The Laws
This act was initially passed in 1938 to regulate pay and hours worked. It was later amended several times.
What is the Fair Labor Standards Act (FLSA)? Page 837
An employer could be liable for criminal penalties if it commits a __________ ___________ that results in a death of an employee.
What is a willful violation? (page 855-856)
This federal agency administers and enforces the Fair Labor Standards Act.
What is a defined contribution plan? page 866
Becoming legally entitled to receive a benefit where the benefit cannot be forfeited if employment is terminated.
What is vested? page 871
On February 5, 1993 President Bill Clinton signed into law this act. It guarantees employees who have been on the job at least a year up to 12 weeks of unpaid leave per year for a birth, an adoption, or care of sick children, spouses or parents (or their own illness) and the same or equivalent job upon their return.
What is Family and Medical Leave Act (FMLA)? page 849
This law gives participants the right to maintain at their own expense, coverage under their health care plan that would be lost due to a change in circumstance such as termination of employment or divorce.
What is Consolidated Omnibus Budget Reconciliation Act (COBRA)? page 876
The federal minimum wage as of July 24, 2009 was and still is.... (states can increase their own...)
Retirement plan where the benefit payable to a participant is defined up front by a formula, the funding of which is determined actuarially.
What is a defined benefit plan? page 866
Lactation time for nursing mothers and unpaid internships - what do they have in common?
What is...they are two emerging controversial FLSA issues? pages 838-841
This act ensures safe and healthful working conditions for all employees and to preserve the human resources of the United States.
What is The Occupational Safety and Health Act? (OSHA) page 853
COBRA requires employers to extend healthcare coverage (if they lose benefit coverage due to a reduction in hours, or divorce, or ceasing to be a dependent) for up to _____ months, and ____ of the rates originally charged while the individual was still working for the employer.
What is 18 and 102%? page 876
True or False? Under the new regulations, employees earning $23,660 per year, or $455 per week, are automatically entitled to overtime pay regardless of their classification as a salaried or hourly employee.
True. Page 847
This affects over 60 million workers each year.
What is workplace bullying? Page 863
A 2011 government report found that in 2009 alone there were ________ homicides in the workplace.
What is 521? page 863
This is a federal law that governs certain administrative aspects of employee benefit and retirement plans and that is enforced by the Department of Labor (DOL).
What is Employee Retirement Income Security Act (ERISA)? Page 865
The FLSA prohibits an employer from __________ against any employee who exercises his or her rights under the act, such as filing suit to collect benefits wrongfully withheld.
What is retaliation? (page 848)
True or False? The United States is in the unique position of being the only industrially similar nation that does not provide at least some type of paid parental leave.
Sadly, true. page 850
This was established by ERISA and is similar to the FDIC in that it acts to insure persons to a certain guaranteed limit in the event that the plan and the employer are unable to pay all promised benefits.
What is the Pension Benefit Guarantee Corporation? (PBGC) page 871
This clause applies in the absence of any specific OSHA standard and requires the employer to maintain a workplace free of recognized hazards that are likely to cause death or serious physical injury to an employee.
What is the general duty clause in the Occupational Safety and Health Act? (page 859)
This act is a federal law that was amended in 1996 to promote standardization and efficiency in the health care industry.
What is Health Insurance Portability and Accountability Act (HIPAA)? page 876
Under FLSA, covered employees working over 40 hours per week are entitled to overtime pay of at least
What is time and a half of the employee's regular hourly wage rate? page 847
Contributory negligence, assumption of risk, and fellow servant rule have what in common?
Loyalty, Exclusive purpose, prudence, diversification, and compliance with plan documents -all have in common?
What are the fiduciary requirements under ERISA? page 867
These standards established by ERISA require a plan manager to exercise care and judgment that a prudent person would exercise pursuing similar objectives under the same circumstances.
What is Fiduciary? (page 867)