Help! Somebody Please Get this Monkey Off My Back!

Download or read book Help! Somebody Please Get this Monkey Off My Back! written by Brooks Hamilton and published by . This book was released on 2008 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the Random House Unabridged Dictionary, the slang phrase monkey on my back refers to a burdensome personal problem, situation, responsibility, or encumbrance. Query: is there a better verbal description of the impact that the dramatic sea-change in Corporate America's retirement income strategy, from defined-benefit (DB) plans to defined contribution (DC) plans, has had on employees?The following analysis will identify the major monkeys that this transition has placed upon the worker's back, and will consist of three Parts: (1) characteristics of the former defined benefit (DB) plan era, as compared to (2) characteristics of the current defined contribution (DC) plan period, and finally, (3) conclusions.