With up to four different generations in the workforce, HR practitioners are finding it challenging to design plans that will effectively incent different generations, and attract and retain employees.
There have been several major changes in the retirement landscape, particularly concerning the shift of Defined Benefit Pension Plans to Defined Contribution and Hybrid Approaches in plan design. Several laws regarding plan design, funding and eligibility have also further determined the composition of these programs.
This book provides a basic understanding of the different types of retirement programs, along with the advantages and disadvantages of each, so that the practitioner can evaluate which types might be appropriate for meeting the needs of their workforce while still meeting employer business objectives.
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