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Langara College (1,809)
BUSM 1100 (94)
K.Hall (92)
Lecture

Current Issues in Benefits.docx

4 Pages
84 Views

Department
Business Management
Course Code
BUSM 1100
Professor
K.Hall

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Description
Current Issues in Benefits  Health Care Costs o Average “trend rate” over 10% annually o Mainly due to prescription drugs – implementing generic drugs only or equivalent  Mental Health o Disability (STD/LTD) claims o Difficult to identify, prevent & manage Retirement Plans  Three traditional pillars for retirement savings o Government plans (CPP) (Foundation) o Employer Plans (Essential) o Personal Savings (Lifestyle) Trends:  A trend towards Open Defined Contribution Plans than Open Defined Benefit Plans Basic Overview:  Defined Bene
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