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