Under the new privatization law, employees will elect one-third of each board.
When the employee elects coverage, he is a late enrollee.
I suspect that many employees might voluntarily elect that option, were it presented to them.
In Germany, most large corporations are required to allow employees to elect a certain percentage of seats on the supervisory board.
Starting in the 2006 tax year, employees can also elect to designate contributions as a Roth 401(k) deduction.
Approximately 13,700 employees have elected to work under labor union contracts.
You must work with and train the representatives that your employees have elected so that they can fulfil their role.
But not all employees are electing to shoulder such costs willingly.
For example, there is a dollar limit on the amount an employee may elect to defer each year.
Under the thrift plan, employees may elect to contribute any dollar amount of percentage (1-100) of their basic pay.