________ Practices Include Early Testing of Machine Parts That May

question 84

Essay

________ practices include early testing of machine parts that may need to be replaced and making workers responsible for routine minor maintenance of their own equipment.

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Definitions:

Pension Fund Contributions

Payments made into a pension fund by employers, employees, or both, intended to finance future benefit payments to retirees.

Pension Plan Sponsor

The entity, typically a company or employer, that sets up and maintains a pension plan for the benefit of its employees.

Pension Funding Ratios

Measures the financial health of a pension plan by comparing the plan's assets to its liabilities.

Postretirement Benefits

Refer to the benefits, apart from pensions, that a company expects to provide to its employees during their retirement years.