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Benefits and Services

Practice MCQs under Benefits and Services. 24 available Open paginated MCQ list →

Questions

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1.What type of plan allows employees to customize their benefits according to their preferences?

cafeteria benefit programsstandardized benefit schemesflexible benefit arrangementsa combination of cafeteria and flexible plansnone of the above

2.Which type of pension plan reflects an employer’s recognition of an employee’s account balance by allocating a percentage based on yearly salary plus interest?

cash balance planseverance compensation schemeearly retirement incentive programemployee stock ownership arrangement

3.Which type of pension plan involves allocating a fixed portion of profits to an employee's account, payable upon retirement or death?

deferred profit sharing plansavings and thrift programcash balance pension planearly retirement option

4.In an employees' pension scheme, the part of employees' salary contributed to the fund is categorized as which of the following?

cash balance arrangementearly retirement optionprofit-sharing plan with deferred benefitssavings and thrift programnone of the above

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