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Insurance Benefits May Be Expanded
New York AP reports a trend toward adding automobile and homeowners insurance to employee benefits. Leonard Mactas of Kwasha Lipton says by 1980 some firms may offer these coverages, leveraging volume discounts and payroll tax preferences to boost loyalty and productivity. He notes tax rules favor other benefits but believes group plans could prove useful despite limited current tax treatment.
MENTIONED IN THIS ARTICLE
New York
Leonard Mactas
Mactas
Macias
Congress