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Incorporating Fringe Benefits in Loss Calculations

  • James D. Rodgers
Chapter

Abstract

This chapter provides an overview of how a loss of employer-provided fringe benefits is valued. Employers offer benefits because of scale economies and tax advantages, and to attract and keep employees. The major fringes, health insurance and retirement plans are valued differently depending on the type of information available. For youngsters with no work experience, their value is based on statistics showing the average employer cost of benefits, or the average individual replacement cost of benefits. For employees, it is information on the costs incurred by the worker’s employer. The perspective in personal injury and wrongful termination cases differs from that in death cases where the focus shifts from the value the worker places on benefits to the value that dependents of the deceased worker place on them. The final section of the paper discusses court cases involving fringes.

Keywords

Fringe Benefit Pension Benefit Replacement Cost Retirement Plan Define Contribution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Author(s) 2016

Authors and Affiliations

  • James D. Rodgers
    • 1
  1. 1.Penn State UniversityBellefonteUSA

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