Employer-sponsored plans that provide pay to an employee when he/she is unable to work because of a non-work-related illness or injury are termed as _____ plans.Question 3Answera.defined benefitb.employee assistancec.defined contributiond.salary continuatione.sick leave

Which of the following employee benefit plans is defined by the following statement: “post-employment benefit plans under which an entity pays fixed contributions into a separate entity and will have no obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits relating to employee service in the current and prior periods”?

Which type of insurance pays benefits to individuals who lose their ability to work due to injury or illness?Supplementary Income insuranceImpairment Income insuranceMedicaidDisability Income insurance

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

Long-term disability plans provide income protection due to long-term illness or injury that is not work-related.Question 2Answera.FALSEb.TRUE

An employee assistance plan (EAP) is a formal employer program that provides employees with:Question 12Answera.pay for the extra number of hours worked.b.income protection for disability.c.counselling for mental health issues.d.child care services and elder care.e.vision care and dental insurance.