Final answer:
The amount of Permanent partial impairment benefits received by an injured employee is based on the severity of the injury and its impact on work capacity, as dictated by workman's compensation insurance. This is a mandatory employer contribution and is part of a wider net of employee benefits, which include disability and pension insurance.
Step-by-step explanation:
The amount of Permanent partial impairment benefits that an injured employee might receive is based on the severity and impact of the injury on the employee's ability to work. These benefits are typically part of workman's compensation insurance, which employers contribute to as a mandated by law.
Workman's compensation provides financial protection and assistance to employees who suffer job-related injuries or diseases. The benefits are calculated based on a percentage of the employee's wages and the degree of impairment, following guidelines that vary by state.
In addition to workman's compensation insurance, there are other forms of employee benefits and protections, such as disability payouts from Social Security, which require a demonstration of incapacity to work for at least twelve months, and Supplemental Security Income for those with significant disabilities or low income.
Other related employee benefit systems include employee insurance, retirement plans, employer payments to Social Security, unemployment insurance, and pension insurance.
The latter involves employer contributions to the Pension Benefit Guarantee Corporation to secure pension payments in case a company cannot meet its pension obligations due to bankruptcy.