AEDE 3160 – HR Exam #2 10/24/2013 Benefits and Compensation Social Security – the federal old age, survivors, disability, and health insurance program o o Combines: old age (retirement) insurance, survirvor’s insurance, disability insurance, hospital insurance (Medicare part A), supplementary medical insurance (Part B) Flat payroll tax on employees and employers Unemployment Insurance – federally mandated program administered by states o Focuses on minimizing hardships…
Words 2059 - Pages 9