Human Resource Managment

Human Resource Management

Human Resource Management

John Miller

Columbia Southern University

Abstract

What determines if employers are to pay out the pension benefits they have promised? If they can’t, what should be done for retirees who are left without their pension benefits? "[CLICK AND TYPE HEADING]"

The Employment Retirement Income Security Act (ERISA) of 1974 regulates private pensions. This law was established to ensure that private pensions were paid out as promised. In addition, the government set up the Pension Benefit Guaranty Corporation (PBGC) to back or guarantee any pension plans. However, the agency has not guaranteed all plans. An increasingly aging population, skyrocketing healthcare costs, and under funded pension plans have led to the dismantling of many retirement plans. Companies