Supplementary unemployment benefit plans and work-sharing programs are mandatory benefits.Question 11Answera.TRUEb.FALSE

Employment Insurance is a government-mandated employment-related benefit.Question 9Answera.FALSEb.TRUE

The Manpower Development and Training Act of 1962 provided for unemployment benefits for unemployed workers.True false question.TrueFalse

Employee benefits do not include:A.paid time off for illness.B.retirement plans.C.mandatory tuition assistance.D.health insurance.SUBMITarrow_backPREVIOUS

Question 12Under defined benefit plan:Answer :The employees’ benefits are unknown.    Actuarial valuation is unnecessary in accounting for the plan.  The plan asset and retirement benefit obligation belong to the employer.    The employer is not legally bound by the ultimate amount to be payable to the retiring employees.

Question 15Termination benefits are benefits that an employee is entitled toWhen the employer terminates his employment before the normal retirement dateWhen the employer terminates his employment after the normal retirement dateWhen the benefit is given to encourage the employee to leave the company voluntarilyAnswer :i, ii   i, iii   ii, iii  i, ii, iii