<P><STRONG>Older Americans Remaining in the Work Force:</STRONG> The percentage of older Americans (ages 55 or older) in the work force remained at its recent highs in 2011, according to a new report by EBRI. This trend is almost exclusively due to the increase of women in the work force; the male workforce participation rate is flat to declining. <A href="http://www.ebri.org/pdf/PR959.16Feb12.Lbr-Part1.pdf">Press release </A></P> <P><STRONG>Employer and Worker Contributions to Health Savings Accounts and Health Reimbursement Arrangements, 2006–2011:</STRONG> A detailed look confirms that older Americans (50 or above) spend less in retirement, and that home-related expenses remain the top spending category. But health costs are the second-biggest expense for older Americans, and data show that demographic sub-groups such as singles, blacks, and high school dropouts are outspending their resources in retirement, according to a new report by EBRI. <A href="http://www.ebri.org/pdf/PR957.14Feb12.Eld-Exp1.pdf">Press release </A></P>
Labor-force Participation Rates of the Population Age 55 and Older, 2011: After the Economic Downturn
WOMEN DRIVING THE TRENDS: The labor-force participation rate for those age 55 and older has remained above its level before the economic downturn. For those ages 55–64, this is almost exclusively due to the increase of women in the work force; the male participation rate is flat to declining.
TREND WILL CONTINUE: The recent economic downturn did not alter the trend of older workers increasingly being in the labor force; rather, it appears that this remains the trend, as more opportunities for older workers exist and there is a greater necessity for them to remain in the labor force to accumulate sufficient or adequate resources for retirement.
Employer and Worker Contributions to Health Savings Accounts and Health Reimbursement Arrangements, 2006–2011
HSA AND HRA DATA: This report presents findings from the 2011 EBRI/MGA Consumer Engagement in Health Care Survey, as well as earlier surveys, examining the availability of health reimbursement arrangement (HRA) and health savings account (HSA)-eligible plans (consumer-driven health plans, or CDHPs). It also looks at employer and individual contribution behavior.
EMPLOYER CONTRIBUTION LEVELS FALLING: The percentage of workers reporting that their employer contributes to the account was unchanged. However, among those with an employer contribution, overall contribution levels have fallen.
INDIVIDUAL CONTRIBUTION LEVELS INCREASING: Individuals with employee-only coverage increased their contribution levels, but those with family coverage did not. Persons in lower-income households did not increase their contributions; however, those in higher-income households did.
Figure 5 Figure 7 Figure 9 Figure 3 Figure 1 m Web Docu National o fE ofnd e r w a th ning ono e rk m efrs Business Group on t ul oe nw jts o h i tb h ments o s f a aM n r e a e rc m ofh pl te 2 o n 0 ya e 1v r 0 Health a ,c ila o th nb e tle r yi bu a are tn htd a io td To nc i fa o fwers e n f re $ b2 n e0 t Watson: d 0 fr o - one $ m 4 9 w the 9e ll iPathway n aint cnnu re oa a o se l ld d num e to Health and r fr o ab g m e e rs 1 . 4 pT rpe e he se r c rnt e e Prod c n ee d t nt tin o uctivity: e2 tche 2 o no p p em rre c2 ic v e011 io n d tus ob /w 201 esnt te we c u2 trio e n n nd . id N E Lab m ew pl or P oye -fubl orrce P an icad W tia ons a rtor icikpa nd I ert C ion R nt ont errat n ibut et es of S io itns t e ts he P o Hop eaul ltat h S ion A avinge gs a Percentage A A A An n n nn n n nu u u u of Indiv al Indiv al Indiv al Indiv al Employ iduals iiidual Contributions dual Contributions dual Contributions er Contributions With Traditional to to to to the the the the Employ A A A Accou cco cco cco me un un un nnt- t, t, t, t, Based 1 n H 2009 Staying@ o ot wal et v ae e nr rd,t W he 201 the or t k™ 1. rsea nd m AS m e u o o rvey tfr ng e ond ld w e R so re r fport, w o ke und orrs k e w w rin s it ww.to h in the fcar m e fwerswatson.c ir aily s st ing c so elv y ce tb io re an ing ge a,ls om/assets/pd in e om a tp he re lo p y la e rb e r o sce ro nt fnt o f /60 rr in c ib etut 3 ;he 1 rio a / To tn M he a le wers rrv c , e h itls nu -Watson a w pm p ee rbe a e rrunc ss - tStayi (h F ha a ig tng ur tn his e g-at e d 5 re )b: -m e W T tai w he ork- n e s e n See Paul Fronstin, “Can ‘Consumerism’ Slow the Rate of Health Benefit Cost Increases?” EBRI Issue Brief, no. Aon Hewitt: 2012 Hot Topics in Retirement: Wanin Figure g Con4 fidence and the Need for Continued Innovation— b c a a a a Figure Figure 2 6 A 55 an ccoun d O ts an lder A Ad A A ,m m Health Benefits Offered HDHP m m 201 o oH o o ng Persons ng Persons ng Persons ng Persons eal 1:t A h R fWith With t With With er eim Employ Employ t Employ Employ he bu E r ee- ee- ee- ee- sem cono O O O O or CDHP nl nl nl nl y yy y CDHP CDHP ent or or m Family Family , A i ,,2006–201 c D 2006–201 2006–201 r CDHP CDHP ran ow 1gem 1 1ntur en nt s, [Note: To order U.S. Government Accountability Office (GAO) publications, call (202) 512-6000.] 