What's New

What's New - October 2001

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What's new at EBRI this month:

The executive summary of the October 2001 EBRI Issue Brief: "Contribution Behavior of 401(k) Plan Participants"

The executive summary of the October 2001 EBRI Notes article: "Two Views on Defined Contribution Health Benefits"

EBRI Releases 2001 HCS: The 2001 Health Confidence Survey (HCS) finds Americans are satisfied with various aspects of the health care they receive, but continue to be pessimistic about the future of the nation’s health care system, about their future ability to choose the doctors they want, and about their ability to afford prescription drugs.

The Basics of Social Security Updated With the 2001 Board of Trustees Report: The October 2001 issue of Facts from EBRI

The Basics of Medicare Updated With the 2001 Board of Trustees Report: The October 2001 issue of Facts from EBRI

Compensation Costs in State and Local Governments March 1991 to March 2001: The September 2001 issue of Facts from EBRI, a monthly publication providing timely statistics on a variety of employee benefit issues.

The executive summary of the September 2001 EBRI Issue Brief: "Individual Social Security Accounts: Administrative Issues"

The executive summary of the September 2001 EBRI Notes article: "Phased Retirement: Leaving the Labor Force"

Public and Employer Opinion on Social Security and Social Security Reform:  An EBRI Special Report prepared for the President's Commission to Strengthen Social Security by request of the commission

EBRI/ICI 401(k) Database:  401(k) Balances Changed Little For Participants With Accounts in 1999 & 2000; Results Vary Widely by Age.  Preliminary 2000 results of the EBRI/ICI 401(k) database are reported in an August 13, 2001, press release.  The full year-end 2000 results will be published in the November 2001 EBRI Issue Brief.  If you are interested in having the Issue Brief emailed to you in pdf format as soon as it is available, please email us at 401k2000ib@ebri.org

Complete 1999 Results of the EBRI/ICI 401(k) Database:  The February 2001 EBRI Issue Brief titled: "401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 1999," contains complete 1999 results.

Retirement Implications of Demographic and Family Change Symposium:  The Society of Acutaries will focus on those issues through sixteen papers that will be presented by authors from a range of disciplines from actuarial science to economics to law on November 29-30, 2001, at the Walt Disney World Swan Resort, Lake Buena Vista, Florida.

EBRI Research Findings for 2001:

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What's new in employee benefits:

  • HR News Online -- a daily update from the Society for Human Resource Management

The following items have been added to the General Accounting Office's Web site in Portable Document (PDF) format:

Long-Term Care: Implications of Supreme Court's Olmstead Decision Are Still Unfolding.   Testimony by Kathryn G. Allen, director, health care-Medicaid and private health insurance issues, before the Senate Special Committee on Aging. GAO-01-1167T, September 24, 2001.

Medicare: Payments for Covered Outpatient Drugs Exceed Providers' Costs.  GAO-01-1118, September 21, 2001.

Medicare Part B Drugs: Program Payments Should Reflect Market Prices, Testimony given by William J. Scanlon, managing director, health care issues, before a joint hearing of the Subcommittee on Health and the Subcommittee on Oversight and Investigations, House Committee on Energy and Commerce.   GAO-01-1142T, September 21, 2001.

Private Pensions: Issues of Coverage and Increasing Contributions Limits for Defined Contribution Plans.  GAO-01-846, September 17, 2001.

If a title link above no longer works, click here for the Find GAO Reports page and search for the report by report number,  title, abstract, agency/organization names, or subject terms.   Searches for reports can also be conducted in the General Accounting Office (GAO) Reports Online via GPO Access database.

 If your computer does not already have the free Adobe Acrobat viewer software to read PDF files, click here for the one-time download necessary to read PDF publications.

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(10/19/01) AARP has made available the AgeLine Database.  AARP describes this resource as “a searchable electronic database containing detailed summaries of publications about older adults and aging, including books, journal and magazine articles, research reports, and videos.  AgeLine includes material from 1978 on, with selected coverage of the years 1966-1977.”

(10/19/01) The written statements of the witnesses for the October 18 public meeting of the President's Commission to Strengthen Social Security in Washington, D.C., are available online.

