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JAL Group has implemented various personnel cost reduction measures since the mid-1990's ahead of other airlines, such as a reduction of regular pay increase, revision of various crew allowances, revision of the retirement benefit system, revision of the pension system and outsourcing. Virtually all the respondents said their companies offer some type of retirement benefit today, with the majority offering a 401(k) plan with matching contributions (65. Voit (CCH, 2004), is divided into two parts--valuing retirement benefit plans and drafting qualified domestic relations orders (QDROs) and non-Employee Retirement Income Security Act of 1974 (ERISA) plan orders. |
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