How social security payments affect private pensions
After watching each video on “How social security payments affect private pensions”, what are your reactions to the concepts you just learned? Elaborate on what you learned about the costs to employees AND employers (whether through taxes, payroll deductions, etc.). Can these programs harm employees in the long run? Why or why not? When answering, consider this statement from Stephen Miller in an article written for the Society for Human Resource Management (SHRM): “A 2018 survey of 1,700 adults by the Cato Institute, a libertarian think tank, found that 74 percent of respondents support a new federal government program to provide 12 weeks of paid leave to new parents or to people dealing with their own or a family member’s serious medical condition. Support slips, however, after costs are considered, Horn and Schweer noted. While 54 percent would be willing to pay $200 a year in new taxes to fund a 12-week federal paid-leave program, most oppose establishing a federal paid-leave program if it would cost them $450 a year or more.” https://www.bls.gov/opub/mlr/1984/05/art3full.pdf.
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