A) It pays the full amount of a disabled employee's salary for a minimum period of one year.
B) It pays the double the full salary of a disabled employee for a period of two months.
C) Only employees who have been with an organization for less than two years are eligible for short-term disability insurance.
D) It pays a portion of a disabled employee's salary as benefits for up to six months.
E) It is only provided to those individuals who work part time.
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A) Old Thyme must give the employees the option to sell their stock in the company.
B) The employees will receive payouts from their 401(k) plans.
C) The employees will receive a share of profits as part of the company's ESOP.
D) Because the plan was underfunded,the retirees will no longer receive benefits.
E) The Pension Benefit Guarantee Corporation will provide them with a basic benefit.
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A) Employees do not have to select their individual plans.
B) Employees can get a better understanding of the value of benefits provided.
C) These types of plans have lower administrative costs.
D) Since employees will select the benefits that they need the most,it reduces the overall costs.
E) When companies provide cafeteria-style plans,they do not have to pay unemployment insurance tax.
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A) It provides payments to offset lost income during voluntary unemployment.
B) Most funding for unemployment insurance is provided by employees.
C) Unfavorable experience ratings of employers lead to higher premiums.
D) Costs for unemployment insurance are standard across the country.
E) It is a voluntary program based on number of employers in a specific state.
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A) the Consolidated Omnibus Budget Reconciliation Act (COBRA)
B) the Age Discrimination in Employment Act (ADEA)
C) the American Disabilities Act (ADA)
D) the Fair Labor Standards Act (FLSA)
E) the Employee Retirement Income Security Act (ERISA)
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A) 75
B) 30
C) 50
D) 15
E) 20
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A) consumer-driven pension plan
B) money purchase plan
C) cost-sharing plan
D) flexible spending account plan
E) unfunded PBGC plan
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A) Employers must fund benefits on a pay-as-you-go basis.
B) Benefits must not appear as future cost obligations.
C) Employers should encourage employees to participate in management functions.
D) Financial statements should be made in such a way that outsiders cannot understand them.
E) Employers must set aside the funds they expect to need for benefits to be paid after retirement.
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A) tuition reimbursement programs
B) paid vacations
C) pension plans
D) quarterly promotions
E) medical insurance plans
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As employers have recognized the signifi...View Answer
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A) opt for communication methods that do not stress the value of each benefit
B) avoid standardized plans available for employers opting for cafeteria-style benefits
C) use software packages to design the plan
D) discourage employees from choosing lower-cost options
E) encourage employees to choose benefits they need the most
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A) 529 savings plan
B) 401k savings plan
C) 207 college tuition plan
D) U.S.saving bonds plan
E) TD Ameritrade college tuition plan
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A) accept the high cost and look for other areas in which to reduce spending
B) replace the workers' compensation insurance with disability insurance
C) shop for a better deal on workers' compensation insurance
D) cancel the workers' compensation insurance
E) improve safety to lower the company's experience rating
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A) a basic hierarchy
B) limits
C) costs
D) goals
E) objectives
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A) Employees expect to receive benefits that are legally required and widely available.
B) Software is the only method employees will accept to help them choose their benefits.
C) The costs of turnover at Isaiah's company are high.
D) The employees only value medical insurance.
E) Employees have very different opinions about what they value.
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A) all the employees are under the age of 30
B) the nature of work demands college graduates
C) the firm employs experienced,older people
D) the firm employs young and creative minds
E) the firm mainly employs freelancers
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A) Nondiscrimination rules provide tax benefits to plans that do not favor the organization's highly compensated employees.
B) The ADEA provides more favorable tax treatment of benefits when they are offered to a broad range of employees.
C) A top-heavy plan requires faster vesting for non-key employees.
D) Extending pension plans to employees at all levels will triple the costs.
E) Pension plans are determined exclusively by state and federal laws.
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A) when they have worked only for a few days
B) when they are out of work because they are sick
C) when they are discharged because of willful misconduct
D) when they are actively seeking work
E) when they are out of work because of a labor dispute
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