Discuss the principle reasons that organizations have moved to defined contributions plans from defined benefit plans, and the specific impact to employees.
Varieties of Benefits Plans
Most private organizations now use a defined contribution plan, one that many believe is not as advantageous or appealing to employees as a defined benefit program. Using the week’s assigned resources:
Discuss the principle reasons that organizations have moved to defined contributions plans from defined benefit plans, and the specific impact to employees.
Analyze how organizations might enhance the benefits of defined contribution plans to make them more attractive to employees without causing the organization unwanted issues, including fiscal challenges, since that was an original intention of moving from the defined benefit program.
Respond by Day 5 to two or more of your colleagues’postings in one or more of the following ways:
Answer preview Discuss the principle reasons that organizations have moved to defined contributions plans from defined benefit plans, and the specific impact to employees.
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