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The Ethics of the Pension Switch: The Effects of the Change from Defined Benefit to Defined Contribution Pension Plans
Morris, Hannah
Morris, Hannah
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2013
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2013-05-03
Abstract
This study focused on the effects of the trending switch from defined benefit to defined contribution pension plans. Specifically, I examined how the pension switch affects employers and employees and how the actions of employers making the pension switch measure up against pre-existing ethical theories. Based on my research of current academic articles and existing theories, I developed three propositions relating to pension switch. In the paper, I describe positive and negative aspects of both types of pensions and explain how the switch from DC to DB negatively affects both employers and employees. In addition, I describe how workforce succession can be disrupted as a result of the pension switch and how it may decrease employee motivation, using motivational theories as support. All three propositions are supported with academic research and pre-existing theories. Implications for companies with pension plans are discussed.
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Accounting