Comparing Pension Plan Features Barbara Worrell and Rita Young are neighbors in

Question

Comparing Pension Plan Features

Barbara Worrell and Rita Young are neighbors in Denver. Barbara works as a software engineer for Creative Games Corporation, a computer game company, while Rita works as an executive for United Manufacturing Company. Both are married, have two children, and are well paid. Before Barbara and Rita joined their respective companies, there had been some employee unrest and strikes. To counteract these problems, their firms had developed job enrichment and employee motivation programs. Of particular interest are the portions of these programs dealing with pensions and retirement.

Creative Games Corporation, the company where Barbara works, has a contributory plan in which 5% of the employees

Explanation / Answer

In My views Barbara's Creative Games Corporation have better plans than United Manufacturing. If we consider tha retirement age of both the corporations, we would find that they is not much of a difference between them but overall Creative Gams Corporation's plans are better.

As far as retirement is considered barbar's company pays according to defined contribution plan while RIta's company have better plans after the retirement.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.