hr 4

In 2019, the Pension Benefit Guaranty Corporation (PBGC) paid more than ________ in benefits owed to retirees and the surviving beneficiaries because their pension plans could not.

• $1 million

• $35 million

• $2 billion

• $6 billion

In regard to pensions, employees who have not worked at a company long enough to be ________ are not entitled to any benefits.

The type of private pension plan in which an employer promises to pay a retiree a stated pension is a ________.

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

________ is not legally required, and, because of unemployment compensation, many firms do not offer it.

When employers continue the same group health insurance coverage offered to younger employees to employees over the age of 70, it is an example of ________.

What are the methods to express costing benefits?

• annual cost of benefits for all employees

• cost per employee per year

• percentage of payroll and cost per hour

• All of these choices are correct.