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