CEBS - GBA 1,2 & 3 LATEST 2023 Exam 400+ ACTUAL
EXAM LATEST QUESTIONS AND CORRECT ANSWERS|
COMPLETE EXAM(VERIFIED ANSWERS)
Purpose of bilateral social security agreements - ANSWER: To enable expatriates,
including TCNs, to avoid making simultaneous contributions to both their native and
host countries' social security systems.
Bilateral social security agreements and totalization - ANSWER: permits employees
to combine periods of coverage under foreign systems for the purpose of
determining eligibility in their home country programs.
US has current social security agreements with these countries - ANSWER: most
European countries in addition to Austrailia, Chile and South Korea.
Specific provisions regarding coverage and totalization of benefits - ANSWER: varies
among individual agreements.
SS agreements for U.S. expatriates - ANSWER: most provide that work performed
abroad on a permanent basis be covered under the system in the country in which
the employee is working.
SS agreements and temporary assignments - ANSWER: generally less than 5 years;
usually possible to remain in the US system and not make duplicate contributions.
challenge faced by multi-national organizations when managing benefit design
globally and locally - ANSWER: to design, deliver and finance these benefits from
both a global and local perspective.
the European Union's (EU) special totalization agreement created by the Treaty of
Rome - 3 major provisions - ANSWER: 1. allows nationals of EU countries to combine
their yrs of participation under the ss systems of all EU countries to establish
eligibility for benefits. Each country then pays proportionate benefits for the yrs of
coverage in its own system
2. allows ee's on temp assignment to another EU country to remain in their home-
country system for pension benefits and to participate in the host country system for
benefits. TEMPORARY is defined as 12 months w/ the possibility of one 12-month
extension.
3. provides equal, non-discriminatory treatment of all EU nationals under the
systems of member countries.
Electronic Exchange of Social Security Information was implemented May 2012 for
this reason. - ANSWER: to modernize its administration... citizens will b issued
portable documents, including the European Health Insurance Card, to verify the ss
system under which they r covered.
, Varying international frameworks - frmwks vary significantly frm country to country.
- ANSWER: For example...
-cradle to the grave, coverage provided by the gov't
-partnership agreements (combination of EE & ER)
supplemental benefits - ANSWER: provided to protect ees in the event of retirement,
death, disability, accident/illness not covered by the gov't.
rationale for supplemental or occupational benefits - ANSWER: it is the same in each
country regardless of their legislative environment.
Expatriates or international assignees - ANSWER: ees currently on temp assignment
overseas - often paid based n terms of their home country (like temp staff)
local nationals - ANSWER: individuals employed, working and residing on a long term
basis regardless of the country they are citizens of.
locally hired foreigners - ANSWER: non-local individuals employed on local terms and
conditions
third-country nationals (TCN's) - ANSWER: individuals working for a foreign company
on assignment outside of their home country. true tcns will serve at least 2 but
usually more countries during their career. pay/benefits might b provided on a home
country, a host country or some special basis designated to suit operational needs.
usually, the duration and number of foreign assignments are key considerations
when establishing benefits pkgs for TCNs.
extra comp and benefits provided by newly emerging countries to locally hired
foreigners to make up for drop in pay as they are paid on local terms - ANSWER:
educational and housing allowances & enhanced medical benefits
taxation of benefit plans - ANSWER: outside of US, most countries rcv some type of
tax relief (taxed as normal income when distributed).
some of the noticeable shifts in recent yrs regarding govt'l cov. - ANSWER: some
govt's are pulling back on the level of cov. they provide, with some er's starting to
pick up this gap in coverage.
competing issues involved in the process of balancing the challenges of managing
global benefits - ANSWER: -local benefits objectives w/ local and global bus. objs. &
philosophies
-differing competitive environments & economic realities.
