for receiving tax-deferred treatment. Most retirement plans offered by employers qualify including defined...
severance pay
Severance pay is a fee paid to an employee after an involuntary termination. In most circumstances, severance pay is not required, but employers promise severance pay as a way to attract workers. If an employer offers severance pay, the terms...
sick leave
Sick leave is when an employee takes time off work because of an illness or injury. Although there is no federal requirement for paid sick leave, according to the U.S. Department of Labor, employers subject to the Family and Medical Leave Act...