Exam 13: Managing Employee Benefits

In a/an ____ plan the employer makes an annual payment of a predetermined amount into an employee's pension account.The retiree's payout will vary depending on the investment returns of the pension account.

Some states require employers to provide paid FMLA leave,rather than unpaid leave.

Since most benefits are not treated as income,employees get more dollar value from benefits they receive from their employer,than if the employer gave them an equivalent salary increase.

____ is the generic term for programs providing employees with assistance in caring for aged relatives.

A key legal factor in early retirement plans is that they

Which of the following statements is TRUE?

Which of the following benefits are NOT mandated by federal legislation?

For the typical employer,the largest proportion of the benefits dollar is spent on

"Cost sharing" benefits plans

Wanda has medical insurance through her employer.Whenever she visits the physical therapist for a knee injury,she is charged $25.Her employer's insurance covers the rest of the $150 fee.This is an example of

For employers,the cost advantages of defined-contribution health plans include all of the following EXCEPT

Long-term disability insurance

The most constructive way to view benefits is

Which of the following statements is TRUE regarding a 1986 amendment to the Age Discrimination in Employment Act (ADEA).

Megatherium Industries is experiencing a long-term slowdown in sales.Consequently,it needs to permanently lay off a number of its manufacturing hourly employees and also many operations managers.In order to buffer the impact of the layoff on these workers,Megatherium will voluntarily offer a security benefit known as ____ to its departing employees.

George has four children,all with poor vision and crooked teeth.George himself has high blood pressure and an over-active thyroid and takes many prescription medications.In addition,George's wife injured her spine in a sports accident and will require several operations.Consequently,George is looking for a job with an employer with generous benefits.It will be MOST DIFFICULT for George to find an employer with benefits to cover

How are Social Security benefits funded?

Claudia has become vested in her pension plan.This means that

A ____ is a managed care approach that provides health services to an organization's employees for a fixed period on a prepaid basis.

If the employee's company offers legal insurance,it would allow the employee to have access to such services as drawing up a will.