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Focus on . . . Employee Benefit Reform Proposals

Journal of Pension Benefits, Vol. 15, No. 1, p. 3, Autumn 2007

11 Pages Posted: 14 Jul 2009  

David A. Pratt

Albany Law School

Date Written: 2007

Abstract

Employers provide numerous different benefits to their employees, the most important of which are retirement plans and health benefits. American employers (public and private) spent $628.4 billion on retirement benefits and $596.5 billion on health benefits in 2005. [Employee Benefit Research Institute, Dec. 2006.] Despite this enormous expenditure, there is increasing concern about the deficiencies of the current system, including the disappearance of defined benefit plans in the private sector; the inadequate retirement benefits that will be received by many (if not most) employees from defined contribution plans; and gaps in retirement and health plan coverage, particularly among low-income and part-time workers. This article discusses some of the many recent reform proposals, and focuses on a comprehensive proposal published by the ERISA Industry Committee (ERIC).

Keywords: retirement plans, health benefits

Suggested Citation

Pratt, David A., Focus on . . . Employee Benefit Reform Proposals (2007). Journal of Pension Benefits, Vol. 15, No. 1, p. 3, Autumn 2007. Available at SSRN: https://ssrn.com/abstract=1434047

David A. Pratt (Contact Author)

Albany Law School ( email )

80 New Scotland Avenue
Albany, NY 12208
United States
518-472-5870 (Phone)

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