Economy-Driven Furloughs May Impact Pension, Health Care, and Fringe Benefits
Copyright 2009 Institute of Management & AdministrationAll Rights Reserved Managing Benefits Plans
September 2009
HUMAN RESOURCES Vol. 2009 No. 9
Economy-Driven Furloughs May Impact Pension, Health Care, and Fringe Benefits. To deal with the economic downturn without laying off workers, some employers have instituted voluntary and involuntary unpaid leave programs. However, reduced hours or unpaid leave can have an unexpected negative effect on employee benefits, including worker eligibility for pension plans, employer matching contributions to 401(k) plans, and health care coverage. More http://tinyurl.com/hrcom-benefits89
