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The Handbook of Employee Benefits: Health and Group Benefits 7/E by Jerry Rosenbloom

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CHAPTER 18Selected Additional Benefits: Educational Assistance Programs, Group Legal Services Plans, Qualified Transportation Fringe Benefits, and Voluntary Benefits

Craig J. Davidson

EDUCATIONAL ASSISTANCE PROGRAMS (SECTION 127 PLANS)

The relationship between education and work is well known. Education has a positive effect on incomes, job potential, and workplace performance. The importance of education in today’s workplace is particularly acute given the shortage of qualified workers. Employee benefits that offer workers educational assistance are a win–win proposition. Employers gain through a more highly educated and skilled workforce, increased employee morale, possible tax deductions, and a strategic hiring and retention advantage over ...

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