Victory State Bank Advises Business Owners to Educate Themselves About Employee Benefits

STATEN ISLAND, N.Y. -- Employee benefits play an important role in all our lives. This is why Victory State Bank wants business owners to make the right choices.

 The benefits you offer can be a deciding factor for a potential employee’s decision to work at your business.

The U.S. Small Business Administration summarizes benefits as follows:

There are two types of employee benefits: (1) those the employer must provide by law; and (2) those the employer offers as an option to compensate employees. Examples of required benefits include social security and workers' compensation, while optional benefits include health care insurance coverage and retirement benefits. Both required and optional benefits have legal and tax implications for the employer.

For additional information about employee benefits, log onto: http://www.sba.gov/content/providing-employee-benefits

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com . 

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