Why would the government not tax us for the Employee Benefits we receive? As a p

Question

1. Why would the government not tax us for the Employee Benefits we receive?
2. As a percent of payroll, how much does employer pay for Employee Benefits?
3. Explain the deference between a defined retirement plan and a contributory plan. Will you participate in either or both of these plans with your employer? Explain.
4. What kind of health care plan would you participate in? How much is your monthly premium? How much does your employer pay monthly?
5. Do you agree that employees take Employee Benefits for granted? Explain your opinions. If you don

Explanation / Answer

Federal employees enjoy a wide variety of benefits options, and the federal Judiciary offers employees even more. Benefits give us the chance to help employees maintain and enhance quality of life. The Administrative Office has a benefits officer available to answer questions about benefits options.

Salary

The Administrative Office Compensation System recognizes the value of employees in supporting our mission of service to the federal Judiciary by providing

Our compensation system is a structured pay banding system. The salary structure is generally adjusted on an annual basis in response to changes in the Employment Cost Index and local job market conditions. Employees are eligible for annual and performance-based pay adjustments.

Employees are paid on a biweekly basis (26 pay periods a year). Pay day is every other Friday. Salary payments are sent directly to a bank or other financial institution for deposit in a checking and/or savings account. Deductions from salary are taken for federal taxes, state taxes, local taxes (in some areas), and for retirement and/or Social Security and Medicare. Other deductions might include things such as health benefits or life insurance premiums, the Thrift Savings Plan, Savings Bonds, charitable donations, or personal allotments.

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