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CEBS GBA 1 - Assignment 1 /Complete Questions And Answers (A+)
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CEBS GBA 1 - Assignment 1 /Complete QuestionsAnd Answers (A+)
Quiz :Broad View of Employee Benefits - Answer :Any form of compensation
other than direct wages
Quiz :Narrow View of Employee Benefits - Answer :Any type of plan
sponsored or initiated, unilaterally or jointly, by employers and employees
engaged in providing benefits that result from the employment relationship
Quiz :Categories of Benefits under the Broad View - Answer :(a) Legally
required benefits.
(b) Payments for time not worked.
(c) Employer's share of medical benefits.
(d) Employer's share of retirement/savings plan payments.
(e) Miscellaneous benefits.
Quiz :Reasons Employers Establish Employee Benefit Plans - Answer :(a)
Attract and retain capable employees.
(b) Foster corporate efficiency, productivity, and employee morale.
(c) Concern for employees' welfare and social objectives.
Quiz :National Labor Relations Board and Inland Steel (1948) - Answer :The
duty to bargain in good faith over wages also includes insurance and fringes
(such as pension).
Quiz :National Labor Relations Board and W.W. Cross & Co. - Answer :Wages
include a health and accident plan.
Quiz :Taft Hartley Act (aka The Labor-Management Relations Act) -
Answer :Sets for the framework for good-faith collective bargaining over
wages, conditions, terms of employment, and employee benefits.
With the IRC, it establish the distinction between retirement and welfare
benefits.
Provides regulatory framework for retirement and welfare benefits
administration in a collective bargaining agreement.
Groundwork for jointly trusteed benefit plans.
Quiz :Three Tax Advantage of Employee Benefit Plans - Answer :(1) Employer
contributions are deductible.
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