s it matter whether Social Security is considered a pension plan or an entitlement program? How does the FASB direct that Social Security be reported?...

Why does it matter whether Social Security is considered a pension plan or an entitlement program? How does the FASB direct that Social Security be reported? What unique issues does the federal government face in calculating the actuarial value of its Social Security obligation that a private corporation would not face in calculating the corresponding obligation of its pension plan? Do other countries have programs similar to Social Security in the United States? If so, select a country and compare and contrast its program to our program. If not, what workforce development program does your selected country utilize in lieu of a pension plan?