Employee Benefits:
Trends in Retiree Health Coverage
T-HRD-90-51, Jul 27, 1990
Contact:
GAO discussed company-sponsored retiree health coverage. GAO found that: (1) only about 4 percent of all companies provide retiree health coverage; (2) companies with retiree health benefits were generally larger, employing 40 percent of private-sector workers; (3) about 9 million retirees are currently in company-sponsored plans, and about 39 percent of those are under age 65; (4) 64 million of 96 million private-sector workers do not have retiree health coverage; (5) since 1984, fewer than 1 percent of companies have terminated retiree health benefits, but companies are taking measures short of termination to limit retiree health costs; (6) companies have changed health plan provisions to shift costs to retirees or reduce benefits, and appear to be doing so at an increasing rate; (7) retirees currently receiving health benefits and active workers who may expect to receive them when they retire have limited protection from termination under current law; (8) retiree health coverage has become a major concern for companies because retiree health costs have risen and are expected to continue increase dramatically in the future; and (9) companies' annual costs will increase from over $9 billion in 1990 to about $25 billion by 2010. GAO believes that Congress may need to act to preserve company-sponsored retiree health benefits.
Nov 5, 2013
Private Pensions
Sep 23, 2013
-
Automatic IRAS
Sep 11, 2013
-
Delphi Pensions
Jul 16, 2013
-
Retirement Security
Jun 5, 2013
-
SSA Representative Payee Program
-
SSA Representative Payee Program
May 29, 2013
-
Social Security Administration
May 9, 2013
-
Federal Retirement Processing
May 8, 2013
-
Social Security Administration
Apr 26, 2013
-
Social Security Administration
Looking for more? Browse all our products here
Explore our Key Issues on Retirement Security
Explore our other Key Issues here
