Exam 12: Employee Benefits and Services

The _______________ rule was established as the standard for handling and investing pension plan funds.

___________ accounts provide funds from which employees pay for expenses not covered by the regular benefits package.

Employees who incur expenses as a result of job-related illnesses or accidents receive some financial protection from workers' compensation benefits.

Identify the four steps that must be followed to manage benefit plans effectively.

Why are worker's compensation costs growing faster than health care insurance costs?

______ funds are tax-deferred until the employee retires.

A(n)____ is a medical organization consisting of medical and health specialists offering both outpatient and hospital coverage for a fixed monthly fee.

_______________ initiated the first social security system,back in the 1880s.

What are the objectives of unemployment insurance?

In 1929,benefits cost the employer ____ percent of total wages and salaries

Most benefit programs began in earnest during the Vietnam War,when wages were strictly regulated.

Employees must have been employed for _______________ to be eligible for unpaid leave under the Family and Medical Leave Act.

When companies have thrift plans,about _______________ of employees participate.

To be eligible for unemployment compensation,the employee must meet all of the following requirements except:

Employees who incur expenses as a result of job-related illnesses or accidents receive a degree of financial protection from __________ benefits.

Managing a 401(k)is a time consuming and paper-intensive process.

Studies of companies offering child care assistance reveal that,after implementation,absenteeism and turnover fall while _______________ soars.

The United States has established agreements with other governments to coordinate Social Security benefits.

A(n)_______ is a health care plan based on agreements between doctors,hospitals,and other related medical service facilities with an employer or an insurance company.

As of 2010,over 500 million Americans had no health insurance.