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Terms in this set (60)C. Social Security is formally known as the _____. A. paid leave program B. The Family and Medical Leave Act of 1993 requires employers to provide: A. up to 8 weeks of unpaid leave after childbirth or adoption. A. To encourage learning and attract the kinds of employees who wish to develop their knowledge and skills, many organizations offer: A. tuition reimbursement programs. E. The guarantee that when employees become participants in a pension plan and work a specified number of years, they will receive a pension at retirement age, regardless of whether they remained with the employer is referred to as _____. A. special drawing rights D. Which one of the following is true of health maintenance organizations? A. It's costs tend to be more than the cost for traditional health insurance. C. Which one of the following is an objective of the unemployment insurance program? A. To improve the productivity and skill set of workers D. Workers are eligible for unemployment benefits if they: A.
voluntarily quit a job. A. Which of the following is true of the Employee Retirement Income Security Act of 1974? A. The act established certain rights related to vesting. D. How do cafeteria-style plans increase costs for employers? A. Employers pay much higher premium on HMO than a preferred health care plan. B. A popular defined-contribution plan whereby employees contribute pretax dollars which are then matched by the employer is known as: A. money purchase plans. A. Which of the following is true of the Pension Benefit Guarantee Corporation? A. It was created by the Employee Retirement Income Security Act (ERISA) of 1974. A. Which of the following organizations strictly limits the definition of "independent contractors," so that employers cannot avoid legal obligations by classifying workers as self-employed when the organization receives the benefits of a permanent employee? A. The Internal Revenue Service E. The cost of a worker's compensation insurance depends on: A. the profit earned by the organization during the concerned fiscal. C. Which of the following criteria is an organization required to meet while offering early retirement incentives? A. Set an age at which retirement
benefits stop growing D. Which type of retirement plan guarantees a specified level of retirement income? A. 401(k) plan D. Which of the following benefits is required by law in the United States? A. Sick leave B. Which of the following is true of defined-contribution plans? A. Defined-contribution plans are required by ERISA. A. Which of the following sources do most retirees (65 and older) receive most of their income? A. Social Security D. Which of the following benefits required by law provides coverage according to state requirements? A. Paid leave D. Elder care benefits typically give emphasis to: A. providing a direct financial assistance.
B. The unemployment insurance program is financed largely through federal and state taxes on: A. both employees and employers. C. Which one of the following employer-provided benefits is required by law in the U.S.? A. Floating holidays E. The _____ is a report that describes a pension plan's funding, eligibility requirements, risks, and other details. A. mission statement
A. Under the Older Workers Benefit Protection Act of 1990, employers wishing to use early-retirement waivers must adhere to which of the following guidelines? A. Inform employees that they may consult with a lawyer before signing B. Which of the following is true of a cash balance plan? A. All contributions to the plan come from the employee. A. Which of the following options can be legally adopted by organizations looking to restructure the workforce to minimize the expense of benefits? A. Use more independent contractors rather than hire additional employees. A. A _____ pension plan allows pension benefits for key employees, such as highly paid managers, to exceed a government-specified share of total pension benefits. A. top-heavy E. The funds required by an organization to pay retirement benefits are reported as _____ in the financial statement. A. current assets A. The purpose of floating holidays is to allow employees to: A. extend a Tuesday or Thursday holiday into a long weekend.
B. Which of the following is true of the Employee Retirement Income Security Act (ERISA) of 1974? A. It was introduced as a bill by the Pension Benefit Guarantee Corporation. E. Which of the following was created by the Employee Retirement Income Security Act (ERISA) of 1974? A. Employee Benefit Security Administration D. Which of the following is true of flexible spending accounts? A. They may be used to cover only employees' and not dependents' health-care expenses. B. Benefit plans that permit employees to choose the types and amounts of benefits they want from a set of alternatives are called: A. preferred provider plans. E. Which of the following is true of an employee's domestic partner under the health insurance benefits? A. They are not considered as dependents of the employee.
B. Which one of the following statements is true of employee benefits? A. Employees generally have a thorough understanding of what benefits they have and what the market value of these benefits is. A. Which of the following is true of the cost of benefits? A. Data about costs help employers to select the kinds of benefits to offer. C. Which of the following is true of benefits? A. They allow employees to buy their own insurance. C. The employer's _____ refers to the number of employees the company laid off in the past and the cost of providing them with unemployment benefits. A. attrition A. Which of the following is a difference between PPOs and HMOs? A. PPOs provide benefits at a reduced fee rather than on a prepaid basis as in HMOs. A. For an organization with _____, switching from a defined-benefit plan can produce great savings in pension benefits. A. many experienced employees E Which of the following actions help organizations reduce the cost of health care benefits offered to employees? A. By increasing the amount employers pay for deductibles and coinsurance B. Which one of the following is true of Social Security benefits? A. Benefits are taxed as ordinary income at both the federal and state level. B. In which of the following areas are unemployment insurance benefits and workers' compensation benefits similar? A. Both these programs are funded by the federal taxes on employees. A. Defined-benefit plans must meet the funding requirements of the _____. A. Employee Retirement Income Security Act D. The _____ is a federal law that requires employers to permit employees or their dependents to extend their health insurance coverage at group rates for up to 36 months following a qualifying event, such as a layoff, reduction in hours, or the employee's death. A. Family and Medical Leave Act (FMLA)
B. Which legal benefit requires employers to pay payroll tax depending on state requirements? A. Long-term disability insurance E. Which of the following is true of 529 savings plans? A. They are mandated by the federal government. E. Which one of the following is true of defined-contribution plans? A. They shift the investment risk to the employer. C. Which of the following is a typical factor used to determine retirement benefit levels under a defined benefit retirement plan? A. The state where the person was employed during the retirement year D. Active employee wellness programs: A. rely on employees to identify and obtain the services they need. E. Which of the following is a requirement set for employers under the FASB standards? A. Employers must fund benefits on a pay-as-you-go basis. A. To take unpaid family leave under the Family and Medical Leave Act, employees must meet which of the following criteria? A.
Should be working for an employer with 50 or more employees within a 75-mile radius A. The Mental Health Parity and Addiction Equity Act of 2008 exempts which of the following companies? A. Companies with less than 50 employees B. Which one of the following is an example of a defined-contribution pension plan? A. Consumer-driven pension plan A. Which one of the following is an advantage of a qualified plan in retirement benefits? A. An immediate tax deduction for the funds employees contribute to the plan E. Which of the following federal laws increased the responsibility of pension plan trustees to protect retirees? A. The COBRA E. Which one of the following is true of workers' compensation? A. Employees are covered under the "no-fault" provision even if the injury is self-inflicted.
A. Under the Americans with Disabilities Act, which of the following employers is most likely to face legal challenges? A. An employer who switches to a risk-based policy after hiring a disabled employee. C. In general, Social Security provides support for _____. A. laid-off workers E. Employers that offer medical insurance must meet the requirements of the _____. A. Employee Retirement Income Security Act of 1974 Sets with similar termsHRM Ch 1365 terms alyx_falis HR Chapter 14 Quiz Questions69 terms kateemorgan GBA 2100 terms Kwallacej Sets found in the same folderHR Management Ch. 12 Quiz60 terms Christyy_x33 HR - Chapter 833 terms Vault_Boy Chapter 14 L.S50 terms Jorge_Zamora6 MGMT ch 1333 terms MadisonhellwigPLUS Other sets by this creatorACCT 422 Chapter 343 terms Christyy_x33 Org Strat Ch 7-1260 terms Christyy_x33 ch 95 terms Christyy_x33 Ch 14 terms HRM49 terms Christyy_x33 Recommended textbook solutions
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