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

The benefits which are payable after the formal retirement of an employee are termed as:*1 pointShort-term employee benefitsTermination benefitsPost-employment benefitsOther long term employee benefits

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

The benefits, other than termination benefits, which are payable within twelve months period from the end of the year in which the employee has provided the services are termed as:*1 pointShort-term employee benefitsTermination benefitsPost-employment benefitsOther long-term employee benefi

Question 9The following employee benefits fall under MFRS 119 except forAnswer :Short term employee benefits  Post employement benefits   Equity compensation benefits  Termination benefit

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