Module 1

Question 1

W.W Cross & Co vs. National Labor Relations Board

Answer 1

A NLRB cases that ruled that ‘wages’ in good faith bargaining include health and accident plans

Question 2

This Act set the framework for good faith collective bargaining over wages, hours, working conditions, terms of employment, and benefits

Answer 2

Labor Management Relations Act

Question 3

A benefit funding option where the employer pays all the cost

Answer 3

Non Contributory Benefit Plan

Question 4

A systematic method of analysis of an employer’s benefits program that analyzes the program’s ability to meet participants’ needs, manage exposures, and fit compensation and cost parameters

Answer 4

Functional approach

Question 5

Any form of compensation other direct wages paid to employees

Answer 5

Broad View of Employee Benefits

Question 6

Disability, death, and property damage insurance can be provided to employees to prevent what?

Answer 6

Serious Loss Exposures

Question 7

Benefits that are provided to protect employees and dependents against financial loss including life insurance and disability income have this type of orientation

Answer 7

Protection Oriented Benefits

Question 8

What type of orientation do pension plan, profit sharing plans, and other savings type plans that reward employees for length of service have?

Answer 8

Accumulation Oriented Benefits

Question 9

The formula used to determine the level of retirement or disability pay an employee may receive expressed as a percentage

Answer 9

Replacement Ratio

Question 10

A benefit philosophy where the employer focuses on the needs of the participants

Answer 10

Benefits/Needs oriented approach

Question 11

A program that includes all types of employer oferred compensation, long term incentives and employee benefits

Answer 11

Total Compensation Philosophy

Question 12

A benefit funding approach where the employer and employees share the cost

Answer 12

Contributory benefit plans

Question 13

A stipulation of categories of individuals that will be covered in a benefit plan. Categories can be based on employment status and dependent status

Answer 13

Categories of persons covered by employee benefit plans

Question 14

Any form of compensation other than direct wages that results from the employment relationship that is not underwirten or paid by the government

Answer 14

Narrow View of employee benefits

Question 15

A 1948 NLRB legal case that stipulated the duty to bargain in good faith over wages; also included insurance and fringe benefits such as pensions

Answer 15

Inland Steel

Question 16

An alternative name for the Labor Management Relations Act

Answer 16

Taft Hartley Act

Question 17

A legally mandated benefit paid by the employer that is excluded in the narrow view

Answer 17

Social Security (including OASDI), Medicare, Unemployment, Workers Comp

Question 18

A benefit philosophy that ties salary or pay levels of employees to their tenure

Answer 18

Compensation/Service Oriented Philosophy

Question 19

A NLRB cases that ruled that ‘wages’ in good faith bargaining include health and accident plans

Answer 19

W.W Cross & Co vs. National Labor Relations Board

Question 20

Labor Management Relations Act

Answer 20

This Act set the framework for good faith collective bargaining over wages, hours, working conditions, terms of employment, and benefits

Question 21

Non Contributory Benefit Plan

Answer 21

A benefit funding option where the employer pays all the cost

Question 22

Functional approach

Answer 22

A systematic method of analysis of an employer’s benefits program that analyzes the program’s ability to meet participants’ needs, manage exposures, and fit compensation and cost parameters

Question 23

Broad View of Employee Benefits

Answer 23

Any form of compensation other direct wages paid to employees

Question 24

Serious Loss Exposures

Answer 24

Disability, death, and property damage insurance can be provided to employees to prevent what?

Question 25

Protection Oriented Benefits

Answer 25

Benefits that are provided to protect employees and dependents against financial loss including life insurance and disability income have this type of orientation

Question 26

Accumulation Oriented Benefits

Answer 26

What type of orientation do pension plan, profit sharing plans, and other savings type plans that reward employees for length of service have?

Question 27

Replacement Ratio

Answer 27

The formula used to determine the level of retirement or disability pay an employee may receive expressed as a percentage

Question 28

Benefits/Needs oriented approach

Answer 28

A benefit philosophy where the employer focuses on the needs of the participants

Question 29

Total Compensation Philosophy

Answer 29

A program that includes all types of employer oferred compensation, long term incentives and employee benefits

Question 30

Contributory benefit plans

Answer 30

A benefit funding approach where the employer and employees share the cost

Question 31

Categories of persons covered by employee benefit plans

Answer 31

A stipulation of categories of individuals that will be covered in a benefit plan. Categories can be based on employment status and dependent status

Question 32

Narrow View of employee benefits

Answer 32

Any form of compensation other than direct wages that results from the employment relationship that is not underwirten or paid by the government

Question 33

Inland Steel

Answer 33

A 1948 NLRB legal case that stipulated the duty to bargain in good faith over wages; also included insurance and fringe benefits such as pensions

Question 34

Taft Hartley Act

Answer 34

An alternative name for the Labor Management Relations Act

Question 35

Social Security (including OASDI), Medicare, Unemployment, Workers Comp

Answer 35

A legally mandated benefit paid by the employer that is excluded in the narrow view

Question 36

Compensation/Service Oriented Philosophy

Answer 36

A benefit philosophy that ties salary or pay levels of employees to their tenure