Discussion #2
Select one benefit and compliance issue identified in Module 3
and share why you feel it is a potentially risky one of which all organizations need to be aware.
Use a minimum of one reference from the class materials. No need to respond to other students.
he Social Security Act of 1935 requires employers to withdraw funds from workers’ paychecks to pay for social security benefits now called OASDHI
or the Old Age, Survivors, Disability, and Health Insurance Program (HRMN, et al (2016)).
The Federal Insurance Contributions Act (FICA)
are the taxes employees and employers pay to finance the Social Security Old-Age, Survivor, and Disability Insurance Program (Module 3, et. al (n.d.). but some fear that Social Security will run out of funds before the Millenniums will want to retire. Is it that social security is not being funded correctly? Or is it that the funds are being depleted before they should? Although some experts would argue that that we are not taking enough tax, some employers and employees say their paychecks are more
tax than actual take home profits. As pensions go bankrupt and income becomes unstable, retirement seems like a far fetched goal for most people in the workforce.
HRMN, (n.d.), 2016. Human Resource Management. 6.4 Other
types of Compensation. Libraries, University of Minnesota, licensed under a Creative Commons Attribution-Non-
Commercial-Share Alike 4.0 International License. Retrieved from: Retrieved from:
https://open.lib.umn.edu/humanresourcemanagement/c
hapter/6-4-other-types-of-compensation/
