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5 Written questions

5 Matching questions

  1. Job ranking
  2. Seniority
  3. Factor comparison method
  4. Single-rate pay
  5. Older Worker's Benefit Protection Act (OWBPA)
  1. a Job comparison method that ranks each job by each selected compensable factor and then identifies dollar values to develop a pay rate
  2. b Provides each incumbent of a job with the same rate of pay, regardless of performance or seniority; also known as flat-rate pay
  3. c Evaluation method that establishes a hierarchy of jobs from lowest to highest based on overall importance to the organization
  4. d Act that amended Age Discrimination in Employment Act to include all employee benefits; also provided terminated employees with time to consider group termination or retirement programs and consult an attorney
  5. e System that shows preference to employees with the longest service

5 Multiple choice questions

  1. System by which qualified retirement plan participants become incrementally vested over a period of years of service
  2. Act that made significant changes in employee benefit programs, especially retirement plans
  3. Type of Section 125 plan that allows employees to use pretax dollars to pay for out-of-pocket health and dependent-care expenses
  4. "In place of a parent"; term used in expansion of FMLA coverage to employees who stand in place of a parent with day-to-day responsibilities to care for and financially support a child or who have a day-to-day responsibility to care for or financially support a person who stood "in loco parentis" for them
  5. Pay increase given to all employees (or a class of employees such as office or production workers) based on local competitive market requirements; awarded regardless of employee performance

5 True/False questions

  1. 403(b) plansIdentified time period and ending point that should be identified in incentive pay plans


  2. 401(k) plansPlans that allow employees to make tax-favored pay deferrals toward retirement savings through a payroll deduction plan


  3. Red-circle ratesDescribe situations where employees' pay is above the range maximum


  4. Social SecuritySocial Security Administration program that provides retirement, disability, death, and survivor's benefits


  5. Omnibus Budget Reconciliation Act (OBRA)Act that provides employees with up to 12 weeks of unpaid leave to care for family members or because of a serious health condition of the employee


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