Reference no: EM132190210

1. Which if the following is NOT true about the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985?

A. Under most circumstances, COBRA coverage is available for 24 months after employment has ended.

B. Government employees are subject to parallel provisions found in the Public Health Service Act.

C. To continue coverage, a person must pay the required group rate premium.

D. It provides that an employee of a private employer or the employee's beneficiaries must be offered the opportunity to continue group health insurance.

E. The employer must notify covered employees and their beneficiaries of their rights under COBRA.

2. The Employee Retirement Income Security Act (ERISA) is a federal act designed to prevent fraud and other abuses associated with private pension funds. Employers are not required to establish pension plans for their employees. If they do, however, they are subject to all of the following EXCEPT?

A. record keeping

B. fiduciary duty

C. disclosure

D. naming a fund manager

E. offering the opportunity to continue group health insurance

3. Which of the following is NOT true about The Employee Retirement Income Security Act (ERISA)?

A. It is designed to prevent fraud and other abuses associated private pension plans.

B. Among other things, ERISA requires pension plans to be in writing and to name a pension fund manager.

C. ERISA is administered by the Department of Labor.

D. Federal, state, and local government pension funds are exempt from its coverage.

E. No more than 25 percent of a pension fund's assets can be invested in the securities of the sponsoring employer.