Purchase Solution

Social Security for Employees

Not what you're looking for?

Ask Custom Question

Over a half a century ago, the primary form of retirement security was Social Security, coupled with an employer-provided pension. Today, pensions are offered in only a small fraction of employers, and employees are instead encouraged to save for their retirement in 401-K or similar plans. How has the shift from employer-sponsored defined-benefit pensions to defined-contribution plans changed the obligations and liabilities of the employer?

Do you think that most people working today are still relying on Social Security being there for them when they retire?

What do you think will be some challenges that employers will be faced with in the next few years with respect HR?

Purchase this Solution

Solution Summary

This posting gives you a step-by-step explanation of human resource challenges during the next few years. The response also contains the sources used.

Solution Preview

Step 1
The change from employer-sponsored defined benefit pension to defined contribution plans change the obligation and liabilities of employer. The shift from defined benefit pension plans to defined contribution plans shifts investment risk from employers to employees. The employees are getting more exposed to financial markets. For defined benefit pension plans the employers are required to carry financial obligations to maintain solvency and conduct valuations as required by pension authorities. In case of defined contribution the employer does not have to carry such obligations. The employers also have a number of legal obligations for their defined benefit pension plans. These obligations include qualified defined benefit ...

Purchase this Solution

Free BrainMass Quizzes
Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.