Pension benefit guaranty corporation(PBGC) is responsible for protecting private plans pension benefits. This federal agency ensures the security of clients' pension plans such that if the clients do not receive sufficient pension, they compensate them up to the limit set by the law. PBGC is mainly funded by investments, time,...

One strategy that organisations can put in place to keep employees well motivate is to have a retirement plan for the staff. Such companies have low turnover rates because every employee will want to work in such a company. A well-analysed retirement plan has a wide range of benefits. Every...

Dear [CEO], Thank you for providing me with the opportunity to partner in [CEO’s COMPANY]’s overhaul of retirement plans offered to employees. The proposal for these new retirement plans outlines two unique options apart from standard 401(k) plans commonly offered by companies as well as the benefits these new plans...

Following employment, an individual makes a plan to save their money to cater for their needs after they retire. It is this that makes its necessary to draft a retirement plan. A retirement plan is an arrangement set up to supersede an individual’s income after employment, which could be provided...

The high unemployment rates in the United States have prompted the government and other stakeholders to take up different measures to end the problem. One of the suggested solutions is the reduction or setting of the retirement age, which entails compelling older employees to leave their work even if they...