Retirement benefits expected to decrease over next decade

Share this article:

As companies reduce costs, health and retirement benefits for U.S. workers will decrease over the next decade, especially for retirees, according to an American Benefits Council report. The holds true regardless of wage increases, the report says.

The percentage of companies that offered retiree health benefits decreased to 11% in 2000 from 20% in 1997, according to the report. Fewer companies over the next 10 years will offer workers older than age 55 health benefit extras for retirement, the report also notes.

American Benefits Council lobbies lawmakers on behalf of Fortune 500 companies. 

Share this article:

More in News

Long-term care leaders need self-awareness, partnerships to avoid the 'Founder's Trap,' CEO panel advises

Long-term care leaders need self-awareness, partnerships to avoid ...

Strong leaders must be vigilant or they could stifle a company's innovation and growth, a CEO panel said Monday at the 2014 LINK LTC and Senior Living Conference in Chicago.

Coaching sessions reduce hospital readmissions, study finds

An hour-long educational coaching session and up to three follow-up phone calls reduced readmissions by 39% among Medicare patients, a new study finds.

County nursing home weighs heroin addict plan

An Ohio county is evaluating whether 20 beds at its nursing home could be dedicated for heroin addicts during their withdrawal, according to local reports.