What is vesting?Question 14Answera.It is the reduction of benefits by any amount paid under a spouse's plan.b.It is the exclusion of new employees from benefits coverage until some term of employment is completed.c.It is a general strategy used to control medical benefit costs by promoting preventive health programs.d.It is the employee's right to the employer-paid portion of pension benefits within a certain period of time even if he or she no longer works for the employer.e.It is the negotiation some employers have with employees about wage concessions to reduce employer contributions to selected benefits.

These are entitlements to compensated or paid absences that are carried forward and can be used in future periods and the employees are entitled to a cash payment for unused entitlement upon leaving the entity-employer.*1 pointAccumulating and VestingAccumulating and Non-vestingNon-accumulating and VestingNon-accumulating and Non-vesting

_____ refers to a specified dollar amount of claims paid by the employee each year before insurance benefits begin.Question 10Answera.Coinsuranceb.Benefit cutbackc.Wage concessiond.Deductiblee.Vesting

Established by the employer to provide benefits to one or more employees after the formal retirement are termed as:*1 pointPension fundTermination benefitsPost-employment benefitsPost-employment benefit plan

What discloses a company's promise to pay shares based on a vesting program?a.Non-Qualified Stock Options (NSOs)b.Performance Sharesc.Incentive Stock Options (ISOs)d.Restricted Stock Units (RSUs)

These entitlements to compensated or paid absences that are carried forward and can be used in future periods, but the employees are not entitled to a cash payment for unused entitlement upon leaving the entity-employer.*1 pointAccumulating and VestingAccumulating and Non-vestingNon-accumulating and VestingNon-accumulating and Non-vesting