Module 9

Question 1

Employee Benefit Plans

Answer 1

That part of total compensation, other than pay for time worked, provided to employees in whole or in part by employer payments.

Question 2

Types of Employee Benefits

Answer 2

• Legally Required Benefits
• Retirement Plans
• Group Life and Accident Insurance
• Medical Insurance
• Income Security
• Additional Benefits

Question 3

Legally Required Benefits (Examples)

Answer 3

• Canada/Quebec Pension Plan (Pension)
• Worker’s Compensation (Income)
• Employment Insurance (Income)

Question 4

Pension Plans

Answer 4

• Defined Benefit Plans
• Defined Contribution Plans
• Combination Plans

Question 5

Defined Benefit Plans (DB)

Answer 5

Pension amount is known, employer contribution unknown, investment risk with employer, complex and expensive to administer, and requires less employee involvement.

Question 6

Defined Contribution Plans (DC)

Answer 6

Pension amount is unknown, employer contribution known, investment risk with the employee, easier and cheaper to administer, and requires more employee involvement.

Question 7

Combination Plans

Answer 7

Hybrid of DB and DC.

Question 8

Group Life Insurance (GLI)

Answer 8

Covers basic life, optional life, dependent life, and retiree life insurance.

Question 9

Accidental Death & Dismemberment (AD&D)

Answer 9

Provides lump sum in case of death by accident or injuries sustained.

Question 10

Sick Leave and Disability Plans

Answer 10

• Sick Leave
• Salary Continuation
• Long-Term Disability (LTD)

Question 11

Sick Leave

Answer 11

Provide full pay for a short period of time (2 weeks), accumulates over time.

Question 12

Salary Continuation

Answer 12

Provides full pay for a number of weeks, followed by reduced pay for additional weeks up to a limit, medical evidence often required, does not accumulate over time.

Question 13

Long-Term Disability (LTD)

Answer 13

Provides income for long-term illness that is not work-related.

Question 14

Extended Health Care (EHC) Plans

Answer 14

Usually covers employees and dependents. Covers perscription drugs, hospital accommodation above ward level, medical services and supplies, vision care and accidental dental.

Question 15

Health Care Spending Account (HCSA)

Answer 15

An account for individual employees credited with a dollar amount.

Question 16

Dental Plans:

Answer 16

Covers preventative, basic, major restorative and orthodontic dental services.

Question 17

Benefit Plan Administration

Answer 17

confirm eligibility –> employee completes benefit application process –> plan admin enrolls employee –> employee receives confirmation of enrollment

Question 18

Reasons for the Rise in Flexible Benefit Plans

Answer 18

• Flexibility
• Cost Control
• Technological Advances
• Diverse Workforce
• Competitive Pressures

Question 19

Continuum of Choice in Benefit Plans

Answer 19

(from least flexibility and complexity, to most)
- Traditional No Add-Ons
- Traditional With Add-Ons
- Modular Flex
- Core Plus Flex
- Full Flex
- Total Reward Flex

Question 20

Employee Assistance Programs (EAP)

Answer 20

Support programs assisting employees and their dependents (usually in hard times).

Question 21

EAP Covered Services

Answer 21

• Crisis Intervention
• ST Professional Counselling
• ST Work-Life Counselling
• Triage/Referral to LT Services
• Self-Help Groups

Question 22

EAP Service Delivery

Answer 22

• In-person
• By Phone
• Online
• Via Learning Materials

Question 23

Employee Relocation

Answer 23

(from least expensive to most expensive)
- Local Hires or Domestic Relocation
- Country to Country Transfers
- International Assignees

Question 24

Local Hires or Domestic Relocation

Answer 24

Employee hired by a Canadian company in Canada.

Question 25

Country to Country Transfers

Answer 25

Employee hied in the UK transfers to Canadian entity of the same employer.

Question 26

International Assignees

Answer 26

Employee hired in the US sent on assignment to Canada.

Question 27

Common Benefit Plan Communication Process

Answer 27

objectives setting –> audience analysis –> content development –> key messages and branding –> media selection –> execution –> measure success.