The kind of pension plan which follows a formula to determine retirement benefits is classified as?
A. defined benefit pension plan
B. defined contribution pension plan
C. defined noncontributory pension plan
D. deferred contribution pension plan
A. defined benefit pension plan
B. defined contribution pension plan
C. defined noncontributory pension plan
D. deferred contribution pension plan
A. contributory versus noncontributory
B. defined contribution versus defined benefit
C. qualified versus non-qualified
D. all of above
The types of pension plans include? Read More »
Benefits and Services, HRM McqsA. insured compensation
B. supplemental compensation
C. workers compensation
D. optional compensation
The benefits given to the victims who have work-related accidents are called? Read More »
Benefits and Services, HRM McqsA. compensation pay
B. supplemental pay
C. sick leave pay
D. severance pay
One time paid payment at the time of termination of employees is classified as? Read More »
Benefits and Services, HRM McqsA. employment benefits
B. unemployment benefits
C. insurance benefits
D. optional benefits
A. supplemental unemployment benefits
B. supplemental employment benefits
C. optional employment benefits
D. optional unemployment benefits
A. early retirement window plan
B. employee stock ownership plan
C. cash balance plan
D. severance pay plan
A. insurance benefits
B. pay for time not worked
C. retirement benefits
D. all of above
The types in which the benefits are classified are? Read More »
Benefits and Services, HRM McqsA. optional insurance
B. unemployment insurance
C. supplemental insurance
D. compensatory insurance
A. severance sharing
B. flexible sharing
C. benefit sharing
D. job sharing