SARP operates by providing a tax-free deduction of 30 percent of the employee's salary in excess of €75,000. Employees benefitting from SARP also may recover from their employer the cost of one return trip for their family to their home country and the payment by their employer of school...
An employee's benefits are defined, either as a fixed amount or a percentage of the beneficiary's salary at the time of retirement. Pension plans, Health and Welfare plans, and some Keogh plans are established as defined benefit plans. Defined-contribution plan An employee's benefits at reti...