Exam 13: Employee Benefits and Services

Employees in Ontario and the federal jurisdiction may be eligible for what kind of additional pay in certain termination situations, in addition to pay in lieu of notice?

What is the agreed upon best way to manage workers' compensation claims over the long term?

What is a formal employer program for providing employees with counseling and/or treatment programs for problems such as mental health issues, marital/family problems, legal problems, or stress called?

A type of life insurance that provides lower rates than individual insurance, and includes all employees, regardless of health or physical condition, is called

Melanie has a defined contribution pension plan. She will know the actual benefits she will get ahead of time.

One or more of parental, paternity, and adoption leaves are provided in each Canadian jurisdiction. What is the range of the leave in weeks?

Most group life insurance plans contain a provision for including all employees regardless of health or physical condition.

Identify and describe 5 different voluntary employer-sponsored benefits.

Individualized benefit plans allowed by some employers, in order to accommodate employee preferences for benefits, are known as which of the following?

The amount of time off provided for bereavement leave varies by jurisdiction and also depends on which of the following?

What amount of life insurance does group life insurance usually provide?

Why are group RRSP/DPSP combinations popular in Canada?

What is the leading cause of short- and long-term disability claims in Canada?

Eldercare is designed to help older employees who are not fully able to care for themselves.

What is the type of retirement plan that does not guarantee the eventual pension benefit an employee will receive at retirement, but only what the employee and employer contributions to the plan will be called?

A defined benefit pension plan contains a mathematical formula to determine retirement benefits.

A golden parachute is an executive perk in the form of a salary guarantee in which of the following circumstances?

The provincial and federal governments both contribute funds for workers' compensation.

A flexible benefits plan provides fixed benefits but a flexible payment structure.

What is the amount of health/dental expense an employee must pay before insurance benefits will be paid called?