Should a company that wants to retain older workers
consider an actuarial increase for those who...
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Should a company that wants to retain older workersconsider an actuarial increase for those who work beyond normalretirement age? Is the benefits model relevant here? Think aboutthe factors that are used in calculating a formula-basedDBP.
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Yes a company that wants to retain older workers should consider an actuarial increase for those who work beyond normal retirement age Defined benefit models cannot be more relevant for this group of employees for a company A defined benefit plan DBP is an employer sponsored retirement plan where employee benefits are computed using a formula that considers several factors such as length of the employment and salary history The company is responsible for managing the plans investment and risk and will usually hire an outside investment
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