Some 12.4 per cent of full-time employee
jobs worked by men (or 1.2 million) were paid less than the living wage.
The decision was contrary to other cases in which courts have ruled that Section 510 does not require employers to make a part-time employee who is ineligible for benefits a full-time employee
and, thereby, eligible for benefits.
Part-time workers are entitled to the same amount of holiday as full-time employees
but this is calculated on a pro-rata basis.
6056, an ALE must file Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, for each full-time employee
and the related Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, with the IRS on or before Feb.
Even if an employer does provide coverage to substantially all of its full-time employees
and their dependents, it can still be subject to a penalty if a full-time employee
receives a premium tax credit or cost-sharing reduction when purchasing health coverage in a Marketplace because the employer's coverage is not "affordable" or does not provide "minimum value." This is referred to as the "insufficient coverage penalty."
The analysis also showed that more than 70% of credit unions that took part in the survey offer some form of bonus or incentive pay to full-time employees
, and for credit unions with more than $100 million in assets, that percentage bumps to 90%.
4980H, an applicable large employer is subject to a penalty if its employer-sponsored health coverage does not provide "minimum essential coverage" or is unaffordable relative to the employee's household income and at least one full-time employee
has been certified as having enrolled in a qualified health plan with respect to which an applicable premium tax credit or cost-sharing reduction is allowed or paid with respect to the employee.
If it is determined that an employer is large and the employer does not offer coverage, or offers coverage to less than 95% of its Ml-time employees and their dependents, then an excise tax may be assessed, equal to the applicable payment amount times the number of all full-time employees
, if at least one full-time employee
is receiving a premium assistance tax credit [IRC section 4980H(a)].
To provide for a phase-in of the simplified option, employers certifying that they have made a qualifying offer to at least 95 percent of their full-time employees
(plus an offer to the employees' families) will be able to use an even simpler alternative reporting method for 2015.
An employer must either offer health insurance to its full-time employees
and dependents or potentially face an excise tax.
The method used must be consistent across each employee classification (e.g., hourly versus non-hourly), and an employer may not use a method that would substantially understate an employee's hours of service (causing the employee not to be treated as a full-time employee
) or that would understate the hours of service for a substantial number of employees (even if no particular employee's hours of service are understated substantially).
If the employer provides no coverage, the tax is equal to $2,000 per full-time employee
, after subtracting the first 30 employees.