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LSDefine

Simple English definitions for legal terms

welfare plan

Read a random definition: queen

A quick definition of welfare plan:

A welfare plan is a type of employee benefit plan that provides various benefits to employees and their families. These benefits can include medical care, disability coverage, life insurance, retirement savings, and more. Employers establish and maintain these plans to help attract and retain employees. Welfare plans are regulated by the Employee Retirement Income Security Act (ERISA) and can be a combination of different types of plans, such as pension plans and defined-contribution plans.

A more thorough explanation:

A welfare plan is a type of employee benefit plan that provides various benefits to employees, officers, and advisers of a company. It can include medical, surgical, or hospital care, benefits in the event of sickness, accident, disability, death, or unemployment, vacation benefits, apprenticeship or other training programs, daycare centers, scholarship funds, prepaid legal services, or holiday and severance benefits.

  • Employee Benefit Plan: A written plan that provides stock-purchase, savings, option, bonus, stock-appreciation, profit-sharing, thrift, incentive, pension, or similar benefits solely for employees, officers, and advisers of a company.
  • Defined-Benefit Plan: A retirement plan that provides systematically for the payment of definitely determinable benefits to employees over a period of years, usually for life, after retirement.
  • Defined-Contribution Plan: A retirement plan in which each participant has a separate account funded by the employee's and employer's contributions, and each participant's benefits are based solely on what has accumulated in the participant's account.

These examples illustrate how welfare plans can provide various benefits to employees, such as retirement benefits, stock options, and other incentives. They can be either defined-benefit plans or defined-contribution plans, depending on how the benefits are determined and distributed.

Welfare Clause | Welfare Reform Act

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10:11
@jackfrost11770: Heard you were Russian, DM me
JumpySubsequentDolphin
10:11
like it wasn’t painful or anything and I have no experience w piercings
BulbasaurNoLikeCardio
10:11
@jackfrost11770: depending the piercing she had and the activity they would clack. Like she had ones that would be like chains too
10:11
I have a few words to exchange in our native tongue
babycat
10:11
@renard99: you sound so sinister lmaooo
10:11
LMFAO
babycat
10:12
also I don’t think you can dm without lsd+
BulbasaurNoLikeCardio
10:12
@babycat: they make boob tape so you don't have to wear a bra while keeping them supported and perky looking? At least I think that is what boob tape does
babycat
10:12
Yeah but I’m not gonna tape my boobs everyday that seems so annoying
i'm gonna be honest idk how to dm on here LOL but i think u need lsd+ haha
BulbasaurNoLikeCardio
10:13
I am worried a nose piercing would like mess with my cardio even though everyone says no
10:13
Oh shoot hm
10:13
Do you have Discord
но здравствуй да русский мой первый язык так что :)
10:13
Ахахахах ну давай, добавь меня бро
JumpySubsequentDolphin
10:13
@BulbasaurNoLikeCardio: I’m very confused how would that interfere
10:13
Ща кину свой ник
10:13
Ща кину свой ник
BulbasaurNoLikeCardio
10:14
@babycat: then it sounds like if you get them pierced itll just be a secrete to surprise your future boo with since thy wont be poking out of your shirt
10:14
@jackfrost11770: reynard1 на Дискорде
babycat
10:14
yeah but like is that worth it for me? prob not. I think I like them the way they are
BulbasaurNoLikeCardio
10:15
@JumpySubsequentDolphin: For nose piercing I am thinking the like middle of your nose with the ring kinda thing, think itll like restrict airflow
babycat
10:15
woah you got a word for discord in russian that’s crazy
спасибо 🫡
triplethread
10:15
@BulbasaurNoLikeCardio: My nose is pierced and I run like 10 miles a week im good haha
BulbasaurNoLikeCardio
10:16
@babycat: if you are happy with them they look perfect, and if they are as big as you say I am sure people will still be looking with or without the piercing so you will get attention either way
Dkk
10:16
Closest I get to Russian is Lazy Square's cartoons. Should watch them. All very short cus he is lazy. https://www.youtube.com/watch?v=sGBkneu30Aw
JumpySubsequentDolphin
10:16
@BulbasaurNoLikeCardio: ohhh you mean septum? I think septum is even less painful than a nostril piercing
warning my discord pfp is fun lol and also i haven't changed my username since high school because i didn't feel like it 😭
10:18
LMAO yeah you have a fun pfp
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