Exam 13: Employee Benefits and Services

A pension provision whereby employees who change jobs can transfer the lump-sum value of the pension that they have earned to a locked-in registered retirement savings plan or to their new employer's pension plan is referred to as which of the following?

What is the government-sponsored program that provides temporary financial assistance to a person who is unable to work through no fault of his or her own?

What is critical illness insurance?

Jenelle is preparing for a maternity leave.How many weeks is she most likely to take?

Accidental death and dismemberment coverage provides annual payments in addition to life insurance benefits when employees are diagnosed with but survive a life-threatening illness.

A third party conducts a confidential survey of the health history and lifestyle choices of employees to identify common health risk factors so that problem-specific programs can be implemented This is an example of

Rybak Inc.offers its employees $1000 per year to spend on health-related expenses.This type of program is referred to as

Most group life insurance plans contain a provision for coverage of all employees regardless of health or physical condition.

Mandatory retirement is now prohibited by human rights laws across the country,employees cannot be required to retire at age 65.

According to the data presented in the textbook,which of the following is the top challenge in improving how mental health issues are addressed in the workplace?

What type of leave can employers provide for employees who want time off to rejuvenate or to pursue a personal goal?

Benefits fraud is not a legitimate concern for companies.

According to the textbook,once an employee is vested,all pension plan contributions are "locked-in" and cannot be withdrawn by the employee on termination of employment; in this case,when must employees wait until to receive a pension from the plan?

According to the textbook,what is the biggest issue facing benefits managers in Canada?

What is the term used to refer to the annual amount of health/dental expenses that an employee must pay before insurance benefits will be paid?

What is the benefit that provides a fixed lump-sum benefit in addition to life insurance benefits when death is accidental?

Some provinces require additional termination pay when mass layoffs occur.The amount of additional pay depends on which of the following?

According to the textbook,the simplest approach to reducing health-benefit costs of organizations is to increase the amount of healthcare costs paid by which of the following?

A type of life insurance that provides lower rates than individual insurance and includes all employees,regardless of health or physical condition,is called

According to the textbook,the fastest growing of all occupational disabilities are which of the following?