45% o Report. 2010 the ve rta re ll and n p pdf d a, r 201 t a ic s ip m 1. ao tTh io ren e o rp p ap e te o rc rrA tee uni n n atc n athe g ie ue al s d r fe a o Civ p rlo oor w ilian ld ti n e pg ro int w aLabor-Force Participation Rate o c rin okn e1 trr9 sib 9 e u 4 xis t,i o atn nd a o nd f the $1, the n 000 inc re is ro e r a a s m g eo r de r a t ehr t e w o ra ug ne s of 64 h ce 2sp 0se 1 itr0 y c. e fT o nh r t e itn he m 2m a 011 le t o ra (rtFi e em g u arin e in 247 (Employee Benefit Research Institute, July 2002). Survey Highlights, www.aon.com/attachments/human-capital- Civilian Labor-Force Participation Rate for Americans February 2012 • Vol. 33, No. 2 An and Household nual Civ and No Health Problems, ilian Labor-Force Participation Rate Income Under $50,000, 2006–201 2006–2011 of 1 50% 2006 2007 2008 2009 2010 2011 2006 40%–2011 American Females Age 55 and Older, by Age, 1975–2011 By Craig Copeland, Employee Benefit Research Institute f 4) to hllo e . lw ab so t 35 r he % fo s rc ae m teo U a-cscha um pe u lat tre end su e ffxc icie ep ntt foor r ad a s elig quht at e d e re cline sou rc in es 2 0 fo 0r 9 re be tifre orm e e in nct. re Aass ing man ay g a win o rk ine 2010. rs hav e Th fo eu nd, A Am ge 55 ericaor ns A Ovg er e , 55 and by Race/Ethnicit Older, by A y, March ge, 1975–201 1987–2010 1 2 consulting/2012_Hot_To 40% pics_in_Retirement_highlights.pdf 60% Paul Fronstin, “Health Savings Accounts a20 nd 06 Othe 2007 r Ac 20 co 08 unt20 -B 09 ase20 d 10 Heal 20 th 11 Plans,” EBRI Issue Brief, no. 273 70 80 48 % % % 39% 39% 37% 40% National Center for Health Statistics, Data Brief: Health and Access to Care Among Em 44% ployed ^ and 45% 38% f te he m a ro le a d tr e to n d a nd is ets hr se on ug tia h lly re u tir pe wa me rd nt a ics ro nsost t 20 a hl06 e w a ey n 20 s ti07 rsm e to i20 m o08 te h .p e 20r09 iod.20 10 2011 Employee Benefits 2006 2007 2008 2009 2010 2011 By Paul Fronstin, E 37%^ mployee Benefit 37% Research Institute 31%^ (Employee Benefit Research Institute, September 2004). 35% 45.8% Unemployed Adults: United States, 2009–20 201 06 0, 20ww 07 w.cd 2008 c.gov/nchs 2009 2010/da 20t11 a/databriefs/db83.pdf Centers for Medicare & Medicaid Services, Center for Consumer Infor 35%mation and Insurance 30% Oversight: 46% 33% 45.4% Kordu70 s,% 30 Cl %aude L. Trustee Handbook: A Guide to Labor-Ma 34%^ nagement Employee B34%^ enefit Plans. Seventh I In nd triv od 35id %u u ct al C ion o ntributions 32% 32% 40% 60% 44.8% 33% 31% 33% 3 31% 50 P%ension Income —Those individuals age 55 or older with pension income in 48%^ their own name have a See www.mercer.com/press-releases/1400235 32% 44.7% Essential Health Benefits: Illustrative List of the Largest Three Small Group Products by State 27% 37%^ 37% 44.1% 30% Edition. IFEBP members, $65; nonmembers, $87. International Foundation of Em 27%p ^loyee Benefit Pla 44. ns 3%, 43.8% As the Baby Boom generation ages, so has the American work force. The number of workers whose age is Plan IndivSponsor Council idu 30 a% ls’ contributio of nsAm to erica: HSA p403 lans (b) haPlan Response ve increased. 29% B to etw Curr een ent 20Conditions 06 and 201 1, 45% the percentage of Introduction lower 60 44 lab % %or-force participation rate than those without this income. In 2010, 24.4 percent of those with http://cciio.cms.gov/resources/files/Files2/01272012/top_three_plans_by_enrollment_508_201 29% 20129% 25.pdf 4 35% 43.0% 30% 28% 43.7% 42.8% 1 Publications Department, P.O. Box 68-9953, Milwaukee, WI 53268-9953, (888) 334-3327, 43. op 0%tion 4; fax: In 2001, employers formed a coalition to report 28% hea 28% lth c 28% are provider quality measures, and today the group is 50% 42.5% 25% 24% t ind ww ypiv ic w.psca.org id ally ua as ls s w oit ch /up iat 24% eem ld oads/ pw loityh e p e re d-fo t /r inly research/ em ce on vte r (a 5 20 g 5e 11 an c/ o d 201 nt orld ib 1_ eut r) 403 i ng has _b no al _t_ s hResponse o ing sh tarp o aln y _Su iH nS cA re rvey_FI as dee c 26% d re .42. a NAL.p s T 3% e hd is fh rdo as fm o2c8 c u pre re rcde nt at ta o 43. t i8% m e 42.2% 27%^ E Labor- mployers ha force ve been P intar eresticipati ted in bringing on Rat as42. pe 1% ct 42. s 0% oes f cons of um th erism e P intoopulat he41%^ alth 41% pla40% ns ion Age 55 for many years. A s far pension income were in the labor force, compared with 50.5 percent of those without pension income (Figure 41.8% 42.9% 30%^ 42.8% 42.7% ( c262) ompo 36 sed n 40 4%-1818, ot on ly e o -m f em ail: pl bo ook yerss bu toret@ a 22% liso feb cp o.or nsu gm , w erw gr wo .iu fe ps b a p.or nd o g/rb ga ook nizsetd l ore a bo r (see 30% 42% 50% 24% whe 6 n w 25 o% rkers are assuming m 22%ore respons 41.ib 4%ility for funding their retirement exp 41.1% enses, as pr 42. iv 4% ate-sector 11 perc 30e %nt (Figure 5). In contrast, the percentage contributing $1,500 or more increased from 21 percent in 40.9% E Congressional ndnotes Budget Office: 5 b). ack T as 25 he % 1 9 ra 7t8 28% e, fto hre tyho ad se o pw te itd h S pe ec ns . 