More than encouraged, actually: All employees were told that they were expected to donate
by automatic payroll deduction, and some were told directly to give money to specific candidates.
With automatic payroll deduction, your employees get a hassle - free opportunity to save for their children's higher education costs with low, budget - friendly minimums that make saving easy.
The benefits to your employees are threefold: Most likely they'll increase their savings rates (especially if you
offer automatic payroll deduction), they'll have access to lower loan rates, and they'll pay lower fees — if any — for services.
Employees of a business are not allowed to set up a PAC that takes
voluntary automatic payroll deductions meant for political spending in New York, but unions can take such voluntary deductions out of workers» paychecks for campaign efforts.
By paying yourself first
through automatic payroll deductions, you are diverting money into a retirement or savings account before you have the opportunity to think about spending it.»
At the time of hiring, supervisors tell employees that they are expected to contribute to the company PAC
by automatic payroll deduction — typically 1 percent of their salary, a level confirmed by a 2008 letter to employees from the PAC's treasurer.
Details of 401 (k) offered: Accenture explains on its website that all new employees are eligible to enroll in a 401 (k) account through
automatic payroll deductions.
The plaintiffs want to overturn
an automatic payroll deduction process for teachers who don't want a portion of their fees to go for political activities to have to «opt out» of funding those activities.
Plus you'll have a tax - deferred account that makes saving a cinch through
automatic payroll deduction.
However, most employee stock purchasing plans are facilitated through
automatic payroll deductions, which Anderson says is a great way for young people to contribute and save without feeling the pinch as acutely.
By paying yourself first through
automatic payroll deductions, you are diverting money into a retirement or savings account before you have the opportunity to think about spending it.»
Great call with
the automatic payroll deductions as well!
This is why there's probably no better advice for saving for retirement than setting up
an automatic payroll deduction for your 401k that, at the very least, takes full advantage of whatever your employer is ready to match.
The forced savings of
an automatic payroll deduction is the only way many people can save money.
After making the point that saving regularly can add up to significant sums over the course of a career, you can then show why a 401 (k)-- with its tax - breaks,
automatic payroll deductions and, often, employer matching funds — is an ideal mechanism to pull off such a long - term savings regiment.
With its attractive tax breaks and
automatic payroll deductions, a 401 (k) can be a highly effective tool for building a nest egg that can support you throughout retirement — provided you use it correctly.
Automatic payroll deduction is less common, but is growing in popularity as the states add it.
In terms of saving money, the client would be much better off placing $ 9.70 a week, through
automatic payroll deductions, into some form of savings account like a TFSA.
Plan for the future and set up
an automatic payroll deduction that will whisk away 5 % to 10 % of your paycheque before you ever see it, and deposit that amount in a good, low - cost mutual fund.
Premiums are typically paid through
an automatic payroll deduction and can be as much as 10 % to 20 % less because of efficiencies in enrollment and billing procedures.
You can set up automatic deposits from a bank account or
automatic payroll deduction.
Two new features are being added to the AVC option (year - round lump sum transfers and
automatic payroll deduction).
All payments for Aflac life insurance policies, whether whole or term, must be made through
automatic payroll deductions.
There are a variety of convenient payment options, including electronic funds transfer and (where available)
automatic payroll deduction.
Convenience — and
automatic payroll deduction — has its charms, but you should also shop online for a policy.
Make
it an automatic payroll deduction and increase it when your paycheck goes up.
«The easiest way to save money is to automate the process, preferably through
an automatic payroll deduction.»