Problem
i. You are an employee who was worked for your employer, Epic Healthcare, for many years and you are depending on the pension you will get from Epic for your retirement, explain at least 2 provisions of ERISA and why they would be beneficial to you, as an employee of the company providing you with a pension benefit.
ii. Aside from the various factors that affect the pension plan, there are also other issues that are related to the program's financial stability. 1. Life Expectancy and 2. Shrinking Workforce that are impacting the financial stability of the Social Security Program. Explain these 2 issues as they relate to impacting Social Security program.
iii. What it means that the Fair Labor Standards Act was passed in reaction to the Great Depression, and what did it do to create more jobs in the US economy?
iv. The American with Disabilities Act of 1990 (ADA) was passed to protect people with disabilities from employment discrimination. Once a candidate passes a pre-employment physical as part of the interview/application process and identifies the extent of any disability they have, businesses must provide any accommodation that is requested by the candidate to perform the job. It applies to all employers in the US and is enforced by OSHA. This statement is FALSE. Explain at least 3 incorrect items in this statement.