1 io2n 5 inc caf oem te eri he a p ld lan stse a an dy d a flte a xirb olund e sp e 2n 3d p in eg rc ac encto fu ro nm t 21% s .1 M 98 o7 re t o re 2 ce 0n 0t5ly , ,w ith a 23% 40.5% and Older, 2011: After the E 22% conomic Dow 40.n 4%turn, p. 2 www. 40 h% ealthcaredisclo 20% sure.org/). 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Employm 17% e^nt-based retire 17% e health insurance 17% is increasing 38.6%ly scarce, and those who do have it are Health Insurance 30% 38.3% 28% 39.8% 2011, ian ntd ro D d al u w c las h eid l e S ac al th ic se o b u u trn re y, tnd - b Ra efsti o errd e t m ho he en s ae t lt S h w ep it cla u ho rns ity ut— ip nae th ns co eio m Un b nin iinc te ad to io S m n ta eto e w fs a he (sW a up a ltsh h wip a nr la gt dn oa sn f t ,w D eit r C h it :s E d e lo m dw pl uc op ty ib o eint le e s B in en of 1 ef a9itt9 R le 4.es a sea t $r1 ch ,0 00 for subscription. Periodicals postage rate paid in Washingt on, DC, and additional 21% mailing offices. POSTMASTER: Send address 16% 17% 21% 30% 16% 16% Research Institute, August 2003). In 2005, employers started to foc15% us on value-based insurance designs that seek 37.7% 37.7% A www.rwjf.org/files/r E mmploy ong persons er witand h efsearch amily Worker / c73812. ove thrag559 e, c8.qs.individualma oContr ntribution ib levutions els nw dates.pdf ere unc to ha ngH edea in 2lt 01h S 1, andav , in ings contras t to 15% 19% likely f38 ind % ing 37.3% that their 37. sh 5%are of that cost is 19% increasing. changes 30%to: EBRI Notes, 1100 19%13 St. 37.2%NW, Suite 15% 878, Washington, DC 20005-4051. Copyright 2012 by Employee Benefit 20% 37.1% e G In m o slti p utu lb o,te ye Ira 15 ,e 2006) % -o M n.l,y an . cIo n d v 1 e Rr 9o ag 8b 7e e , 2 rt an a 8.d K 5 per .t ax Ch- ce p en v re lo tf o w er fe w re . 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A 1 sp pe ern ceP nub t. lishers, 7201 McKinney Circle, P.O. Box 990, Frederick, MD us Accounts e to pay their o a ut-of nd H -pocke19% ealth Re t health care exp imburs ens 15%es. A feement A 36. w1% employers firrrang st startede oments ffering acco, 200 unt-base6– d 35.8% 20% 19% 15% 12% Society of Actuaries: How Deep Is the Hole 35. ? 4% Recovering from the Market Downturn of 2008 justified 20 by % the costs (see Michael E. Cher 14% new, Allison B. Rosen, and12% A. Mark Fendrick, “Value-Based Insurance Paper] 36 ww % w.cbo.gov/ftpdocs/126xx 35./doc 3% 12698/2012-04FedBenefitsWP.pdf Conse 20 q 15 % ue % ntly, more workers are finding it nec 14% essary to remain in the work force to continue to accumulate making any cont 18% ributions was unchang 35. e1% d at 10 percent in 2011. The percentage contributing less than $500 17% 10%13%^ 14.7% 36.9% 10% 36.4% 110% race/ethnicity group e16% xamined (Figure 6). White Americans and tho 11% se in the “other” category have had 14. 6% 12% 21705 he alth -p 97 la27, ns in (800 200 ) 12% 1 638 ,^ w-he 84 34.n 9% 37 the , w 34. yw 7% bw eg 12% .a asn ^pe to np oub ffelis r 35. he he 8%r as 35. lt.h c 9% orm eim burse15% me15% nt arrangements (HRAs). In 2004, they 10% 35.6% 12.8% 2 12%^ 10% www.soa.org/l Design,” Health ibrary/mo Affair 35.s 4% W 11% e nb ogr Exaphs/re clusive (tJ irement-systems/ret an. 10, 2007): w195irement -w203).- secu 9%rity/mono-2011-mrs12-hoyem-hu- See Ruth Helman, Craig Copeland, and Jack VanDerhe14% i, “The 2011 Retirement Confidence Survey: Confide 9% nce 10% 35.0% 13% 14% 14% r w 2011, eas tir e9m peenrc t e s p n a. v t,i 9 nw g h si la en td h/e o rp teorc h ea nvte ag aec c ce osnst ri to b u etm inp gl o $y1m ,5e0n0t -o br as 9% m eo dre he w aas lth 5ins 4 p ue ra rc nc en et. T(h Fe ig 2011 ure 6)R . eAt ir gere maetn etr 34.9% 35.0% 2 10.0% 8%^ The Employee Benefit Research Institut 9.3% e (EBRI) was founded in 1978. Its mission is to 14.0% higher rates of labor-force participatio 12% n in the most recent years. Black Americans’ rate was just below that of 12%12%12% 8.2%12% 9% 34% 7.5% 13.8% starte10 d 10 % o %ffe 7.6% ring 7% hea12%^ lth 7% plans with health savings accounts (HSAs). By 2010, 16 percent of employers w 7%ith 10% 11%^ 7.6% 11% 11.5% 7% Financial Industry Regulatory Authority: 11% Regulatory Notice 12-02: Advertising Regulation: FINRA 7% Provides paper.pdf Drops to Record Lows, Reflecting ‘the New Normal,’” EBRI Issue Brief, no. 355 (Employee Benefit Research 6% Co 5 nfidence Survey (RCS) founcontribute to d that a gro, to encourag wing percene, an taged to enhanc of workerse the developmen expe 9.4% ct to retiret of sound empl at later age 6% s ^booytee ben h for efit percentage of individuals with family coverage than with individual coverage contribute $1,500 or more, 8.8% U Mo .S. rG e o info v 10 e%rrnm mae tint on A ac bc oo ut unt tha eb s ilur ity v 33. e O 4% 8% yfsf ic ca en . H be e al fotund h Ca 8. ire n 6%P Co aulv e Fr ro ag ns et:i n Jo ab nd L o Sc ak ra an Co dl litns he, P “T ohe ten 2tnd ial A Im nnua paclt of the white A 5% me 8.r2% icans, with Hispanic Americans having the lo 9%^ west labor-force participation rate. In 2010, the 8.1% 7.3% 7.5% 7%6% 10–499 workers 5% and 23 percen7%^ t of employers with 500 or more workers offered either an HRA or HSA-eligible 6.4% 5% 7.4% Gui Who we are dance on Application of Communications Rules to Disclosures Required by Department 2 of Labor 5% 5.7% programs and sound public policy 4.3% through objective research and education. EBR 6% 6%^ I is the only Institute,5% March 2011). 