Exam 12: Indirect Compensation: Employee Benefit Plans

Which of the following is not an approach widely used to express the cost of employee benefits and services?

Which of the following allows companies to make medical coverage available at group rates for as long as 18 months after the employee leaves?

The average retiree gets about _____ percent of his/her retirement income from Social Security.

Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid)retirement plans who have one year's service?

The benefits of this act are based on a percentage of average weekly earnings and are available for up to 26 weeks.

Write a short note on the Consolidated Omnibus Budget Reconciliation Act of 1986.

_____ is not legally required,and,because of unemployment compensation,many firms do not offer it.

Every unemployed worker's benefits are "charged" against one or more companies; therefore the more money paid out on behalf of a firm,the higher is the unemployment insurance rate for that firm.

Under COBRA,following a worker's death or divorce,the employee's family has the right to buy group-rate health insurance for as long as three years.

Write a short note on the Pension Benefit Guaranty Corporation.

Which of the following is NOT an area of payment covered by workers' compensation?

Why do many companies offer domestic partner benefits,regardless of the employee's sexual orientation and marital status?

Companies on average pay approximately 40 of payroll on overall employee benefits and 20 percent on voluntary benefits.

States have the option to use state unemployment compensation resources to make full wage replacement available to parents who leave employment after the birth or adoption of a child.

A recent MetLife survey showed that 73 percent of employees who were highly satisfied with their benefits are also satisfied with their ________?

In this type of managed care health insurance plan,in-network care comes from a specified group of physicians and hospitals,patients can pay extra to get care from outside the network,and there generally is no gatekeeper.

This law provides that,following a worker's death or divorce,the employee's family has the right to buy group-rate health insurance for as long as three years.

Currently,_____ percent of states have workers' compensation laws.

The doctrine of _____ holds that an individual must pay taxes on benefits with monetary value when he/she receives them.

Income-maintenance laws were enacted to provide employees and their families with income security in case of death,disability,unemployment,or retirement.