HRIR 3051 QUIZ 2 EXAM QUESTIONS
WITH CORRECT ANSWERS
Public sector measures - Answer-Specified services with an acceptable cost (operate in
an established budget)
Minnesota Local Government Pay Equity Act - Answer-Mandates a point factor system,
no allowance for market rates for government jobs
Mandatory subjects of collective bargianing - Answer-Must be bargained over at the
bargaining table (wages, merit increases, bonuses, pensions, profit-sharing, health and
welfare plans)
Step plan: - Answer-
Union responsibility - Answer-advocate for employees, ensure job security, increase
pay and benefits, look after interests of senior members
Total compensation statement - Answer-issued by companies annually or biannually to
employees that includes wage & benefit information. Quantifies total compensation for
each employee.
Issues with healthcare - Answer-Confusing, wasteful, expensive
Common Benefit Offerings - Answer-Medical, dental, vision, 401k, pension, stock
purchase, retiree medical, disability, life insurance
Self-insured - Answer-Company takes on the responsibility to pay its own claims
Fully insured - Answer-Company buys a policy with a health care insurance provider
Deductible - Answer-Amount of expenses that must be paid out of pocket before an
insurer will pay any expenses
Out-of-pocket maximum - Answer-Maximum that an employee will pay for health care
expenses in a plan year
In-network provider - Answer-a health care provider who has a contract with a managed
care insurance plan
Out-of-network provider - Answer-a health care provider who is not in a particular
managed care health insurance plan
WITH CORRECT ANSWERS
Public sector measures - Answer-Specified services with an acceptable cost (operate in
an established budget)
Minnesota Local Government Pay Equity Act - Answer-Mandates a point factor system,
no allowance for market rates for government jobs
Mandatory subjects of collective bargianing - Answer-Must be bargained over at the
bargaining table (wages, merit increases, bonuses, pensions, profit-sharing, health and
welfare plans)
Step plan: - Answer-
Union responsibility - Answer-advocate for employees, ensure job security, increase
pay and benefits, look after interests of senior members
Total compensation statement - Answer-issued by companies annually or biannually to
employees that includes wage & benefit information. Quantifies total compensation for
each employee.
Issues with healthcare - Answer-Confusing, wasteful, expensive
Common Benefit Offerings - Answer-Medical, dental, vision, 401k, pension, stock
purchase, retiree medical, disability, life insurance
Self-insured - Answer-Company takes on the responsibility to pay its own claims
Fully insured - Answer-Company buys a policy with a health care insurance provider
Deductible - Answer-Amount of expenses that must be paid out of pocket before an
insurer will pay any expenses
Out-of-pocket maximum - Answer-Maximum that an employee will pay for health care
expenses in a plan year
In-network provider - Answer-a health care provider who has a contract with a managed
care insurance plan
Out-of-network provider - Answer-a health care provider who is not in a particular
managed care health insurance plan