4.8% 4% 3.9% 5.3% 4% 4% 5% 4.7% 4.5% 5% 4% 5.4% 5% w thhic e re h as is oenxp s e dc etsecd ri 3% b be ed c aab uso ev d ee an duc d/to ibr le bse 32. c a 8% a rus e hig e ohe f arn fo in r cfraem as ily ed c o dv ee sir raeg t eo . cont 3.inue 6% to work. As a result, 5.3% the 32 5% % 3.0% N EBRew I/ 3C0% om P moublicatio nwealth Fu2. n 5% d Cons nsu and I merism in H n eterne alth C 2.7% are St urS vey ites , 2 2.0 9% 06, : E p a. rly1 E7 xp erience With High-Deductible and Patient Protection and Affordable Care 2.2% Act. Order from GAO. 3% 4% 3% participation rates increased for each race/ethnicity category. 0% p Towers lan. Em Watso ployenrs : h ave also tak privat en a e, nonprof broader iap t, nonpar proach tisan to , cWashington, DC-b onsumer engage ased organi ment thro zat ug ion com h vario m uitted exclusivel s o 2% ther y to www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p125393.pdf 1%^ 0% 3 American labor force is undergoing a significant period of aging that appears likely to continue. 2% Consumer-Driven Health Plans,” EBRI Issue Brief, no. 300 (Employee Benefit Research Institute, December 2006); The labor4-force participation rate is a measure of those in a particular group working or actively pursuing work, public policy research and education on economic security and employee benefit issues. initiatives. HDHP or CDHP Offered Not Offered a CDHP or HDHP Don't Know if CDHP or HDHP Was Offered 0% 30 0% % 0% Income Differences : Generally, lower-income persons with HSAs are less likely to make a 0% Educational Level —EBRI’s member The labor-forcship includes a e participation cross-section of rates of thospension funds; businesses; trade associations e age 55 and older showed relatively ; Paul Fronstin and Sara R. Collins, “Findings From the 2007 EBRI/Commonwealth Fund Consumerism in Health Care which is diff 19 er 87en 19 tNo f 88r thi o 19 nm g 89 th 19e 90sh 19a 91 L re e o s 19 s th 92 f t an 19 h$50 o 93se a 0 1994ct19 ua 95ll$500–$999 y 19 w 96o19 r Age k 97 inG g w 19 roup 98h 19 o99 f $1,000–$1,499 a20 ll i 00 nt20 o 01 a s 20 pec 02 20 ifi03 $1 c c ,50 20 a04 0 t or ego 20 m05 o rry e. 20 06 2007Do 20 n't K 08 now 2009 2010 Global Pension Noth Assets Stu ing dy L2 es0 s 1 th2 an, $50 www.tow 0 e$500–$999 rswatson.com/ $1,000–$1,499 assets/pdf/626 $1 7/ ,500 Gl or ob More al-Pension Don't s-Asse Knowt-Study- Less than $200 $200–$499 $500–$749 Age Group $750–$999 $1,000 or More Don't Know HayGroup: What Are the Latest Trends in Executive Benefits?—Executive Benefits Survey Results Pension Plans/Retirement Nothing Less than $500 $500–$999 $1,000–$1,499 $1,500 or More Don't Know c To his nt ri ab rtut ic Source: EBR io len etxa o m tI/C he ine ommonw asc c the o ealth Fund un m t o tha st C onsumerism n rehig cen he t U r in-. H inc S ealth C . o Cm eans e re Surv us pe r ey B s, o ur 2006 ns ea .and 2007; EBR u F if dta ete an op n I/M ela G rc Ab e Co nt onsumer r- foofr c p Engagement e e rp sart ons ic iin in H pa ealth C ho tious n are Su e aho mo rv ld ng eys , w Ait m h er le icsa sns Elabor un XE ions; h CUealth T car I VE e providers and insur S U M M ers; AR government org Y anizations; and service firms. s Sm ural vey l c,h ” an EBg Re Is I ssu from e B 1r9 ief 87 , – n2 o0 .55–59 1 315 0 a( cE ro mspl s o ey 60–64 aece B h een duc efa itt R io 65–69 es n Ethnic a ea l a rc tG t ha r I oup inm nsti 70–74 e tu ntte, g M roa up rc h ( 2 F 75 ig 0 +0 ur 8e ); 7P)au . H 65 l o F +w roe nv se tirn,, t“he Fin la dib no gs r- 55–59 60–64 65–69 70–74 75+ 65+ 4 201 This2.p repo df 2008–2011. rt presents findings from the 2008?2011 EBRI/MGA Consumer Engagement in Health Care Survey www.haygroup.com/downloads/us/What_are_the_latest_trends_in_executive_benefits.pdf See U.Source: S. DeEBR par I/C tm ommonw ent o ealth f La Fund C bor,onsumerism Bureau o in Hfealth C Labo are Su r St rv a ey ti, st 2006 ics, and 2007; EBR “Labor FI/M orG cAe C S onsumer tatistEngagement ics from t in H he ealth C Cur ar re Su entrv P eyo , pulation Source: EBR a I/Commonwealth Fund Consumerism in Health Care Survey, 2006 and 2007; EBRI/MGA Consumer Engagement in Health Care Survey, a Cg ee rulli 55 Aasnd Ts ro aditional = coia ldte er sH . in ealth Ce 2r plan w 0u1ll1 i i, th Q in no uc a deductible lud ntita ing tior v te h <$1,000 (indiv e U p tre da nte ds i: dual), <$2000 (family af Re tti er retme he n et c).o M naorm keic ts re 2c 0e 