| Employment - Veterans - Service Credit for Federal Government Veterans' Benefits |
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| Among the benefits veterans receive while working for the federal government are leave and retirement benefits. Veterans also receive certain preferences as a result of their status during reductions in force, and they may receive severance pay when separated from service. More... |
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| Estate Recovery |
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| When a nursing home resident who has received Medicaid benefits dies, the state's Medicaid agency may attempt to recover unpaid Medicaid nursing home expenses from the resident's estate. While there are federal laws and regulations governing recovery from a Medicaid recipient's estate, each state is allowed to establish its own recovery guidelines. More... |
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| National Family Caregiver Support Program |
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| In 2000, the United States Congress enacted the National Family Caregiver Support Program (NFCSP). Although the legislation was originally designed to benefit only caregivers of relatives over the age of 59, it was altered before enactment to also benefit relatives over the age of 59 who were caring for children. More... |
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| Physician-Assisted Suicide |
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| As terminal illnesses affect America's aging population and technology levels increase, some states have enacted legislation either permitting or disallowing physician-assisted suicide. More... |
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| Nonqualified Annuities |
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| A nonqualified annuity is purchased outside of an employer-provided retirement plan. After-tax dollars are used to fund a nonqualified annuity, so contributions are not deductible from gross income for income tax purposes. Taxes on interest or earnings in a nonqualified annuity are deferred until withdrawal. In a lump-sum distribution of a nonqualified annuity, the monies may be transferred into an IRA or similar vehicle to defer taxes additionally. Only a portion of a monthly annuity payment is taxed because each payment is partially principal that has been taxed and partially interest earned. The portion of the monthly payment that is excluded from taxes is determined by an exclusion ratio. The exclusion ratio is the total amount of premiums paid divided by the total expected payment amounts. If the expected return is based on a life expectancy or joint life expectancy, the Internal Revenue Service has tables and multipliers that are used to determine the total expected return. If the expected return is not based on a life expectancy, the total expected return is the sum of all amounts to be received. More... |
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