Merging Current Retirement Plans at Company Y: Memo to CEO
In the wake of the recent merger, employees of Company Y are understandably anxious about the decision to create a single, unified retirement benefits plan for all employees. One segment of the company has a defined contribution plan, in which employees contribute to the plan with a portion of their salary, which is then matched by the company. The employees with this plan have sometimes benefited from the fact that a defined contribution plan can change in value, based upon market circumstances. "There is no way to know how much the plan will ultimately give the employee upon retiring. The amount contributed is fixed, but the benefit is not" (Defined contribution, 2011, Investopedia).
Recent market uncertainty has caused some employees to question the value of such a plan, given that many people nationwide lost a substantial part of their retirement savings during the most recent financial crisis. Still, some employees like the idea of being able to control where their investments may lie: "Balances accrue[d] in [defined contribution] DC plans belong to individual employees, who direct the investments and bear the risk of fluctuating asset returns" (Retirement plans, 2009, Job employment guide). Managers like the fact that the company's contribution is fixed, and they are not required to 'make up' for any deficits in retirement funds. Some risk-seeking employees are attracted...
Employee Stock Ownership on Employees in the Airlines Industry since September 11th. Review current materials on the issue. Airline industry ESOPs tend to be very volatile. This paper will examine the effects of the September 11th tragedy on employees' employee stock ownership plans in the airlines industry. The following generic information is provided for background before examining the main issue for this paper. In the United States, the main vehicle for employee ownership
Forming a Bank Holding Company - Structure, Governance, and Regulations Understanding Banks Forming and Expanding a Bank Holding Company Financial Holding Company Requirements BHC Regulations Capital Building Options for Bank Holding Companies Pros and Cons of Forming a Bank Holding Company Stocks and Governance Corporate Governance and Banking Law The Role of Bank and Holding Company Audit Committees Data Gathering Method Database of Study Summary, Conclusions and Recommendations Forming a Bank Holding Company - Structure, Governance, and Regulations This research paper describes the process
The deal was immediately criticized as anti-competitive by William Kennard, the chairman of the Federal Communications Commission, and by the Communications Workers of America, which represents some workers at both of the merged companies. But neither government regulators nor union bureaucrats will have the slightest impact on the latest merger. They have neither the power nor the desire to oppose the plans of the giant telecommunications monopolies. More substantial opposition
As a consequence, investors may suffer. Importance of the Study It is necessary and pertinent to discuss the importance of any study, and this particular study is important to many people across many countries. Not only does it have importance for people who are trusting people with their pension and hedge funds in Germany, but it also has importance for people who are considering a career working with these funds and
Future of Unions in America Union membership has been steadily decreasing since the 1970's. But since the history of union membership has been filled with short, fervent periods of rapid increases in membership, followed by long periods of stagnation and decrease in membership, this may not seem to be cause of worry. However, while the current decrease in the number of union workers may seem to be just another slump,
Business Leadership Learning & Development The reorganization of a business can take many forms. One of the most crucial areas for reorganization when expanding a business, buying a new business, or even restructuring because of bankruptcy, is to focus the new management team and to incorporate viable solutions for leadership learning & development protection. This report aims to draw up a management development program, devise a program that ensures that the learning
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