Does the government backing of pension programs create a “moral hazard” What is a moral hazard anyhow?

What role do benefits play in a compensation package?
August 18, 2019
Discuss at least two areas, or policy changes, discussed in this course that you believe will have a significant effect on the field of public personnel management in the next 10 years.
August 18, 2019

Does the government backing of pension programs create a “moral hazard” What is a moral hazard anyhow?

Question Description

1) Does the government backing of pension programs create a “moral hazard” What is a moral hazard anyhow?

2) SINCE SOCIAL SECURITY WILL NOT BE FULLY FUNDED IN THE FUTURE AND COMPANY PENSIONS MAY BE IN DOUBT, WHAT SHOULD YOU DO TO PREPARE FOR RETIREMENT? IS THIS A UNION–MANAGEMENT ISSUE THAT IS EASILY RESOLVED, DOES IT HAS SOCIOECONOMIC IMPLICATIONS?

Thanks