Exam 11: Employee Benefits

Generation Y employees are less likely to be concerned with having pensions than Baby Boomers.

A _____ is a plan in which employees fund accounts by having money deducted from their paychecks.

Benefits can represent more than ______ of the employer's total payroll costs.

After an employee works for an employer for a certain period of time,the employee is entitled to the money in his or her pension plan.This employee is now:

Typically,in a 401(k)savings plan,an employer matches an employee contribution at the rate of 25 to 50 cents for every worker dollar contributed.

A pension plan that establishes the basis on which an employer will contribute to a pension plan is referred to as a:

Under the Family and Medical Leave Act (FMLA),employees are eligible to take leave if they have worked for their employers for at least twelve months,have at least _____ hours of service,and work in organizations that have 50 or more employees within a 75-mile radius

Companies may match employee contributions to a 401(k)with cash or company stock.

Paid time off for hours not worked is not mandatory in the United States.

A plan that enables an employee who is laid off to draw,in addition to state unemployment compensation,weekly benefits from the employer that are paid from a fund created for this purpose is referred to as:

Employers pay for workers' compensation insurance in ___________ states.

The Consolidated Omnibus Budget Reconciliation Act requires all employers to provide health care coverage to employees and their spouses for 12 months following termination,death,or divorce of an employee.

Annual interest earned on cash-balance pension plans are often tied to a:

A standard definition of domestic partnership includes all of the following EXCEPT:

There has been a reduction in the number of single-parent families and two-earner couples in the workplace than there have been in the decades past.

Employees can sue employers who deliberately mislead them about health and welfare benefits.

Disease management programs:

Childcare,elder care,and extended leave policies are all examples of work-life benefits.

Vesting guarantees:

Some firms are penalizing employees for unhealthy habits by charging them higher health care premiums for habits such as smoking.