Exam 3: Regulating Employee Benefits

Employer-provided health insurance is considered a permissible collective bargaining subject. (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935)

HIPPA reduced the exclusion from health insurance coverage,due to preexisting conditions,for up to 12 months. (The Health Insurance Portability and Accountability Act of 1996)

Employers can deduct the cost of the benefits they offer employees,from their annual income,as a business expense,if the cost is considered an ordinary and necessary expense. (The Internal Revenue Code)

According to the WARN Act,employers must give employees at least 30 days advance notice of a plant closing or mass layoff. (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935)

Under NLRA,subjects for collective bargaining fall into one of which three categories? (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935)

Which of following is NOT a government agency that shares responsibility for the administration of ERISA provisions? (Title I: Protection of Employee Rights)

Qualified benefit plans are given favorable tax treatment,because they meet certain ERISA guidelines. (The Employee Retirement Income Security Act of 1974)

The federal government funds the Social Security Old-Age,Survivor and Disability Insurance Program using which tax? (The Internal Revenue Code)

Business necessity is not a legally admissible defense against charges of employment discrimination. (The Civil Right Act of 1991)

FICA and FUTA are the main taxes that apply to employee benefits. (The Internal Revenue Code)

The term hours worked is defined in which law? (The Fair Labor Standards Act of 1938)

ERISA regulates paid time off programs. (The Employee Retirement Income Security Act of 1974)

Discuss the role of labor unions with regard to employee benefits. (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935)

Give a brief overview of the main provisions of HIPAA. (The Health Insurance Portability and Accountability Act of 1996)

The Lorance v.AT&T Technologies decision is an important example of the Civil Rights Act of 1991. (The Civil Right Act of 1991)

The Equal Pay Act is an amendment to ERISA and is designed to insure that women and men receive equal pay for equal work. (The Equal Pay Act of 1963)

According to OWBPA,employers are not required to offer older workers benefits equal to younger workers if it costs them too much. (The Age Discrimination in Employment Act of 1967 (ADEA))

The Equal Employment Opportunity Commission enforces FLSA. (The Fair Labor Standards Act of 1938)

This federal law was established to regulate the establishment and implementation of discretionary benefits practices. (The Employee Retirement Income Security Act of 1974)

The Pension Protection Act of 2006 permits an employer to automatically enroll employees in its defined contribution retirement plan. (The Employee Retirement Income Security Act of 1974)