Exam 13: Benefits and Services

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Approximately what percentage of Americans is covered by job-based health insurance?

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The Newborn Mother's Protection Act .

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Under ERISA, participants in pension plans must have a non -forfeitable right to 100% of their accrued benefits after .

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are groups of health care providers that contract with employers, insurance companies, or third-party payers to provide medical care services at a reduced fee.

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Women affected by pregnancy and childbirth are eligible for the same benefits as disabled employees.

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Federal law requires private sector employers to grant a minimum amount of paid vacation leave.

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Which of the following is an example of a compressed workweek?

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A strategy designed to minimize health care costs for employers by including the cost of absenteeism in the overall cost of health care is called .

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Explain the three classifications that apply to basic pension plans.

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What policy issues must employers address when developing benefit plans? Name five issues.

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When groups of employees accept a temporary reduction in work hours in order to prevent layoffs, the employees are job sharing.

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Flextime allows employees to work at home with computers, phones, faxes, and the Internet to complete work away from the office.

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Which regulation covers pension plans and requires employers to have written plan documents that establish terms such as eligibility and participation?

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Firms are required to pay everyone who is dismissed unemployment benefits.

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Which regulation listed below provides guidelines regarding what rates of return employers should use in computing their pension plan values?

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provide services like personal legal and financial counseling, child care referrals, elder care referrals adoption assistance, mental health counseling, and life event planning.

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The requires employers to treat women affected by pregnancy, childbirth, or related medical conditions the same as any employee not able to work, with respect to all benefits, including sick leave and disability benefits, health and medical insurance.

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Explain the three types of benefits provided by Social Security.

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Pay for time not worked represents one of an employer's most costly benefits.

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The more flexible a work schedule, the greater the effectiveness of the program.

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