1s1s.i o $1 n 5 th ,0at 0 0s.t a Crt er eulli d inA s lat so ec ia 20 te 0s 7,-e Ina crl .,y t han $5 Source: 0 Source: EBR ,000 EBR in I/CI/C in ommonw ommonw comealth eealth Fund dFund C id no onsumerism Ctonsumerism contrib in H u inealth C H te ealth C to are Su t ahe re Surv rv ey ac , ey 2006 c , o 2006 un and 2007; EBR and 2007; EBR t in 201I/M 1 I/M G (A F G ig C Ao Cur nsumer onsumer e 7Engagement ), Engagement compin H ar in H e ealth C d ealth C wait re Su are Su h 1 rv0 ey rv , 2008– ey pe , rcent of 5 f fr oorm ce tp he a r2 ti0 c0 ip 8a E tio BR n I rC ao te ns s um fore trho Eng sea w ge itm h ea nt Wh hig in itehe Hera le lth ve C Bl l aa o rce fk e Sd ur uc ve ay tio ,” Hin E spB s ani ho RcI I wssu ed e B an Ot rup ief her,w naor.d 3 t2 r3 e ( nd E m th pl ao t yfe la e B tteen neef d ito ut 2008–2011. b 2008–2011. and the 2011. 2 HDHP = High-deduc 006 and 200 tib 7 le E health BRI plan /Co wim th deduc monw tible e $1,000+ (indiv alth Fund idual), 2000+ (fam Consume ilyr ), is no m ac cin ount. Health Care Surveys. It examines the 2008–2011. a Survey— aCivilian Labor Force Participation Rates,” available at www.bls.gov/data/home.htm See also Craig a cCDHP = Cons CDHP = Cons aSource: U.S. D um um epartment er-driv er-driven en of health health Labor, plan plan Bureau EBRI’s work advances knowledge and unders w wiith th deduc deduc of Labor tible tible Statistics, $1,000+ (indiv $1,000+ (indiv "Labor iidual), $2,000+ (fam dual), $2,000+ (fam Force Statistics from ily ily), w ), w the iith th Cu ac ac rrent c count. ount. Population tanding of emplo Survey--Civilian Labor y Force ee benefits and their Participation One Exet Source: CDHP = Cons er PlU a .S. D za,epartment um 69 er-driv 9 B en of ohealth Labor, ylsto plan Bureau n S wit th deduc . of, Labor Botible sStatistics, to$1,000+ (indiv n, M "Labor A 021 Force idual), 16, Statistics $2000+ (fam (617) from ily 437 the ), wC ith - u00 rrent acc84, ount. Population e-ma Surv il:ey c --C am ivilian ark Labor eting Force @ Participation cerulli.c om, p 2008 ersons an CDHP = Cons d w CDHP = Cons tithh ere $5af 0 um ,t0 e um er-driv 0 rer-driv . 0T in en he en health ho health lau b plan soe plan rho - wf ith o wld ir th deduc c deduc e inc p tible o a tible m r$1,000+ (indiv tie $1,000+ (indiv c ip waho tio n d idual), $2,000+ (fam id ir dual), $2,000+ (fam a no te tm ce oa nt sur rily ib ), w e ilyus ), w t i th e tihe th ac (c ac F ount. ig cfount. rur ace tio 8n ). oFfo ind r the ivi dlo ua wls e rw -inc ithin oma e s gp ro eup cifi,c Resea Health rch I Care nstitu Changes te, Novem Ahea ber d: 200 Su 8); rvey PauR l e Fport, ronst in ww , “F w.tow indings erswatson.com/assets/pd from the 2009 EBRI/MGA f/ C 562 onsu 2/m TW er-surv Engaegy- ement in in the m ^ o Dis fference from prior t recent yeya ear rsshow inc n lud is statistica ing a lly d significant ecline at f p o =r 0.05 tho or better. se with graduate and professional degrees in 2010. The Institutional ^ D Rate," ifference from prior R www. etirement bls.gov/dy a ear ta/ hInc show ome.o n htis statistica me m Counc lly significant il: Retirement at p = 0.05 or better. Income in DC Plans: What Our Experience with DB Plans Labor ^ D - ^ Rate," iD fference from prior fior fference from prior www. ce b Pa ls.gov/d yr ear a ytt ear a/i h show ci o show mep n .hn is statistica ta m is statistica tion llylly R significant significant ate at s at p of p = 0.05 = 0.05 t or better. or better. he Population Age 55 and Older, 2011: availabilit ^ y D ifference from prior oSource: f HRA Employ and ee y ear H Benefit SA show -R e n esearch lig is statistica ible Institute p llyla significant ns esti mates (co at ns from p =u 0.05 m 1987–2011 e or better. r-driv March en Che urrent alt Population h plans Surv , o eyr. CDHPs), as well as employer and importance to the nation’s economy among policymakers, the news media, and the public. It Copeland, “Labor Force Participation Rates of the Population Age 55 and Older: What Did the Recession Do to the g wrw oup w.c (ein rulli. this co cm as e those 55 or older) who are working or actively pursuing work. This rate reflects both the the percentage contributing $1,500 or more was unchanged between 2010 and 2011, although over the long Health Care Survey,” EBRI Issue Brief, no. 337 (Employee Benefit Research Institute, December 2009); Paul report_HC rates for tho -Ch se anges-A with lohea werd_ le101 vels41 of1.p edduc f ation showed a flat-to-slight downward trend. Overall, as the Tells AfteUs, r t htt he p E ://iri con council.or omic Dow g/docs/Volume does this b nturyn co % , By 20 nducting 3,% Craig2 Co 0and p N pu elm anber% ublishing policy re d, EBR20 I 1.pdf search, analysis, and special reports on individual contribution behavior. What we do 3 Trends?” EBRI Notes, no. 2 (Employee Benefit Research Institute, February 2011): 8–16, for an earlier analysis of d teers m ir eit ah nd as/ o bre e the n t r ne end eding of hig indhe ivid r ua (itl sw ta os w 