Printer Friendly

Most workers would trade pension benefits for added health care.

CPAS in industry and public practice should caution their companies or clients against an attempt to reduce costs by trimming employee health benefits. According to a recent nationwide survey of 1,000 workers conducted by the Gallup Organization for the Employee Benefit Research Institute (EBRI), 60% of U.S. workers would accept reduced employer pension plan contributions for increased employer-provided health benefits. Only 36% would be willing to accept reduced employer-provided health benefits for increased employer pension contributions.

Thirteen percent of the survey respondents said they or their family members had passed up job opportunities solely because of health benefits. Of those who had, 58% said the reason was the prospective employers did not offer health benefits; 18% because the employer provided less coverage than a previous employer; 11% because the employer had plans that were too costly; and 10% offered plans that would not cover an existing medical condition.

In releasing the survey results, EBRI President Dallas Salisbury said, "This finding may be telling us most American workers are aware of the high cost of health care and consequently want to ensure they have the best possible coverage from their employers."
COPYRIGHT 1992 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Mar 1, 1992
Words:192
Previous Article:Thrifts solvent in 1991 third quarter.
Next Article:FASB DM on goodwill.
Topics:


Related Articles
Most workers would trade some pension for added health benefits.
Health care reform planning checklist.
Emerging opportunities in employee benefits.
Ask an FEI researcher about...Managing Health Care Costs. (Resources).
Total compensation: benefits are important.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters