HRM Legal Environment
Employment Law Issues
Thursday August 23, 2018
Approximately 850 words
Identify areas of employment law liability and evaluate possible solutions to reduce your organization’s liability.
Federal and state taxes are not the only items withheld from your paycheck. There are other options such as benefits, the Federal Insurance Contribution Act (FICA), the Employee Retirement Income Security Act (ERISA), and Social Security. Watch the videos A Primer on Social Security and A Primer on the FICA Tax located in this week’s M.U.S.E. to get a better understanding of both FICA and Social Security.
Here are the links to the 2 videos:
https://www.khanacademy.org/humanities/us-history/american-civics-parent/american-civics/v/social-security-intro
and
https://www.khanacademy.org/humanities/us-history/american-civics-parent/american-civics/v/fica-tax
Please respond to the following questions:
*** What role does Social Security play in employee retirement?
*** What is the relationship between FICA, ERISA, and Social Security?
*** What are some real world examples of retirement planning programs?
*** What would be considered an example of fiduciary responsibility under ERISA?
If you can’t look at those videos online please let me know. Also, please reference the videos on the references. Thanks!