1o 6r k p ein rca e nt pa in rtic 2ul 00 a6 r g ar nd oup 30 . percent in 2011). Among the higher- Fronstin, “Findings from the 201emplo 0 EBR yIee benef /MGA Cio ts issues; holding educational br nsumer Engagement in Healiefings for EBRI memb th Care Survey,” EBRI ers, congressional and Issue Brief, no. worker’s educational attainment increased, their labor-force participation rate increased. For example, in Within each age group among those age 55 and older, labor-force participation rates increased from 1975 to M thu ese ir, d Da an taa . M., and John A. Turner. Imagining the Ideal Pension System: International Persp thectives. $40 WOMEN DRIVING THE TRENDfederal agen S: The labcy or s -fto aff, and th rce partie news cipatiomedia; n rate and sponsoring public opinion survey for those age 55 and older has re s on emplo mained yee Transamerica Center for Retirement Studies: Women: Let’s Talk About Retirement—The 12 Annual income group, the percentage contributing $1,500 or more increased from 47 percent to 55 percent between Insured 352 (Empl Retir oyee e B ment enefInstitut it Reseae: rch Retir Inste itment ute, D R ec eadin ember ess 20 of 10Generatio ); Paul Fro n nX: A stin, n“ FOvervie indings f wr o om f the the 2 Next 011 Gen EBRe I/ration MGA of 2010, 62.1 percent of individuals with a graduate or professional degree were in the labor force, compared 2010. However, in 2011, among those ages 65 years or older, the labor-force participation rate continued to c Tlo he th, fir $ s2 t 0 s epca tio pe n r u +s e Ss& a Hnnu . Wa .E li.ze benefit issues. Udp jdoahn ta I ons n tla itEBRI’s Ed b ut oe r- ffo orc r E em uc pp aation and Re lo rty icm ipe ant tio Re n fs rse o ea ar m r c cth h, he F A und C ttun: rr(EBRI-ERF) performs ePnt ub P lic oa ptula ions tio D n eSpuarrvte the char m ye (nt CP , S 3 it)0 able ,0 , 5 a C bD ovH e P its E lelig vel ibilit beforey t he economic downturn. For those ages 55–64, this is almost exclusively due to the 2010 Transamerica and 201 1, Retirement after fallinSgu rvey, from 54 https://www.ta- percent to 47 percent between 2009 and 2010. C o Tns heum U.e Sr. E Cng ens aus ge m Bur ent ea iu n c Hoend altuc h tC sa trhe e S C ur ur vr ee ynt ,” P Eo Bp Rul I I assu tion e B Sur rief ve,y n (o. CP365 S) fo (E r m the pl oB yur ee ea Bu en oef f L ita R bo ese r Satracth is I tin cst s b ity u te, Retirement Investors, https://www.myirionline.org/eweb/uploads/research/Gen%20X%20FINAL.pdf with 23.1 percent of those without a high school diploma. rise (Figure 2). In contrast, the rates declined for those ages 55?64. For those age 65 and older, the rate educational, and scientific functions of the Institute. EBRI-ERF is a tax-exempt organization Figure Figure 3 7 S. Westnedge Ave., Kalamazoo, MI 49007-4686, (888 Figure 2 Figure 10 Figure 6 ) 227-8569 or (269) 343-4330, fax: (269) 343-7310, available from the Bureau of Labor Statistics websitFigure 8 e. However, these data provide only an overall picture, Figure 4 Figure 5 increase of women in the work force; the male participation rate is flat to declining. A retirement.com/resources/TCRS ccording to the 2011 EBRI/MGA 12t Co hAnnu nsumalSurvey er Engage Wom men etnRe in H port.pdf ealth C a re Survey, 8.4 million adults ages 21? iD nec ter em view ber in 2011) g abou . t 57,000 households and asking numerous questions about individuals’ work status, employers, supported by contributions and grants. increased from 13.7 percent in 1975 to 17.9 percent in 2011. For those under 65, the rate reached 73.3 per- Civilian A Labor-Force Participation Rate nnual Civilian 4 Labor-Force Participation Rate for Americans A of ge 55 or Over, Percentage A An nn nu ual Indiv al Indiv of Indiv iidual Contributions dual Contributions iduals With Employ to to er the the Contribution A Acco ccoun unt, t, A An nn nu ual Employ al Individual Contributions er Contributions to to the the A Accou ccoun nt, t, p wub ith lic fe aw tio s ns pe @ cif up icCiv j o dhn. em ilian o orggr,aLabor-Force Participation Rate p whi wcw d .up eta jo ils hnins . Int .oord rge r to examine ad for ditA iom nal erica demn os grap Agh e ic55 treor ndOv s ofer th , e U.S. Health Differences: Unlike in past years, when it was found that persons with a health condition Internal Revenue Service: Interim Guidance on Informational Reporting to Employees of the Cost of Their 6 in4 c,o m or e, 7 a pned b rcean sitc o dem f the o gr po ap ph ulia c c tio hn, ar aw ctaer s ie stnr ics o. lle Th der in efa o rC e, D t H hP e C . APn S pr add ov itiio de na s l det 7.a 3i lm ed i illio nfn orr m ea pto io rtne a dbo tha utt w the ork yer w se re 6 a a a American by Males Educational Age 55 and Older Level, March , by A1987–2010 gae, 1975–2011 cent in 2010 for those ages 55–59 (up from 65.1 percent in 1975), while among those 5 ages 60–64, the rate Individuals were defined a A Am m s to ho o A ang Persons ng Persons v m A inccou o gng Persons a hea nt, lth A pr m With With o on blWith em g