Chapter 11 Employee Benefits

Surveys show that employees who are satisfied with their benefits are more likely to be satisfied with their jobs

• True

• False

Flexible benefit plans:

• are offered to employees who then must purchase each benefit they select

• are favored by employees because they reduce administration costs

• allow employees to choose benefits suited to their needs

When communicating benefit programs to employees use:

• multiple media techniques

• one uniform techniques

• correct legal language to avoid liability

Retired Persons are eligible for Medicare at the age of:

• 59

• 62

• 65

• 67

Workers' Compensation insurance may be provided through private or _____insurance.

• employee funded

• state funded

• federally funded

Benefits generally account for approximately 15% of payroll costs.

• True

• False

The Family and Medical Leave Act only applies to companies that have ___ or more employees.

• 30

• 40

• 50

• 60

Which of the following is NOT a requirement for domestic partnership coverage?

• The couple lives together

• The couple is blood related

• A minimum age requirement

• The relationship is a permanent one

Which retirement plan has a specific amount that an employee will receive upon retirement?

• Defined Contribution Plan

• Noncontributory plan

• Defined Benefit Plan

• None of the above

Payment for time not worked includes:

• Vacations with Pay

• Paid Holidays

• Sick Leave

• All of the above