Monday, April 20, 2009

Employment Packages

cafeteria plan-a fringe-benefit plan under which employees may choose from among different benefits those that best fit their needs, up to a certain amount.

http://dictionary.reference.com/


cafeteria plan- benefits that best fit an employers needs

individual retirement account (IRA)-a savings plan that offers tax advantages to an individual depositor to set aside money for retirement.

http://dictionary.reference.com/

individual retirement account (IRA)- a plan that helps a depositor save money for retirement

tax-sheltered annuity- a type of annuity that allows an employee to make contributions from his or her income into a retirement plan

http://www.investopedia.com/terms/t/taxshelteredannuity.asp


tax-sheltered annuity- to put money to the side from your income into a retirement plan


retirement fund- a monthly payment made to someone who is retired from work

http://dictionary.reference.com/


retirement fund- a retired individuals monthly payment

commission- Mutually agreed upon, or fixed by custom or law, fee accruing to an agent, broker, or salesperson for facilitating, initiating, and/or executing a commercial transaction
.


http://www.businessdictionary.com/definition/commission.html

commission- to get paid a percent of what you sale

benefits- a payment or gift, as one made to help someone or given by a benefit society, insurance company, or public agency

http://dictionary.reference.com/


benefits- a payment made to help you

transportation assistance- providing transportaion to minimum wage employees


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