Exam 13: Benefit Options

Which of the following benefits is a federally administered program?

Employees are required to make contributions to cash balance plans.

Explain vesting and portability.

A type of general health care plan in which health services are provided for a fixed fee at a specific site is:

Approximately _____ percent of employers who offer child care also offer elder care.

What are the areas covered as part of the no-fault insurance under workers' compensation?

Roughly _____ of all employees have access to paid life insurance.

Employers who have frequent layoffs pay higher unemployment rates than those with few layoffs.

The type of health insurance requiring covered employees to use designated doctors and facilities is __________.

Experts attribute the decline in dollar cost of workers' compensation cost after 2005 to:

Workers' compensation covers the costs of both medical expenses and rehabilitation for work-related injuries.

)Which of the following is not an example of a method to control health care costs by changing the structure of health care delivery systems?

A qualified deferred compensation plan offers tax advantages to employers.

Jim was a full-time student for four years,but could not find a job after graduating.Jim is likely eligible to collect unemployment insurance.

If a man's wife died while driving a truck for her employer,and if she was responsible for the accident,the husband is not eligible to receive compensation for the loss.

A McKinsey survey of CEOs found nearly 90 percent believe benefits are very important for attracting and retaining employees,but almost 60 percent have not examined if they help meet the organization's strategic goals.

Worker's compensation costs have been declining since 2005 due in part to employer safety programs.

The time of benefit provided by the largest percent of both large and small firms is

The majority of defined benefit plans calculate average earnings over the last _____ years of service for a prospective retiree.

An employee who changes jobs four or more times during their career will likely experience a pension approximately _____ as that of an employee whose working career is spent with one employer.