https://bla ent/take/launch.jsp?course-assessme ||aSearch QUESTION 1 Which of th

Question

https://bla ent/take/launch.jsp?course-assessme ||aSearch QUESTION 1 Which of the following is a typical factor used to determine retirement benefit levels under a defined benefit retirement plan? The state where the person was employed during the retirement year O Number of dependents O Age O Average eaming during the last 20 years of employment O Number of unused leaves at the end of the retirement year QUESTION 2 According to Walton and McKersie, labor-management bargaining that focuses on diding an economic pie" between two sides is O integrative bargaining O attitudinal structuring. O intraorganizational bargaining O distributive bargaining. O corporate bargaining. referred to as: 2 points Save QUESTION 3 arbitration, the arbitrator must choose either management's or the union's last offer for each issue or for the contract as a whole O final-offer O interest O rights O conventional swers. Save and Submit Click Save and Submit to save and submit. Click Save All Answers to save all an

Explanation / Answer

Ans 1) Age

Defined benefit retirement plan is a type of retirement plan in which employer promises to pay an amount which is calculated on the basis of factors such as past earning, age, benefit formula, tenure etc.

Ans 2) Distributive Bargaining

According to Walton and Mc Kersie, labour management bargaining that focuses on dividing an economic pie between two sides is referred to as Distributive Bargaining. It is a case of "fixed sum game" which means gain to one and loss to another.

Ans 3) Final Offer Arbitration

In this case, after all possible negotiations and collective bragaining, the final offer is accepted. This is the ultimate point of decision. Any modification or dilution is not allowed. It of two types: a) Issue-by-Issue final offer arbitration in which each parties offer has the possibility of being taken up as it is decided on individual issue basis. b) Total package final arbitration, in which only one party's offer is taken up on all matters (either managment or labour union head).

Ans 4) Option B:

A card check provision is an agreement that if a certain percentage of employees sign an authorization card, employer will recognise their union representation.

Ans 5) Option A: created by the (Employee Retirement Income Security Act) ERISA Act of 1974

Pension Benefit Guaranty Corporation (PBGC) is a federal organisation created by the (Employee Retirement Income Security Act) ERISA Act of 1974. It provisions for payment of certain sum of money every month or on yearly basis after retirement as desired by the retired employee. However, employee needs to be first enrolled in a defined benefit retirement plan.

Ans 6) Option B: The money earns interest at a predetermined rate, such as the rate paid on U.S. Treasury bills

A cash balance plan is a variant of defined-benfit plan in which an employer deposits a percentage of his salary along with interest, rate of which is equivalent to US Treasury bills.

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.