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Even now, on average, the premiums people pay for exchange insurance are on a par with, or even a bit cheaper than, equivalent employer policies — and that's before the tax credits.
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But if the employee were given the cash equivalent of the employer's premium obligation, that would be taxed as income.
They would then receive a cash equivalent of the employer's pension contribution, for tax reasons.
Those that opt out would receive a cash equivalent of the employer's pension contribution which could be more beneficial to them for tax purposes.
"The council's legal advice is that the decision made by the senior staff committee on September 28th 2011 - to allow senior staff to receive the equivalent of the employer's pension contribution if they opt out of the Local Government Pension Scheme - is lawful.
Thus it is that a small startup like kununu – a German-based equivalent of Glassdoor, the employer reviewing service – can exit relatively easily to a larger player like XING, a LinkedIn-like company that managed to float on the German exchange some years ago.
If Barack Obama or Hillary Rodham Clinton wins, more people would get their insurance from the government — with many workers offered the equivalent of Medicare and employers facing new coverage mandates.
Thanks to a favorable ruling from the South African equivalent of our Internal Revenue Service, employer deposits to an MSA get the same tax treatment as employer payment of insurance premiums.
But the Treasury has acknowledged that employers can return equivalent rights to individuals on a selective basis through their personal contracts.
But some small business owners also feel unfairly targeted by the law, which requires employers with the equivalent of 11 or more full-time employees to offer coverage or pay a penalty of $295 per employee.
I've proposed legislation that would require most employers to contribute the equivalent of 9% of pay -- the same rate that Australian employers are required to shell out.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com