All of the Following Are Requirements of the Employee Retirement

question 86

Multiple Choice

All of the following are requirements of the Employee Retirement Income Security Act (ERISA) EXCEPT

• A) employers may offer retirement plans to certain classes of employees as a tool to aid retention of top-performing employees.
• B) pension plans must meet minimum funding requirements.
• C) employers must pay termination insurance to ensure employee pensions will be there even if the company goes out of business.
• D) accrued benefits in the pension plan must be given to employees when they retire or leave.

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Definitions:

Bypassing Manager

Refers to the act of ignoring or circumventing a manager in the organizational hierarchy, usually to expedite decisions or actions.

Top Administrator

A high-ranking official in an organization responsible for making key decisions and overseeing the implementation of policies.

Organizational Citizenship Behavior

Voluntary behaviors employees perform to help others and benefit the organization, which go beyond their formal job requirements.

Job Description

A formal account of an employee's responsibilities, duties, and the scope of work expected by an employer.