Describe flexible benefit plans and discuss which types of benefits would be important to you in your first job after college and which will be important to you 20 years from graduation.

Flexible benefit plans allow employees to choose the benefits they want,rather than having management choose for them.Under flexible plans,employees decide - beyond a base program - which additional benefits they want.Student answers on what benefits will be important to them will vary but might include getting discretionary benefits in cash,health care benefits and child-care benefits right after college and then adding retirement plans,elder care,and additional life insurance 20 years from graduation.