Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. should a company that wants to retain older worker

Should a company that wants to retain older workers consider an actuarial increase for those who...

70.2K

Verified Solution

Question

General Management

Should a company that wants to retain older workersconsider an actuarial increase for those who work beyond normalretirement age? Is the benefits model relevant here? Think aboutthe factors that are used in calculating a formula-basedDBP.

Answer & Explanation Solved by verified expert
4.0 Ratings (671 Votes)
Yes a company that wants to retain older workers should consider an actuarial increase for those who work beyond normal retirement age Defined benefit models cannot be more relevant for this group of employees for a company A defined benefit plan DBP is an employer sponsored retirement plan where employee benefits are computed using a formula that considers several factors such as length of the employment and salary history The company is responsible for managing the plans investment and risk and will usually hire an outside investment    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Read the following statement:Behavioral approaches leave out the mental processes that are incredibly important in...

Psychology
Q

Use the diagram below for questions 1 3 U P V IT S R 1...

Geometry
Q

Consider the function below.f(x) = -5x + 30x + 5Exercise (a)Find the critical numbers of...

Basic Math
Q

If factory overhead is overapplied for the period, would you expect the total of the...

Accounting
Q

I have question about the lower-of-cost-or-market (LCM) method . Can anyone share with me, when...

Accounting
Q

The financial statements of Friendly Fashions include the following selected data (in millions): ...

Accounting
Q

Required information Exercise 5-7 (Algo) Changes in Variable Costs, Fixed Costs, Selling Price, and Unit...

Accounting
Q

The following is a summary of information presented on the financial statements of a company...

Accounting
Q

For the year ended December 31, 2018, Norstar Industries reported net income of $960,000. At...

Accounting
Q

help! Glasgow Enterprises started the period with 100 units in beginning inventory...

Accounting
Q

La compaa Ansara tuvo el siguiente estado de resultados abreviado para el ao terminado el...

Accounting
Q

Morgan Jennings, a geography professor, invests $81,000 in a parcel of land that is expected...

Finance