Abstract Each employer ’s retirement benefits are different. Employees need to know exactly what benefits their employer offers and what each type of benefit does for the employee. Employees that understand defined contribution plans‚ defined benefit plans‚ 401(k)‚ 403(b)‚ the fiduciary requirements imposed by ERISA‚ and non-discrimination rules imposed by ERISA will help employees make good decisions regarding their retirement. Each plans has its good points and its bad points and employees need to know
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recognize that athletes have changed tremendously over the years and the big question is how? What has allowed athletes to grow over the years? In the 1900s sports was nothing like it is today. Although the sport may be very similar‚ the equipment and the athletes are evolving tremendously. How and what caused all these changes is a question people tend to overlook. Technology and science are the key factors in the evolution of sports. Technology has allowed trainers to
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Save Lives by Keeping the Drinking Age at 21 Listening to the news on television‚ hearing other students talk about it‚ is it really true‚ or are they going to lower the drinking age to 18? This is not just a rumor but nowhere have they actually lowered the age. The debate has been talked about for the last few years. The nation has always tried different things to solve the irresponsible drinking problems. In order to try and prevent this problem America has tried a national prohibition in the
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DRINKING AGE DEBATE Should the drinking age be lowered to 18 years old‚ when one is considered an adult‚ and assumes adult privileges and penalties‚ or should the drinking age remain at 21 years old‚ since people are more mature and therefore‚ can be safe and responsible with alcohol? I believe that the drinking age should remain at 21 years old because lowering the legal drinking age would not be in the best interest of the public ’s safety‚ as well as today ’s youth. The most fundamental
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Drinking Age: 21 or 18? Some of the most overlooked types of drugs are those that are legal. Specifically‚ alcohol is one of the most widely used drugs in the world‚ and yet‚ many people don’t think of this substance upon hearing the word “drug.” This drug contributes to significantly more deaths than some illegal drugs such as marijuana (which has not been reported to cause any deaths)‚ and yet alcohol is still legal. On the flipside‚ alcohol is outlawed for minors under the age of 21‚ while Americans
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responsibilities of both employer and employee looking at their similarities and differences and explaining them. I will point out each similarity and difference by sections – RIGHTS and RESPONSIBILITIES. Also I will stop my attention at explaining how important is to be able to compare both sides and what are the consequences for both parts if we were not able to compare them and there weren’t any similarities and differences.. SECTION - RIGHTS * Both sides (employer and employee) have the right to
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concept‚ that businesses must not discuss pay among employees. Unfortunately‚ if people talk about their pay‚ they will be terminated. If two individuals hold the same job title‚ again why‚ shouldn’t they be paid equal pay. At least in the contractual world‚ pay is based on multiple factors; education‚ skills‚ along with experience‚ are the top reasons for pay difference. My company paid employees the same pay in their position; consequently‚ employees that possessed certain skills‚ moreover‚ held security
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Thrift Savings Plan. Central idea: The main types of funds that you can invest in are the G‚ F‚ C‚ S‚ and I funds‚ and lifecycle funds. Introduction I. Many of us have financial worries in the present and neglect to think about how financially stable we will be in the future. National Institute on Retirement Security released a new report on the current state of retirement savings in America. The study confirmed 38 million working-age households (45%) do not own any retirement account assets.
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Disadvantages: 401k plan to the Employer and Employee A 401(k) plan is a retirement account to which employee and employers contribute‚ on which taxes are deferred until withdrawal‚ and for which the employee selects the types of investments. As with anything to do with the Internal Revenue Service‚ the 401(k) plan has many ups and downs and many regulations that must be followed. This makes things more difficult for both the employer and employee in making decisions about the plan. We have taken a look
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Retirement Gamble Before enrolling into this class‚ I can honestly say that I have never really thought about retirement plans. Just like a lot of young people‚ I felt as if retirement was so far away that I don’t need to plan yet. That is a very typical answer‚ but I honestly felt at 19 years old I don’t need to start planning and saving yet. I have a financial advisor that my family and I go to and the last meeting I was in‚ he brought up the idea to start thinking about retirement. I brushed
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