Professional Documents
Culture Documents
ASSIGNMENT QUESTION
Choose any ministry, Department or Agency and discuss the following
1. Welfare programs
2. Fringe benefits
3. Salary and wages
4. Retirement benefits
GROUP MEMBERS
NAMES. REG NUMBERS
Ismail Abdulazeez. 19/131856
Nwosu Joy Chinenye. 19/134340
Lynda Uju Anochili. 19/135662
Bibian Ujuwan Francis. 19/134381
Okoye Tochukwu Kingsley. 19/133198
DECEMBER 2021
INTRODUCTION
Brief history of the Ministry
The ministry of Rural Development and Special Service was formally called
BASIRDA meaning Bauchi State Integrated Rural Development Agency. The
ministry was created during the time of the then Governor of Bauchi State, His
Excellences Governor Mu'azu I’m the year 2003.
WELFARE
FORMS OF WELFARE
NATA (Night allowance) allowance giving to staff travelling outside the state.
Medical allowance
This welfare packages and more are enjoyed buy the staff of the ministry as at
when due.
FRINGE BENEFITS
Fringe benefits are perks that employers give to their employees above and
beyond any financial compensation.
A wide range of fringe benefits and employee perks exist from one employer to
another.
The most common benefits include life, disability, and health insurance, tuition
reimbursement, and education assistance, as well as retirement benefits.
Other perks include fitness centers (or fitness center discounts), employee meals,
cafeteria plans, dependent care assistance, and retirement plan contributions.
Salary shouldn't be the only consideration when you are looking for a job since
fringe benefits can save you a lot of money in the long run.
Most employers in the private and public sectors offer a variety of benefits in
addition to their salaries. These on-the-job perks, typically referred to as fringe
benefits, are viewed as compensation by an employer but are generally not
included in an employee’s taxable income. Keep reading to learn more about these
perks as well as some of the more common fringe benefits employers offer.
One of the advantages of fringe benefits is that they are tax-exempt for the
employer, provided that the set conditions are met. On the contrary, the recipients
of fringe benefits are required to include the fair value of the benefits in their
annual taxable income.
Generally, fringe benefits are provided by the employer, even if the actual provider
is a third party. This is because the employer is the party that pays for the benefit
that is provided to the employee. Similarly, the employee is usually the recipient of
the benefit, even if its use is extended to other family members.
Types of Benefits
Fringe benefits can be categorized into two categories. Some benefits are required
by law and others are provided at the employer’s discretion.
1. Fringe benefits required by law
The mandatory fringe benefits are intended to provide employees with medical
care, mitigate them from economic hardships in the event they lose employment,
and provide them with retirement income to sustain them during retirement. The
following are some of the mandatory fringe benefits that employers are required to
provide:
Health insurance
This fringe benefit is contained in the Patient Protection and Affordable Care Act.
It requires businesses that employ more than 50 people to provide healthcare plans,
and employees are required to have health insurance coverage. The health care
plans cover visits to primary care physicians, specialist doctors, and emergency
care.
Unemployment insurance
Medical leave
Businesses that employ over 50 employees are required by law to provide family
and medical leave to an employee who has worked for over one year in the
company. The medical leave is unpaid, protected, and can last up to 12 weeks.
Worker’s compensation
The following benefits are provided at the employer’s discretion. On the side of the
employer, most of these benefits are taxable, but with certain exceptions. Examples
of these fringe benefits include:
Disability insurance
Paid holidays
Education reduction
Retirement planning services
Life insurance
Paid time off
Commuter benefits
Achievement awards
Fitness training
Employee discounts
Meal plans
Car loan
Land loan
House loan
Wages and salaries are the payment for work agreed between an employee and his
or her employer under the contract of employment in the private sector and for
contractual agents in the public service, or employment for civil servants.
It includes the basic salary (or index-linked salary in the civil service) but also
bonuses and allowances, compensation for overtime hours worked, employee
savings (mandatory or optional profit-sharing, additional matching contributions),
other indemnities and related compensations (residence allowance, family
allowance, etc.) and payments in kind.
The salary is a kind of "price". Reduced to a unit of volume of work, which can be
an hour (hourly wage) or a full-time equivalent (FTE wage), it enables jobs or
work stations of different duration and working time to be compared
In the ministry of Rural Development and Special Service, there is a card used in
processing the payment salaries of employees. This card is called PRC (PAY
RECORD CARD) and it is of two(2) colors BLUE & PINK which serves different
purposes:-
This card is used to process the payment of Junior staff under GL 06 – downward.
This card is used to process the payment of senior staff from GL 07 – Upward.
RETIREMENT BENEFITS
Retirement and pension benefits are given to a retired government official to make
sure that they have a constant income and a secured life. The pension provisions
are in place to ensure that the retired government officials are well off and can be
financially independent and can lead their retired lives with no financial
challenges. The retirement benefits mainly consist of the employees’ leave
encashment (employees are allowed to accumulate leaves and exchange them
for cash on their retirement), retirement gratuity, and the amount that they were
contributing to their provident fund account throughout their service.
All these, when put together, will result in a considerable corpus. This amount is
going to be the backbone of the employee’s retired life. Using this amount wisely
will alleviate the need to depend on others for handling financial expenses. This
will give them a sense of financial confidence.
Apart from the retirement benefits mentioned above, the retired government
officials are also qualified to pension benefits. These benefits will allow them to
lead a peaceful retired life with no hassles whatsoever in terms of finance.
The different kinds of pension available for retired government official at the end
of their employment tenure are pension on retiring, superannuation, voluntary
retirement pension, compassionate allowances, family pension, compensation
pension, and extraordinary pension.
Superannuation pension plans are in place for those retired government officers
who go on to serve until they turn 60 years old. Voluntary pension is paid out to
those government officials who wish to retire just three months after they have
completed serving for a period of 20 years.
Extraordinary pension schemes are a kind of pension plan which is paid out to
those retired government employees that are differently-abled or physically
challenged or to the families of those government employees who lost their lives in
the service of their employment with the government.
REFERENCE
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