FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 12: Indirect Compensation: Employee Benefit Plans

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 31

Multiple Choice

Review LaterAdd Note

Review Later

The type of pension plan that offers all employees the same,steady annual credit toward an eventual pension is a(n) :

A) equity-purchase plan.
B) cash-balance plan.
C) defined benefit plan.
D) profit sharing plan.

Correct Answer

verified

Show Answer

Question 32

True/False

Review LaterAdd Note

Review Later

Companies on average pay approximately 40 of payroll on overall employee benefits and 20 percent on voluntary benefits.

Correct Answer

verified

Show Answer

Question 33

True/False

Review LaterAdd Note

Disability insurance provides a supplemental one-time payment when death is accidental,or when employees are disabled.

To ensure covered workers will receive their accrued benefits even if they get fired,ERISA created the Pension Benefit Guaranty Corporation.

Which act extended the 1.45% Medicare payroll tax to all wages and self-employment income?

Which act covers private-sector employees over age 21 enrolled in noncontributory (100% employer-paid) retirement plans who have one year's service?

The 2010 plan intended to reform the U.S.healthcare system is called the:

Which of the following is not an approach widely used to express the cost of employee benefits and services?

In this type of managed care health insurance plan,in-network care comes from a specified group of physicians and hospitals,patients can pay extra to get care from outside the network,and there generally is no gatekeeper.

In its 2011 benefits survey,the Society for Human Resource Management found that across organizations of all sizes in a variety of industries,the average percentage of salary reflecting the cost of mandatory benefits was:

In 2010 PBGC paid about _____ in benefits owed to retirees and the surviving beneficiaries because their pension plans could not.

The methods for costing benefits include:

Which law offers full coverage for retirees,dependent survivors,and disabled persons insured by 40 quarters of payroll taxes on their past earnings or earnings of heads of households?

The law requiring companies with at least 20 employees to make medical coverage available at group insurance rates for up to 18 months after an employee leaves the job is:

Generally,employees of nonagricultural,private-sector firms are entitled to benefits for work-related accidents and illnesses leading to temporary or permanent disabilities under:

In determining the competitiveness of benefits,senior management tends to focus mainly on value,while employees are more interested in cost.

Achieving cost competitiveness assures that employees will perceive the benefits program as valuable to them.

Companies with more than 500 employees spend more on voluntary benefits than smaller companies.

When it comes to health care technology,the United States relies far less on it than do other advanced nations.

To help control unscheduled absences,29 percent of firms are turning to short-term disability plans that combine sick leave,vacation,and personal days into one plan.