ACC 309 4-1 Discussion- Post retirement benefits.docx - ACC 309 | Module Four | 4-1 Discussion Postretirement Benefits Other than pensions many

ACC 309 4-1 Discussion- Post retirement benefits.docx - ACC...

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ACC 309 | Module Four | 4-1 Discussion: Postretirement Benefits Other than pensions, many companies offer other post-retirement benefits (OPRBs) to their post-retirement. Some of the basic common insurances offered from employers are health insurance, life insurance, disability insurance, and deferred-compensation arrangements. I chose health insurance because medical expenses can become extremely expensive once someone hits their retirement age and this could really help cover or lower some of those out-of-pocket costs. Below are some similarities and differences between Health Insurance and Pension Similarities Differences Both are post-retirement benefits Both these benefits will be beneficial to employers for drawing in and keeping valuable employees. Both are a big portion of two standards that are alike in concept and procedures. Pension plans are typically funded, while health insurance isn’t. Pensions are straightforward and
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  • Fall '15
  •  Pensions

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