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Essay / Research Paper Abstract
4 pages in length. Whether deliberate or involuntary, entering into retirement can be an especially distressing time of life as the elderly begin to move toward an unfamiliar lifestyle; after having worked most of their years, suddenly having the opportunity to be guided by interests and passions rather than a paycheck is both thrilling and intimidating at the same time. The tension inherent to this dichotomy quickly subsides for most, however, when they realize their vested pension of thirty years is safe and money will not be a constant concern. For others, Lundell's (2005) article points out how the retirement fund upon which they have counted for decades slips through their hands like loose grains of sand because the company that recently acquisitioned the original business restructured its pension policy by eliminating retirement funds of existing employees in order to infuse the bottom line. Lundell (2005) further notes how such unethical corporate behavior is not necessarily in the company's best interest if all management is focused upon is profit margins. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: LM1_TLCpension.rtf
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Unformatted sample text from the term paper:
having the opportunity to be guided by interests and passions rather than a paycheck is both thrilling and intimidating at the same time. The tension inherent to this dichotomy
quickly subsides for most, however, when they realize their vested pension of thirty years is safe and money will not be a constant concern. For others, Lundells (2005) article
points out how the retirement fund upon which they have counted for decades slips through their hands like loose grains of sand because the company that recently acquisitioned the original
business restructured its pension policy by eliminating retirement funds of existing employees in order to infuse the bottom line. Lundell (2005) further notes how such unethical corporate behavior is
not necessarily in the companys best interest if all management is focused upon is profit margins. The author explains how existing pension programs are too easily discarded as liabilities when
new owners take over a company, inasmuch as management is overlooking the inherent value of maintaining employee morale amidst the pressures of such significant change inherent to acquisitions and mergers.
Already concerned over being involuntarily retired when not yet fully vested, older employees would not necessarily know their pensions have disappeared until well after they have been displaced from
the company; if still employed when they do find out, they quickly lose their desire to produce output when the past thirty years of dedication, loyalty and productivity are completely
wiped off the slate. Lundell (2005) warns companies to weigh the benefits and risks of disposing pension programs to increase profit margins compared with the loss of morale and
productivity that directly affects the bottom line. Lundells (2005) article relates to class learning by illustrating how the presence of a pension on paper is in no way a guarantee
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