Reference no: EM132688990

Questions: 1. What is merit pay? What are individual incentive bonuses? What are the primary differences between merit pay and individual incentive bonuses?

2. Brainstorm a list of things that might motivate employees to want to good job in addition to monetary rewards.

3. What is unemployment insurance as a legally required benefit? What does it mean that an employer's unemployment insurance tax rate depends on the employer's "experience rating"?

4. What is worker's compensation as a legally required benefit? What three factors determine an employer's worker's compensation premium rate?

5. A. What is a defined benefit pension plan? Who bears the investment risk in a defined benefit pension plan, the employer or the employee?

B. What is a defined contribution pension plan? Who bears the investment risk in a defined contribution pension plan, the employer or the employee?

C. Is a 401(k) a defined benefit pension plan or a defined contribution pension plan?

D. What is meant by vesting in pension plans? Under ERISA, how are the employee's own contribution to their pension plan vested? Under ERISA, what are the two schedules for vesting of the employer's contributions to the employee's pension plan?

6. With respect to employee health and medical insurance, what is a Preferred Provider Organization (PPO)?