CEBS GBA 1 - Assignment 1 Questions &
Answers(RATED A+)
Broad View of Employee Benefits - ANSWERAny form of compensation other than direct wages
Narrow View of Employee Benefits - ANSWERAny type of plan sponsored or initiated, unilaterally or
jointly, by employers and employees engaged in providing benefits that result from the employment
relationship
Categories of Benefits under the Broad View - ANSWER(a) Legally required benefits.
(b) Payments for time not worked.
(c) Employer's share of medical benefits.
(d) Employer's share of retirement/savings plan payments.
(e) Miscellaneous benefits.
Reasons Employers Establish Employee Benefit Plans - ANSWER(a) Attract and retain capable
employees.
(b) Foster corporate efficiency, productivity, and employee morale.
(c) Concern for employees' welfare and social objectives.
National Labor Relations Board and Inland Steel (1948) - ANSWERThe duty to bargain in good faith
over wages also includes insurance and fringes (such as pension).
National Labor Relations Board and W.W. Cross & Co. - ANSWERWages include a health and accident
plan.
Taft Hartley Act (aka The Labor-Management Relations Act) - ANSWERSets for the framework for
good-faith collective bargaining over wages, conditions, terms of employment, and employee
benefits.
With the IRC, it establish the distinction between retirement and welfare benefits.
Provides regulatory framework for retirement and welfare benefits administration in a collective
bargaining agreement.
Answers(RATED A+)
Broad View of Employee Benefits - ANSWERAny form of compensation other than direct wages
Narrow View of Employee Benefits - ANSWERAny type of plan sponsored or initiated, unilaterally or
jointly, by employers and employees engaged in providing benefits that result from the employment
relationship
Categories of Benefits under the Broad View - ANSWER(a) Legally required benefits.
(b) Payments for time not worked.
(c) Employer's share of medical benefits.
(d) Employer's share of retirement/savings plan payments.
(e) Miscellaneous benefits.
Reasons Employers Establish Employee Benefit Plans - ANSWER(a) Attract and retain capable
employees.
(b) Foster corporate efficiency, productivity, and employee morale.
(c) Concern for employees' welfare and social objectives.
National Labor Relations Board and Inland Steel (1948) - ANSWERThe duty to bargain in good faith
over wages also includes insurance and fringes (such as pension).
National Labor Relations Board and W.W. Cross & Co. - ANSWERWages include a health and accident
plan.
Taft Hartley Act (aka The Labor-Management Relations Act) - ANSWERSets for the framework for
good-faith collective bargaining over wages, conditions, terms of employment, and employee
benefits.
With the IRC, it establish the distinction between retirement and welfare benefits.
Provides regulatory framework for retirement and welfare benefits administration in a collective
bargaining agreement.