(10/19/01) Greenwich Associates has released preliminary findings from its 2001 study of the U.S. investment management market.  For further information, go to “Research Highlights” at the home page and click on “More” under “Funds React To Altered Market Environment.”

(10/19/01) The OASDI Contribution and Benefit Base page has been updated to reflect Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) contribution and benefit base for wages paid in 2002 and self-employment income earned in taxable years beginning in 2002.

(10/19/01) The Bureau of National Affairs provides a collection of information and resources for employers as a service to help them handle issues arising as a result of the September 11, 2001, events.

(10/19/01) The Federal Reserve Bank of Cleveland has posted the following:

(10/19/01) The Profit Sharing/401(k) Council of America (PSCA) has released its “ 44th Annual Survey of Profit Sharing and 401(k) Plans.”

(10/19/01) The Internal Revenue Service has issued Announcement 2001-106, “Saver’s Tax Credit for Contributions by Individuals to Employer Retirement Plans and IRAs.”

(10/19/01) The U.S. Securities and Exchange Commission has released “ Report of the Advisory Committee On Market Information: A Blueprint For Responsible Change.”

(10/19/01) Click here for “Health Care Costs 2002 - A Watson Wyatt Worldwide Survey” of 200 companies.

(10/19/01) On January 3, 2001, Rep. Phil English introduced in the U.S. House of Representatives H.R.83, ERISA Guaranteed Benefits COLA Act of 2001.  A Bill Summary & Status is available.

(10/19/01) The U.S. Department of Labor’s Pension and Welfare Benefits Administration has posted “ Frequently Asked Questions and Answers” about the status and security of employer-provided health and retirement savings benefits for those affected by the events of September 11.

(10/12/01) The 2001 Employer Health Benefits Survey from the Kaiser Family Foundation and the Health Research and Educational Trust is available online.

(10/12/01) “Regulations governing America's workplace cost an estimated $91 billion annually, according to a new study, A Review and Synthesis of the Cost of Workplace Regulations, by Joseph M. Johnson, a Mercatus Center fellow.”

(10/12/01) Click here to read “Is Behavioral Finance a Growth Industry?” from the Wharton School.

(10/12/01) BenefitsLink has posted an onging compilation of online resources about EGTRRA (the Economic
Growth and Tax Relief  Reconciliation Act of 2001.)

(10/12/01) Stock Options Around the World, a publication of Towers Perrin, is posted at the Foundation for
Enterprise Development site.

(10/12/01) Watson Wyatt Worldwide has posted “ Survey Results: Employer Response to Call-Up of Reservist Employees and related HR Issues.”

(10/12/01) On September 21, 2001, Sen. Jean Carnahan introduced in the U.S. Senate S.1454, “Displaced Workers Assistance Act.”  A Bill Summary & Status is available.  On September 25, 2001, Rep. Richard Gephardt introduced in the U.S. House of Representatives H.R.2955, “Displaced Workers Assistance Act.”   A Bill Summary & Status is available.

(10/12/01) The Census Bureau reports that  “ Retirement Assets of State and Local Government Employees at Record High;”  Click here for the 2000 State and Local Government Public Employee Retirement System survey which “covers fiscal years that ended between July 1, 1999 and June 30, 2000.  The 2000 survey covered 2,212 public employee retirement systems.”

(10/1/01) The Investment Company Institute has published new Individual Retirement Account (IRA) numbers in “ IRA Ownership in 2001,” Fundamentals, September 2001.

(10/1/01) The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) have launched a new website, the Investment Adviser Public Disclosure, that will allow investors to electronically access information about money managers, financial planners and other investment advisers.

(10/1/01) A September 24, 2001, press release from Hewitt Associates states that “Hewitt 401(k) Index™ Shows that 401(k) Participants Respond to Market with Increased Transfer Activity.”

(10/1/01) Aon Consulting's September 19, 2001, edition of Alert explains “ Military Leave and Reemployment Rights.”

(10/1/01) The National Center for Health Statistics has posted the fulltext of Health, United States, 2001: With Urban and Rural Health Chartbook.

(10/1/01) The Department of Labor has posted a table of all 2001 state legislative action on unemployment compensation paid leave initiatives.

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Updated 12/17/01