Employ Employ Persons With Employ if tFamily hey ee- ee- said CDHP O O th nl nl ey y y w or or ,er2006–201 Family Family e in fmen air o CDHP CDHP r t po -1 or health or had one of Among Persons With Family CDHP, 2006–2011 T Con RENcl D W us ILL ion CON TINUE: Tby he rGender ecent eco and Pension Income, nomic downturn did notMarch 1987–2010 alter the trend of older workers increasingly p U.S. wo ep re ula Burea slig tioht n,u ly t o he m f o Labor sre ec o lik nd e Statisti ly s e th ctaio n cs, n tho us Program s ee s w da ittho a Pfut e ro rspectives: m one the to M co ar nt c O h rn ib 2Healt ut 01 e1 t o S h up a Bn e pne H leS m fit Ae , nt Cos in t2 o t0 s t 1by he 1 tW C he PaS rge e . w Category: as no diff e “Cos renc ts e in 70% Group 90Hea % lth Insurance Coverage [Notice 2012-9] www.irs.gov/pub/irs-drop/n-12-09.pdf e frlig om ib a le br fo ora d an sa H m Spl A eb o ut f A dm ider no ica t n ha s, m ve asku in cg i h a t po n ascsi cb olun e tto . e Tst hus abl , ish ov a er c alol,n si 15 st.en 8 m t a ill nio nu n aa l a dult nds t ia m gel ey s t 2r1 en –64 d aw crio th ss EBRI Issue Briefs are periodicals providing exp a ert evaluations of employee benefit issues and th 55% Based Health Benefits and and Health Problem, 2006–201 CDHP, 2006–201 1 1 reache 80 d% 55.2 percent in 201 and Household 0 (compared witIncome h 48.2 pe$50,000 or rcent in 1975 More, 2006–201 ). Yet, in 2011, t1 hese rates decreased to P eie gh ns t c ioh nr o Dnat ica hS ea olu th rc c eo , nIn dic ti. o4 n0 s ( 1k a rA th vre itrag is, a est s h Bm ook a, em . 12ph y Esdem itio an o . r$95 6 lung+ di Sse &a Hs.e, P c en an sicoer n , d Dat epr a ess Sou iorc n,e di , In abet c.,es, 30 h 5ea rt 60% being in the labor force; rather, it appears that this remains the trend, as more opportunities for older and Participation Increase for Higher Paid Workers,” T the he lik lae bliho or-fo od rc o ef pcart ont icriib pat utiing on ra ttrends, as well ot e the fo r ac th co ount se as cr ag by e itical analy he 55a an lth ds o ta sld es of tus er .h emplo as Ho w ree y m v ee benefit po e airn , etd ho ab seo w v licies an e it h itshe lea d proposals. vlt eh l b pe ro fo bre le m EB th se RI Notes is a numerous worker characteristics and the characteristics of their employers. 63.2% p Our rivate insurance, representing 13.1 percent of that market, were either in a CDHP or an HSA-elig 63.1% ible plan 65% 51.1% 60% 80 60% % 2006 2007 2008 2009 2010 2011 62.1% 61.7% 73%^ 7 at2t.a8 c kp 80 o e% r rc o etn hter a h nd ea 5 rt4 . di 5s p ea ese, rce n ht igh , re cshpoelest ctiv er eo lyl o . r hypertension, high blood pressure, or stroke)50.3% . West Chesapeake Ave., Suite 205, Baltimore, MD 21204, (888) 401-3089 61.2%or (410) 296-1081, e-mail: monthly periodical providing current information on a variety of employee b 50.2% enefit topics. w Internation orkers exis al t Monetary Fun and there is ad g : rT eh ae te Chall r neceen sg se ityo ff oPru tbl he ic mP e to nsion rema Rin eform in the in A lab do vanc r fored ce and to a 54% c Em cum ergi ula ng te Economies sufficient 2006 2007 2008 2009 2010 2011 c e www.b o co nt nro ib m ut ls.g ice d ov so lig w /op ht ntly ub/ urn m p . o ersp Fro er tt ectives/ ha hons e tho ag p se e ro s w g5ram_ it 5ho –6ut 4p , erspect he this al tih s b p ive e ro ing s_vol3_issue7.pd ble d m riv s.e A n m ao lm ng o sp t e fe rxc solus ns iw veitly ho buyt the hea inc lth rp eraosb ele om f s w , o m e n 59.8% 53% 70%^ but had not opened the account. When their children are counted, about 21 million ind 55%iv ^ iduals with private Overall 59.0% Annual Labor-Force Participation Rates 6 50% 54%^ 70% Pension income refers to annuEBRI’s ity pay mFundamentals of Em ents from defined benpl efoyee Benef it plans. Thi it Programs s does no 51% t inc offers a straightfo 54% lude any lump- rward, basic su 50.5% m info@60 40 %1ksource.com, www.401ksource.com publications 2006 20 2007 06 2008 2007 2009 200820102009 2011 2010 2011 47.1% o ww r ad w.imf.org equate re /externa sourcel/n s fo pr /pre p/e tire ng m /2 en 011 t. /1228 200611. 2007 pdf 2008 2009 2010 2011 50.3% 46.8% 50%^ 50% 56.3% 57.0% 48 in tp he er w ceonrtk cfo on rc tr ei; b u the ted m $1, ale50 p0 aro tic r ip ma otrio e n inr a 201 te is 1 ( fla Fitg u to re d 9) ec.lining Just . oH vow er o en ve e-rha , alf m (on 54g pte hros ceent a) 56. g o e 2% f 6t5 ho asned w ol itd h ea r, 70% 49.4% insurance, representing about 12 percent of the market, were either in a CDHP or an 64% HSA-eligible plan. The inc 70r% 50 ea %se in labor-force parexplan ticipatation ion of for templo he agyeee b groeu nef psit progr belowams agein 65the pr was ivat pri 51% m e and arily public driven sec byt ors. the The EBRI 67%^ 51% The U.S. Bureau of Labor Statistics provides annualized numbers for the civilian noninstitutionalized payments or periodic withdrawals from defined benefit or defined contribution plans. 