Please answer each question in a minimum of 150 words and provide a reference for the answers.
- Many compensation professionals are faced with making choices about which discretionary benefits to drop because of limited funds and overall increasing costs.Rank order discretionary benefits with the one’s you would most likely drop and why?
- Please review the following article in this week’s Electronic readings and post your comments. PDF attached below
- One of the debate ideas that has been thrown around over the years to stabilize Social Security is privatization.The idea of converting your Social Security Account into a modified IRA.Your employer and you would be required to contribute as you are now but rather than going into a collective pool it would go into your own private account where you would decide among a variety of investment choices.This would be optional but those that select it would not receive mandatory benefits from the system.The argument is that over time this plan would generate far more income and it would be an asset you could pass to your heirs.What do you think about that?
- Are there any companies offering part time employee benefits? Name 2 companies and some of the benefits they receive.