-the cost and benefits avail. from old-age, survivor and disability programs with
supplemental retirement and capital accumulation plans
-the cost, quality and availability of national health ins programs with emerging
private medical practices in many countries
EXAM LATEST QUESTIONS AND CORRECT ANSWERS|
COMPLETE EXAM(VERIFIED ANSWERS)
Purpose of bilateral social security agreements - ANSWER: To enable expatriates,
including TCNs, to avoid making simultaneous contributions to both their native and
host countries' social security systems.
Bilateral social security agreements and totalization - ANSWER: permits employees
to combine periods of coverage under foreign systems for the purpose of
determining eligibility in their home country programs.
US has current social security agreements with these countries - ANSWER: most
European countries in addition to Austrailia, Chile and South Korea.
Specific provisions regarding coverage and totalization of benefits - ANSWER: varies
among individual agreements.
SS agreements for U.S. expatriates - ANSWER: most provide that work performed
abroad on a permanent basis be covered under the system in the country in which
the employee is working.
SS agreements and temporary assignments - ANSWER: generally less than 5 years;
usually possible to remain in the US system and not make duplicate contributions.
challenge faced by multi-national organizations when managing benefit design
globally and locally - ANSWER: to design, deliver and finance these benefits from
both a global and local perspective.
the European Union's (EU) special totalization agreement created by the Treaty of
Rome - 3 major provisions - ANSWER: 1. allows nationals of EU countries to combine
their yrs of participation under the ss systems of all EU countries to establish
eligibility for benefits. Each country then pays proportionate benefits for the yrs of
coverage in its own system
2. allows ee's on temp assignment to another EU country to remain in their home-
country system for pension benefits and to participate in the host country system for
benefits. TEMPORARY is defined as 12 months w/ the possibility of one 12-month
extension.
3. provides equal, non-discriminatory treatment of all EU nationals under the
systems of member countries.
Electronic Exchange of Social Security Information was implemented May 2012 for
this reason. - ANSWER: to modernize its administration... citizens will b issued
portable documents, including the European Health Insurance Card, to verify the ss
system under which they r covered.
, Varying international frameworks - frmwks vary significantly frm country to country.
- ANSWER: For example...
-cradle to the grave, coverage provided by the gov't
-partnership agreements (combination of EE & ER)
supplemental benefits - ANSWER: provided to protect ees in the event of retirement,
death, disability, accident/illness not covered by the gov't.
rationale for supplemental or occupational benefits - ANSWER: it is the same in each
country regardless of their legislative environment.
Expatriates or international assignees - ANSWER: ees currently on temp assignment
overseas - often paid based n terms of their home country (like temp staff)
local nationals - ANSWER: individuals employed, working and residing on a long term
basis regardless of the country they are citizens of.
locally hired foreigners - ANSWER: non-local individuals employed on local terms and
conditions
third-country nationals (TCN's) - ANSWER: individuals working for a foreign company
on assignment outside of their home country. true tcns will serve at least 2 but
usually more countries during their career. pay/benefits might b provided on a home
country, a host country or some special basis designated to suit operational needs.
usually, the duration and number of foreign assignments are key considerations
when establishing benefits pkgs for TCNs.
extra comp and benefits provided by newly emerging countries to locally hired
foreigners to make up for drop in pay as they are paid on local terms - ANSWER:
educational and housing allowances & enhanced medical benefits
taxation of benefit plans - ANSWER: outside of US, most countries rcv some type of
tax relief (taxed as normal income when distributed).
some of the noticeable shifts in recent yrs regarding govt'l cov. - ANSWER: some
govt's are pulling back on the level of cov. they provide, with some er's starting to
pick up this gap in coverage.
competing issues involved in the process of balancing the challenges of managing
global benefits - ANSWER: -local benefits objectives w/ local and global bus. objs. &
philosophies
-differing competitive environments & economic realities.
-the cost and benefits avail. from old-age, survivor and disability programs with
supplemental retirement and capital accumulation plans
-the cost, quality and availability of national health ins programs with emerging
private medical practices in many countries
