article thumbnail

Mental Injuries: Workers’ Compensation and Disability Insurance Part 1

Workers' Compensation Perspectives

Many workers’ compensation jurisdictions and work-disability insurers have noted increasing mental disorder (also called psychological injury, mental injury) claims over time. US Social Security provides benefits to workers for certain disabilities. In this post, we survey some of the data reflecting this increase.

article thumbnail

Rules Adopted to End NJ Pension Cost Shifting

Workers' Compensation

concluded that employers must pay complete workers’ compensation benefits, and the state pension system should be permitted to take an offset in benefits than it pays out. Likewise, the Social Security System can seek an offset in most jurisdictions for disability insurance payments to injured workers. Cost-Shifting The D.W.C.

Pension 64
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

Health insurance 2. Pension or retirement savings plan 3. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Disability insurance Looking at these results, it’s clear that financial security is a major driver of employee benefit choices.

article thumbnail

Financial Aspects of “Unretirement”

Money Talk

pension, Social Security, annuities, required minimum distributions) may necessitate adjustments in tax withholding or quarterly estimated tax payments. A new job may also provide access to valuable employer term life and disability insurance. The coverage must be deemed creditable or late enrollment penalties will apply.

article thumbnail

Paul Gilshan: Are employee benefits as important as salary?

Employee Benefits

Employee benefits are defined as ‘non-salary compensation provided to employees in addition to their salary or hourly pay’ These benefits may include private medical insurance, pension contributions , childcare vouchers, a car scheme , and other perks such as discounts on gym memberships, travel, or education.

Salary 98
article thumbnail

Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

Dental insurance. Life insurance. Accident insurance. Long-term and short-term disability insurance. Accidental death and dismemberment insurance. Defined benefit pension plans. Critical illness insurance. Hospital indemnity insurance. Cancer insurance. Vision care.

article thumbnail

The Disability Insurance “trust gap” Part 1: Causes

Workers' Compensation Perspectives

[The following notes background and discussion points from a series of sessions Disability Management undergraduates completing a 4 th year course on Workplace Insurance and Benefits. Part 1 explores the reasons for the lack of trust in disability insurance. The trust gap is not unique to the disability insurance sector.