Employee benefit programs:

Employee benefit programs vary from employer to employer. Components of a benefit program might include:
  • Health insurance

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  • Life insurance

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  • Disability insurance

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  • Retirement programs

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Variations in benefit packages exist as significant expense is incurred by employers in providing these benefits. This is a fact often overlooked by job applicants singularly focused on a salary amount. A small agency may provide a higher salary but fewer benefits, while the large health maintenance organization may pay a lesser hourly rate but offer an excellent benefits program. 

One needs to clarify the details of any particular benefit program, as well as decide which benefits are most important to your particular circumstance. For example, health insurance may be less important to an individual covered under a spouses work policy. The availability of a retirement program may be less critical to a 20 year-old than a 35 year-old.

Check the Pension and Welfare Benefits Administration (U.S. Department of Labor) web site for additional information on retirement planning. 

 
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