The Shift to Defined-Contribution Plans Has Forced Employees to Take

question 102

True/False

The shift to defined-contribution plans has forced employees to take more responsibility for their retirement.

---

Definitions:

Industrial Workers

Individuals who are employed in sectors related to manufacturing, construction, and production, often involving manual labor.

American Federation of Labor

A prominent federation of labor unions in the United States, founded in 1886, which aimed to organize workers in skilled trades.

Welfare Capitalism

An approach where private companies provide social welfare services to their employees, including health care and pensions, to improve working conditions and loyalty.

Management Systems

Systems designed to manage an organization's policies, procedures, and processes, improving efficiency and effectiveness.