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- Subject
- Benefits and Serviceshrm-mcqs › benefits-and-services
- Published
- 31 Aug 2021
- Last updated
- 28 May 2026
Explanation
The segment of employees' earnings that they contribute to the pension fund is known as a savings and thrift plan. Other options like cash balance plans, early retirement windows, and deferred profit-sharing plans refer to different pension or retirement benefits.
More Benefits and Services MCQs
Practice related questions from the same subject.
- 1.Which type of pension scheme calculates retirement benefits based on a predetermined formula?
- 2.Which of the following categories are recognized types of pension plans?
- 3.What is the term for the benefits provided to employees injured in work-related accidents?
- 4.What is the term for a one-time payment made to employees upon their termination?
- 5.Which category includes workers' compensation, disability insurance, and health and hospitalization expenses?
- 6.What term describes the additional benefits offered by employers in specific industries during unforeseen circumstances?
- 7.Which type of tax-deductible bonus arrangement involves employers making contributions to a trust that benefits employees at a future date?
- 8.Which of the following categories best describes the various types of employee benefits?
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