Topic 2: Employee Benefits & Effect of Covid-19 Pandemic on Post-employment benefit Plans Over the last two years, the

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Topic 2: Employee Benefits & Effect of Covid-19 Pandemic on Post-employment benefit Plans

Over the last two years, the global pandemic caused a sudden global decline in the price of equity

securities and credit securities. Following this, many superannuation funds have shown negative

returns on investments globally. Additionally, the rising Covid-19 cases and lockdown measures

around the country and international borders have changed the way the people work and where

they work, profoundly affecting employee short term benefits and superannuation plans and other

benefits globally. Fiji was no exception to this. The first Covid-19 case, as discovered in Fiji in 2020, led to closures of all borders, causing a massive economic downturn resulting in declining

labour demand during the Covid-19 breakout period. While the government preventive measures

in lockdowns led to the closure of all non-essential industries, business and activity sectors, the

majority of the national employee population were at the height of losing their jobs. Despite

Employers' efforts to preserve jobs, switching activity lines to essential lines, translating into lower

employment rates and shortening and lowering the activity rates were effective efforts toward

employee care and maintaining the well-being of employees.

You are required to collate all information from [various online sources]–journal articles,

government, organizational & institutional sites, media & newspapers, and international &

national cases to discuss the impact(s) of such crises on the post-employment employee

benefit plans, highlighting how such events affect the wealth of employees and employers?

[Consider both defined benefit and defined contribution superannuation plans in writing your

research paper]