Exam 13: Managing Employee Benefits

Which of the following statements is FALSE regarding FMLA.

ESOPs,401(k)plans,and profit-sharing plans are all examples of

Of all the benefits paid by employers,on average ____ make up the largest proportion of costs.

The main difference between health savings accounts (HSAs)and health reimbursement accounts (HRAs)is that

George,the director of HR,is writing the "Affidavit of Spousal Equivalence" that non-traditional couples will need to sign in order to receive domestic partner benefits.George will require the couples to make all the following affirmations EXCEPT

"Unisex" mortality tables are no longer legal for calculating pension payments for women,since these tables did not take into account the fact that on average women live longer than men do,

Rapid increases in the costs of health benefits are having all of the following effects EXCEPT

George and Harriet are getting a divorce after 32 years of marriage.George has been a self-employed architect and does not have a pension plan.Harriet has worked for a car manufacturing company the entire marriage,and she has a generous pension plan.Under _____________ George may have rights to Harriet's pension plan.

Although healthcare costs have increased significantly,they have risen approximately the same as inflation.

Clarence is 59 years old.His employer,Twentieth Century Motors,is offering an early retirement package for workers 58 years old and older.The early retirement package appears financially generous,but in order to receive it,Clarence will be required to sign a waiver that he will not in the future sue Twentieth Century Motors for age discrimination.Clarence's rights in this situation are protected by the

Which of the following statements is FALSE about Health Savings Accounts?

A typical abuse-control measure to keep employees from taking excessive time off around holidays is to

As the director of compensation for a multi-location retailer,Jeff is reviewing the design of his company's benefits.He must answer all of the following questions EXCEPT

Because women live longer than men do

Which of the following is NOT a COBRA qualifying event?

You are the director of benefits for a large,highly-profitable high-technology company widely respected as an employer-of choice.Organizational strategy requires that employees be world-class in their field.You are forming a committee to review the company's benefits design.The committee ought to focus on all of the following issues EXCEPT

In the U.S.,pension plans established and funded by employers are

A pension plan in which retirement benefits are based on an accumulation of annual company contributions (as a percentage of the employee's pay)plus interest credited each year is called a ____ plan.

In most developed countries,____ provide/s most health and retirement benefits for citizens.

On average,U.S.workers do not take three of the vacation days to which they are entitled.