Exam 11: Employee Benefits

The "payment for time not worked" category of benefits includes all absences from work except for sick leave and personal days taken by employees.

Some states provide rights to employees that are lesser than those provided by the FMLA.

Why have 401(k)plans become so popular?

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

The amount of survivors' insurance benefits paid by Social Security:

Unemployment compensation payments to individuals vary according to:

A pension plan where contributions are made jointly by employees and employers is referred to as a:

A need for a new benefit should be established before adding it to a benefits package.

Vesting guarantees:

Most companies require their employees to take either take their vacation days by the end of the year or forfeit them.

Which of the following is NOT a method that employers commonly use to communicate benefits to employees?

Employees desiring domestic partner benefits typically must sign:

To obtain employee input regarding benefits packages,employers often use:

Describe issues that employers have to consider while providing domestic partner benefits?

The Consolidated Omnibus Budget Reconciliation Act requires all employers to provide health care coverage to employees and their spouses for 18 months following termination,death,or divorce of the employee.

Today,about _____ of households nearing retirement have 401(k)-type of accounts

Workers' compensation insurance may be provided through private or _______________ insurance.

A significant change in pension coverage has been the tremendous growth of tax-deferred:

An advantage of flexible benefit plans is that if employees make poor selections and do not use their benefits,it saves the employer money.

If an employee takes a leave of absence under the Family and Medical Leave Act,the employer must continue the employee's medical benefits for the duration of the leave.