Question 1: What is the chief reason Social Security will be facing fiscal challenges?

-Social Security is not keeping pace with inflation

-Demographic challenges

-Lack of personal savings by Americans

-The growth in other entitlement programs

-The current debt rate of the Federal government

Question 2: According to the instructor, which is not an objective of employer provided benefit programs?

-To improve employee retention

-To improve employee attraction

-To create a sense of employee security

-To improve employee productivity

-To increase the number of part-time employees

Question 3: According to Jack Nolish and the lecture on workers compensation what is self-insurance?

-Workers compensation plans that pay benefits directly from an employer's assets

-Requirement that self-employed individuals contribute to Social Security at a higher tax rate than non-self employed individuals

-Workers compensation plans subscribed through private insurance carriers

-Workers' compensation plans subscribed through state funds

-Voluntary supplemental insurance to fill in the gaps between Medicare parts A and D

Question 4: According to Martocchio, what would be an example of a benefit belonging to the role of accommodation and enhancement benefit programs?

-401(k) Pension Plan

-Employer Provided Life Insurance Plan

-Paid Vacation

-Tuition Reimbursement

-Workers Compensation Insurance

Question 5: In most employment situations, who makes contributions to Social Security?

-Employees only

-Employers only

-The government

-A combination of the employer and employee

-A combination of the employer, employee, and the government

Question 6: What is the consequence to an employee's Social Security retirement benefits if the employee chooses to retire early?

-Retirement benefits will be unaffected

-Retirement benefits will be reduced until the employee reaches full (normal) retirement age after which the employee will receive their full retirement benefits

-Retirement benefits will be permanently reduced prior to reaching full retirement age

-Retirement benefits will be unaffected unless the employee continues to work and then benefits will be reduced by $1.00 for every $3.00 over $12,000 that the employee drawing from Social Security makes

-Retirement benefits will be reduced unless the employee pays the Social Security Administration a negotiated amount

Question 7:According to Michael Weddell of Willis Towers Watson, what does automatic enrollment in a 401(k) plan mean?

-Federal employees automatically have 3% of their pay transferred to thrift savings plans for their retirement.

-Employers automatically match any contributions an employee makes toward their defined contribution plan

-Employers must enroll newly eligible full-time employees in the employer's health care plan.

-Employees are required to participate in the employer's defined contribution plan unless the employee notifies the employer they do not want to participate in the plan.

-Employees are automatically enrolled in legally required retirement and medical programs like Social Security and Medicare Part A.

Question. 8: Which of these circumstances would permit an employee to sue an employer under workers compensation law?

-The employee did not realize that the job involved some potential hazards when it was initially offered

-The employer retaliated against the employee for filing a workers compensation claim

-The employee's injury was caused by a negligent colleague

-Equipment provided by a 3rd party manufacturer was defective and injured the employee at the employer's workplace

-Behavior and actions of the employee did not contribute toward the accident

Question 9: Benefit protected under OASDI from the Social Security Act

-Pension Protection

-Portability of Health Insurance

-Disability Insurance

-Permits employees to choose different levels of benefits

-Confidentiality of Health Insurance Records