RetiremeAre any benefits offered at your company that are not offered anywhere else? Besides health, dental, and retirement, there are many other benefits, such as vision care, life insurance, and flexible spending accounts. In Florida, state employees are offered additional insurance such as cancer insurance and hospitalization insurance. Are there some products that you have seen where you work? nt benefits are valuable to everyone and are an important part of a total rewards package for an employee. The Employee Retirement Income Security Act (ERISA) of 1974 defines employee vesting rights (right to pension benefits even if one leaves the company), enables pension rights to be portable, sets up Pension Benefit Guaranty Corporation (PBGC) (claims corporate assets to cover inadequately funded pension plans) and requires Summary Plan Description (SPD) (explanation of benefits in "plain" language). A defined contribution plan is when the employee and the employer may contribute based on rules established for contribution. The amount of benefits depends on the success of account investments. What type of retirement benefit does your employer provide? Does your employer provide a match contribution? Do you think it is generous? Please explain your responses

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My employer provides a Defined Contribution retirement pl... View the full answer