Exam 3: Regulating Employee Benefits

Which of the following is a mandatory collective bargaining subject? (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935)

Defined contribution plans are eligible to participate in PBGC. (Title IV: Plan Termination Insurance)

Employees of the federal government are not protected by FLSA regulations. (The Fair Labor Standards Act of 1938)

The Equal Employment Opportunity Commission enforces the ADEA. (The Age Discrimination in Employment Act of 1967 (ADEA))

The Portal-to-Portal act of 1974 defines work hours. (The Fair Labor Standards Act of 1938)

A partner in a partnership is considered an officer of a company,by the US Treasury Department,because of his voting rights. (The Internal Revenue Code)

Title I on ERISA requires employers to report detailed financial and actuarial data about their benefits plan to the US Department of Labor. (Title I: Protection of Employee Rights)

Which of the following act terminates the process of the federal government giving subsidies to private banks that offer federally insured loans? (Patient Protection and Affordable Care Act of 2010)

This Title of ERISA has the IRC provisions pertaining to the taxation of employee benefits and pension plans. (Title II: Amendments to the Internal Revenue Code Relating to Retirement Plans)

Diversifying a pension plan's investments to minimize the risk of large losses is considered a fiduciary responsibility. (Title I: Protection of Employee Rights)

Which ERISA Title contains terms for pension insurance programs and includes the establishment of the Pension Benefit Guarantee Corporation? (Title IV: Plan Termination Insurance)

FLSA applies to all types of employees across all industries. (The Fair Labor Standards Act of 1938)

The NLRA applies to agricultural and domestic workers. (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935)

The Pension Protection Act does not provide any advantages for the Pension Benefit Guarantee Corporation. (The Pension Protection Act of 2006)

The NLRA applies to private sector companies,except for companies whose main business is passenger or freight rail or air carrier. (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935)

A person with this title manages employee benefits plans and pension plan funds to ensure the welfare of participants and beneficiaries while defraying reasonable plan expenses. (Title I: Protection of Employee Rights)

Under the Americans with Disabilities Act of 1990,an employer cannot refuse to hire a person with a disability. (The Americans with Disabilities Act of 1990)

Companies can follow which schedules to grant full vesting for their employees? (Title I: Protection of Employee Rights)

The Civil Rights Act of 1991 was enacted,in part,due to overturn several Supreme Court rulings that limited employee rights. (The Civil Rights Act of 1991)

According to FLSA guidelines,employees are entitled to pay at a rate of one-and-one-half times their regular pay,when they work over 8 hours in a work day. (The Fair Labor Standards Act of 1938)