Employer Contribution by Check Under Agreement and Election to Prefund Other Post-employment Benefits - California

Employer Contribution by Check Under Agreement and Election to Prefund Other Post-employment Benefits - California

Employer Contribution by Check Under Agreement and Election to Prefund Other Post-employment Benefits is a legal document that was released by the California Public Employees' Retirement System - a government authority operating within California.

FAQ

Q: What is an employer contribution by check under agreement?
A: It is an agreed-upon amount that an employer contributes by check towards certain benefits.

Q: What are post-employment benefits?
A: Post-employment benefits refer to benefits provided to employees after their employment has ended, such as retirement benefits or healthcare coverage.

Q: What is an election to prefund other post-employment benefits?
A: It is the act of choosing to set aside funds in advance to cover future post-employment benefits, ensuring the availability of funds when needed.

Q: Why would an employer choose to prefund post-employment benefits?
A: Prefunding post-employment benefits can help an employer ensure financial stability and fulfill their obligations to provide these benefits in the future.

Q: Is employer contribution by check under agreement mandatory in California?
A: No, it is not mandatory. It is a voluntary agreement between an employer and their employees.

Q: Can an employer decide not to prefund post-employment benefits?
A: Yes, an employer can choose not to prefund post-employment benefits, but it may carry financial risks and potential challenges in meeting future obligations.

Q: Are there any legal requirements for employer contributions towards post-employment benefits in California?
A: There are specific legal requirements regarding post-employment benefits in California, but the exact obligations depend on various factors such as the type of benefits and the size of the employer.

Q: Do all employers in California offer post-employment benefits?
A: No, not all employers in California are required to offer post-employment benefits. The provision of such benefits varies based on factors such as the size and nature of the employer.

Q: Can employees negotiate the amount of employer contribution for post-employment benefits?
A: Yes, employees can negotiate the amount of employer contribution for post-employment benefits, but it ultimately depends on the agreement reached between the employer and the employees.

Q: How does employer contribution by check impact employees?
A: Employer contribution by check can help employees by providing additional financial security and stability in the form of post-employment benefits.

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Form Details:

  • Released on May 1, 2019;
  • The latest edition currently provided by the California Public Employees' Retirement System;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the California Public Employees' Retirement System.

Download Employer Contribution by Check Under Agreement and Election to Prefund Other Post-employment Benefits - California

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