HRM 320 Week 7 discussion | Assignment Help | Devry university
- Devry University / HRM 320
- 12 Jan 2019
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HRM 320 Week 7 discussion | Assignment Help | Devry University
Week 7 Discussion
Week 7: Debate: Defined Benefit or Contribution Plans
Congress passed the Employment
Retirement Income Security Act to protect employee benefits including pension
or retirement benefits. However, ERISA does not specifically address one of the
current "hot topics" in employer retirement plans. That "hot
topic" is the use of defined benefit or defined contribution retirement
plans. Employers that have defined benefit retirement plans are increasingly
converting those plans to defined contribution plans while almost all new
employee pension plans are defined contribution plans.
- What protections does ERISA provide to employees in
general?
- How might these protections be inadequate from an
employee standpoint as our country faces challenging economic times?
- Can employees truly "rely" on benefits such
as health insurance and retirement?