"Eligible employees" refers to the individuals who meet certain qualifications or criteria set by an employer to avail specific benefits, entitlements, or opportunities provided by the company.
Full definition
Typically, the employer purchases annuity contracts or sets up custodial accounts
for eligible employees who choose to participate.
Among firms that offer insurance, the share
of eligible employees is highest among the smallest firms (and so is the «take - up rate» among employees).
Eligible employees who are having a baby have the right to take up to a year of maternity leave - no matter how long they have worked for an employer.
Share purchase plans
offer eligible employees the chance to purchase shares, sometimes through a loan from their employer.
Benefits offered to
eligible employees include health insurance, bonus programs, a 401 (k) fund, college tuition reimbursement, employee stock ownership, vacation time, and personal days.
As long as any employer with 5 or
more eligible employees offers a workplace savings plan to all employees within the deadline provided in the regulations, the employer is fulfilling the government mandate.
We offer a full complement of benefits and programs designed to
give eligible employees and their families the best possible support.
Eligible employees receive a comprehensive benefits package that includes medical coverage, a retirement plan with employer match, merchandise discounts, and more.
About 100 of 150
eligible employees joined the plan when it was offered three years ago; 90 of those 100 are still with the company.
Half
of eligible employees aren't participating in a single wellness offering, and less that a quarter are choosing to engage with diet and exercise programs.
Other benefits include the Tuition Reimbursement Program, which
allows eligible employees to earn tuition reimbursement based on the number of years they have been with the company.
Aided over 30,000 benefit
eligible employees in their benefit needs for medical, dental, vision, life, disability, and retirement accounts.
A Business Insurance article states that an average of 20 percent of
eligible employees made FSA contributions in 2010.
If they are making over $ 120k a year, they're considered «highly compensated employees» (HCEs) and can only contribute at the same rate as the average of all
other eligible employees making less than $ 120k.
The Kraft Heinz PAC, the company's political action committee, is funded by voluntary contributions
from eligible employees and shareholders.
Recently, McDonald's USA announced a wage increase and paid time off for employees at its company - owned restaurants and expanded educational opportunities for
eligible employees at all restaurants.
The employer
pays eligible employees a pre-determined amount of money — their defined benefit, say $ 2,000 — each month in retirement.
The Family Medical Leave Act (FMLA) can pertain to pregnancy discrimination, since it requires employers to give
eligible employees unpaid time off for family medical situations, and it prohibits discrimination or retaliation based on the use of such leave.
Zeigler will
reimburse eligible employees for tuition and supplies on required courses to enable our employees that will enable them to improve their skills and qualify for advancement.
These plans are administered by major insurance carriers (i.e. BCBSNC, United Healthcare, Aetna) and employers must have more than 25 full
time eligible employees and 20 employees enrolled in the plan to be eligible for coverage.
Tuition assistance offered: Scottrade offers up to 50 percent of tuition reimbursement for
eligible employees enrolled in approved programs, reports Glassdoor.
Under the NES, community service leave taken to engage in a voluntary management activity is unpaid
while eligible employees attending jury duty may be entitled to make - up pay.
Erroneous TNC can occur when
potential eligible employees do not update their naturalization status with SSA or do not inform SSA of changes in name.
The truck rental and supply chain management company announced announced it would award all non-incentive
bonus eligible employees one time cash bonuses, totaling $ 23 million.
Represents share - based compensation expense associated with equity awards for the periods indicated; also includes the portion of annual non-cash incentive compensation expense that
eligible employees elected to receive or are expected to elect to receive as common equity in lieu of their 2017 and 2018 cash bonus, respectively.
As an employer, the Office of Human Resources Management offers
eligible employees excellent salary and benefits packages, training and development opportunities, childcare and transit subsidies, and flexible work options.
Note that some 403 (b) plans may
permit eligible employees who have 15 or more years of service to contribute up to an additional $ 3,000 per year, up to a lifetime maximum of $ 15,000.
But for the state level alone, the state comptroller's office has estimated that roughly 140 of 276
eligible employees hired through March 31 of this year had opted into the plan — equating to a take - up rate of just over 50 percent.
The FMLA requires employers with 50 or more employees to
grant eligible employees up to a total of 12 workweeks of unpaid leave during a 12 - month period for medical reasons.
One district awarded performance pay to
eligible employees if freshman students» algebra test scores increased by at least 10 percent between a pre - and post-test.
According to a July 2017 report issued by The Pensions Regulator, the proportion of
eligible employees saving into a workplace pension plan rose from 55 percent to 78 percent from 2012 to 2016, and participants» savings totaled 87.1 billion pounds (US$ 122.7 billion) in 2016.
Beginning in July 2016, CPA will
supplement eligible employees» regular student loan payments with a monthly contribution toward principal through Gradifi's Student Loan Paydown Plan (SLP Plan).
The Family and Medical Leave Act (FMLA) passed in 1996
entitles eligible employees of covered employers to take unpaid, job - protected leave for specified family and medical reasons for up to 12 weeks.
The Family and Medical Leave Act makes
sure eligible employees can request a Leave of Absence for certain situations.