Discussion: "Pension Plan Management"
Please respond to the following:
• Use the Internet to locate information on recent changes to pension laws and the effects that these changes are having on pensioners. Analyze one recent change that has been made to pension laws designed to protect consumers and pensioners. Provide two examples that illustrate how this change has either improved or worsened the economic situation for many pensioners.
• Imagine that you have a choice between a defined benefit plan and a defined contribution plan. Determine two advantages and two disadvantages of each. Select the plan that you prefer and justify your answer with an explanation.