1. Which of the following is true of retirement plans?
Noncontributory plans are contributed by employees.
Defined-contribution plans are less preferred by employers.
In cash balance plans, all contributions are made by employers.
Defined-benefit plans are generous to young employees.
Cash balance plans produce great savings in pension benefits.
2. According to the Patient Protection and Affordable Care Act (2010), which of the following is true of healthcare benefits?
The law requires companies to offer health insurance benefits.
The law provides an employer the choice of paying a penalty or meeting the standards.
The choice of providing penalty depends on the number of laid-off employees.
Small organizations pay an Employer Shared Responsibility Payment.
The law covers the medical expenses of domestic partners.