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ONE-FOURTH OF EMPLOYERS OFFER HEALTHCARE BENEFITS TO PART-TIME EMPLOYEES

 NEW YORK, May 7 /PRNewswire/ -- In a survey of American businesses, only 26 percent of companies using part-time employees provided those employees with group health insurance, according to a newly released national study of 541 companies encompassing every major economic sector conducted by Coopers & Lybrand, the international accounting and benefits consulting firm.
 The study, Benefits Policies and Programs, found that while only 26 percent of companies provide group health insurance for part-time workers, 85 percent of this group provide them with the same group health insurance benefits offered to full-time employees. In terms of specific industries, more companies in the healthcare industry (31 percent) provide this benefit than companies in other industries.
 For purposes of this study, part time employees are defined as those working fewer than 1,000 hours per year and less than 20 hours per week. However, according to Iris Goldfein, a partner with Coopers & Lybrand's Human Resource Advisory Group. "The definition of part time employee under the Clinton Administration's efforts toward national healthcare reform will be critical for employers in certain industries that rely heavily on part time workers."
 Of the companies polled, 67 percent regularly employ part time employees. According to the study, a significant proportion of companies in the banking and finance, healthcare, and retail trade industries employ part time employees.
 "We are seeing an increasing use of part time and temporary workers in our economy. This seems to be indicative of a trend which may result in many workers not receiving benefits," said Goldfein.
 Group life insurance for part-time employees is offered by 23 percent of companies surveyed, with the healthcare industry comprising the largest group providing this benefit. Also, larger companies appear most likely to offer group life insurance with 38 percent of companies with revenues of $10 billion and over providing it to part time employees.
 Among those companies offering benefits to part time employees, 40 percent provide paid sick leave. Also, long term disability is offered by 13 percent of all companies, with the banking and finance industry leading all others in providing long term disability. Additionally, 38 percent of companies in all industry groups with revenues of more than $10 billion offer long term disability to part time employees.
 The study found that part timers are more commonly provided paid holidays than any other company benefit. Of those companies employing part timers, 68 percent provide paid holidays. Also, paid vacation is another commonly offered benefit with 66 percent reporting paid vacation benefits for part time employees.
 According to Janet Fuersich, director of the Human Resource Advisory Group survey unit, Benefits Policies and Programs is a survey of 541 companies ranging in size in terms of annual revenues from under $30 million to more than $10 billion. The industry sectors covered by the survey include durable goods manufacturing, non-durable goods manufacturing, banking and financial services, insurance, healthcare, business and personal services, technical services, not-for-profit, retail trade, gas/electric utilities, and other miscellaneous industries.
 Coopers & Lybrand is one of the world's leading professional firms, with offices in 101 U.S. cities and member firms in 120 countries worldwide. The Human Resource Advisory Group is ranked among the top ten employee benefits consulting practices in the world, and is the largest such practice to be associated with an international accounting firm.
 FACT SHEET: BENEFITS FOR PART-TIME EMPLOYEES
 67 percent of the companies surveyed employ regular part-time employees (defined as employees working fewer than 1,000 hours per year and less than 20 hours per week).
 Group Health Insurance
 26 percent of these companies provide part-timers with group health insurance.
 Of these, 85 percent provide part-timers with regular (comparable to that provided to full-time employees) group health insurance benefits.
 31 percent of companies in the healthcare industry provide this benefit -- a larger proportion than companies in other industries.
 Group Life Insurance
 23 percent of these companies provide part-time employees with group life insurance.
 Large companies appear more likely to offer group life insurance to all employees regardless of part-time status -- 38 percent of the companies with revenues of $10 billion and over provide this benefit.
 Sick Leave
 40 percent of these companies provide part-time employees with paid sick leave.
 Of these, 61 percent provided part-time employees with the regular sick leave benefit (sick time accrued at the same rate as full-time employees).
 Long-Term Disability (LTD)
 13 percent of these companies provide part-time employees with long- term disability.
 38 percent of these companies that provide part-time employees with LTD have revenues of $10 billion and over.
 Companies in the banking and finance industry most commonly provide part-time employees with LTD.
 Holidays and Vacation
 68 percent of these companies provide part-time employees with paid holidays.
 Of these, 75 percent provide part-timers with regular paid holiday benefits.
 66 percent of these companies provide paid vacation benefits for part-timers.
 Of these, 64 percent provide part-time employees with regular paid vacation benefits (vacation time accrued at the same rate as full-time employees).
 Retiree Benefits
 27 percent of these companies provide part-time employees with pension benefits -- typically the same benefits provided to regular full-time employees.
 15 percent of these companies allow part-time employees to participate in company profit-sharing plans.
 A larger proportion of companies in the banking and finance industries allow part-timers to participate on a regular basis (23 percent) and a reduced basis (52 percent) than do companies in other industries.
 Section 125 Flexible Spending Accounts
 23 percent of these companies provide part-time employees with flexible spending accounts.
 Of these, 95 percent indicated part-time employees were entitled to the same flexible spending account benefit as full-time employees.
 Coopers & Lybrand is one of the world's leading professional firms, with offices in 101 U.S. cities and member firms in 120 countries worldwide. The Human Resource Advisory Group is ranked among the top 10 employee benefits consulting practices in the world, and is the largest such practice to be associated with an international accounting firm.
 -0- 5/7/93
 /CONTACT: Doris Brown of Coopers & Lybrand, 212-536-2013, or David Fridling of Ruder-Finn, Inc., 212-593-6321, for Coopers & Lybrand/


CO: Coopers & Lybrand ST: New York IN: HEA SU: ECO

PS-OS -- NY034 -- 5954 05/07/93 12:16 EDT
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Date:May 7, 1993
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