impactjilo.blogg.se - Paperless payroll yonkers

#Paperless payroll yonkers plus#
#Paperless payroll yonkers free#

Paperless payroll will also save you an equally precious commodity: time.

#Paperless payroll yonkers plus#

Another huge plus of using paperless payroll is that your selected service will process and retain all data involved, meaning you won’t have to spend countless hours going through heaps of employee earnings and benefits plans. Instead, your payroll service will cross-reference its collected data with existing employee records and fill in the appropriate tax forms, allowing you to review them from any location.įinally, a paperless payroll system will cut out the middleman (e.g., transportation) in many circumstances, thereby furthering your savings.

#Paperless payroll yonkers free#

This will free up a large portion of your budget for things like better employee accommodations, which may help seal the deal with some of your more reluctant employees. The employee side of the paperless argument is more singular than the employer’s in that its value lies predominately in convenience. However, many employees won’t feel like they have much incentive to choose a paperless check if their record-keeping depends on printed stubs. This is the biggest reason that employers should give their employees a paper check or stub choice when establishing a paperless payroll system. Due to the pre-tax status of payment of premiums, once enrolled, changes can only be made during annual open enrollment periods.Online record-keeping – Rather than needing to keep their own records, employees will be able to view their payment history with a few clicks.Decreased risk – There’s significantly less potential for lost or stolen checks if your employees’ money simply appears in their accounts on pay day.Ĭonvenience – Your employees won’t need to pick up a physical check, take it to a bank, and deposit it.Some of the biggest perks of paperless checks and paystubs include the following: When it comes to electronic payments, however, employees do have a lot to look forward to. New employees can enroll within 30 days of hire date.

This plan is voluntary and is paid by the employee through payroll deduction. Due to the pre-tax status of payment of premiums, once enrolled, changes can only be made during annual open enrollment periods.Īflac: Offers a Cancer Protection Plan with a Critical Illness Rider.

Allstate: Offers a Critical Illness Insurance plan that pays a lump sum at point of diagnosis.

You may also apply to purchase additional voluntary life insurance for yourself and your dependents through First Reliance Standard through payroll deduction. UFOA Firefighters with 20 years or more of serviceįirefighters with less than 20 years of service The amount of City-paid coverage varies based on bargaining unit as indicated below: Employee Group

City-paid Life and AD&D: The City of Yonkers provides Life Insurance and Accidental Death and Dismemberment (AD&D) insurance.

Life Insurance (offered by First Reliance Standard Life) Regulations allow for an annual $500 carryover for 60 days after the end of the calendar year.

Annual maximum contributions for the plans are $2,500/year and $5,000/year, for the health and dependent care accounts, respectively.

Health Care and Dependent Care FSA: These voluntary plans are designed to provide you with tax savings on certain health care and dependent care expenses.

Vision coverage is available and differs based on bargaining unit.Įmployee Assistance Program (EAP) is a Program that provides strictly confidential counseling and referral services for all City of Yonkers employees and their families.įlexible Spending Accounts (administered by The Preferred Group): The following dental plans are available, based on bargaining unit:

NYS Empire Health Insurance Plan (NYSHIP).

The following medical plans are available: The City of Yonkers currently provides medical, dental and vision coverage for you and your eligible family members. Eligibility and waiting period requirements apply. This is only a summary and, as such, is not intended to override the plan contracts, City policies, HR rules and regulations or bargaining agreements that govern these benefits. This summary is intended to help potential employees understand those benefits. Employee benefits are a significant part of your total compensation.