The section on cafeteria plans discusses many of these programs, as well as the tax and legal issues involved in providing these plans. Pension and profit sharing plans are probably the most popular retirement plans, and are often encountered as part of a union's collective bargaining package. Employee Stock Ownership Plans Companies that issue stock may set aside stock for employees instead of cash. Reimbursement Programs Employers may offer a variety of expense reimbursement programs. One popular expense that is often reimbursed is the moving expense.
Many employers reimburse employees who are required to relocate in the course of their employment.
Some employers also reimburse newly-hired employees for the costs of relocation, depending on their job level and the arrangements negotiated between the company and employee. Even if the employer does not reimburse the employee for expenses incurred in such a move, the employee may be allowed a moving expense deduction for tax purposes. Termination, Death or Retirement One of the foremost concerns, especially among older workers, is providing income continuation and medical coverage for themselves and their families after they retire or die. Depending on the particular benefit plan, there is an array of documentation that may be required to be supplied to active plan participants, former employees, beneficiaries, and various government agencies. All rights reserved.