66% U.S. Department of Labor Employee Benefits Security Administration: 65% 50% 55% 48%^ 61%^ he labaolt rh -f50 o pr % rcoeb le par mt ic co ip nt at riib on ut ie nd c r$ e1 as ,5 64% e0d0 fo orr m bo otrhe m in al2e0s1 44.1% an 1 (dF ig feur me al 10) es. . 43.9% Databook on Employee Benefits is a statistical reference work on employee benefit programs 63%^ 51.7% 47%^ 45% 47% increased in female 62% labor-force participation rates, as the male labor-force part 59% ici^pation rates of those ages population and the labor force from the CPS, which is conducted by the U.S. Census Bureau. These numbers 60% 46%^ 46% Investment 60% Company Institute: America’s Commitment to Retirement Security: Investor Attitudes and 7 49.4% 45.4% 49.1% 49.0% and work force-related issues. I tA w ny a sc ha fou ng nd es t tha hatt a r essig ulnif t fric oa m n tt he pe h rcee ant lth ag ca er e o fl ew go isrlk ae tir osn w pit as hs e trda d in itMa iona rcl h he 20 a1 lt0h tb ha etne hf ait ss y w ete tro e geolig int ibo le e fffe orc t could Reference 50 60 % % 44.3% Employer and Worker Contributions to Health Savings Accounts and Health 55–59 and 60–64 were lower in 2011 than they were in 1975 (Figure 3). The male groups age 65 43.a 8% nd over a re Private used tPe o c nsion alcula Pla te n the Bull petin: ercent Abstract age of t hi ofs 20 po 09 pula Form tion 5t500 hat is Ann in u the al Re lab ports, or for ce. 43.3% Actions, www.ici.org/pdf/ppr_12_retir_sec_update.pdf 52% 50.0% Education is a strong factor in an individual’s participation in the labor force at older ages, as individuals with change t40 hi% s dynamic, such as the availability of more affordable health insurance options for people this age. account-based health plans. Among individuals with traditional employment-based health benefits48. a 9% nd 49. a 1% 50% Insurance Information Institute. The Insurance Fact Book 2012. Hardcopy, $45 + S&H; PDF, $58 (discounts Reimb 40% ursement Arrangements, 2006 41.6%–2011, By Paul Fronstin, EBRI s Con how cl tre 40% u ns ds ion that are flat to increasing (ages 65–69 having the only significant increase). However, the trend www.dol. 45 50% % gov/ebsa/PDF/2009pensionplanbulletin.PDF 47.1% 40% 36% Contact EBRI Publications, (202) 659-0670; fax publication 37% orders to (202) 775-6312. higher levels of education are significantly more likely to be in the labor force than those with lower levels of 40.1% th 39.7% choice of health plan, 37 percent were eligible for an HRA or HSA-base 39.d 5% plan in 2011, about the same 50% 44.5% T fohe r m pul ertc ip ele nt a co gp e ie os f c aiv reilia av n ano ilab nins le).t iItns utio urna anc lize e d Inf Ao m rm era ic ta ionn s Ine nsa tirt ut ore ,a t1 1 re 0t iW reim llia ent m S ag t.e , 2 (a 4ge F 5 l., 5 N or e w ol d Ye or r)k , wN hY o a Kaiser mongFamily each m Foun ale a dation ge gro Fo upcus hason He been alth slight Reform: ly upwa rd since 1993. Subscriptions to EBRI Issue Briefs are included as part of EBRI membership, or as part of 38.5% a The share of the adult population with private health insurance enrolled in an HRA or with an HSA 38.3% -eligible 40% HSA AND HRA DATA: This report presents findings from the 2011 EBRI/MGA Consumer Engagement in 40% education. This disparity incre42. as 0% ed from 1987–2010 for those without a high school diplom 37.5% a, as their rate Orders/ 41.6% 33% percentage as were eligible for such plans in 2008?2010 (Figure 1). 10038, 35 % (800) 331-9146 or (212) $199 annual sub 346-5500, es-cription mail: p to ublic EB aRI Not tions@ es iii. and org E , BRI Issue www.iii.oBrie rg/p fsub . Change of lications Address: EBRI, w e Private re in th Pe e lnsion abor fo Pla rcn e Bull decetin linedHistorical from 34. T 7 ables percea nn t d inGra 19p 7hs, 5 to w 29. ww. 4 dol. pergov/e cent in b s1 a993 /pdf . /H his owe toricaltabl ver, sinc ee s. pdf the n , the 36.0% 40% plan cont 30inue % 35.6%s to grow. The percentage of workers reporting that their employer contributes to the account Health Care Survey, as well as earlier surveys, examining the availability of health reimbursement declined while those with higher levels of education had a participation rate that stayed the same or 38.2% 40 30% % 37.9% 37.6% 37.7% 35 30 30 % % % 34. 1100 13th St. NW, Suite 878, Washington, 4% DC, 20005-4051, (202) 659-0670; fax number, In Ecxopla ntrinin ast g toH m ealth alesC , are femal Ref e o lab rm: or-How forceWil par l the ticip Affor ationd ra abl te es Care for t h Act A ose ag f36.7% fee ct s Small 55–59 Baunsinesses d 60–64 and T increas heir ed sharply overall labor-force participation rate of this group has steadily increased, reaching 40.2 percent in 2010—the 35.7% 35.8% Subscriptions 33.2% was unchanged. However, among those with an em 34% ployer contribution, overall contribution levels have arrangement (HRA) and health savings account (HSA)-eligible plans (consumer-driven health plans, or (202) 775-6312; e-mail: subscriptions@ebri.org Membership Information: Inquiries increased (except for the decline in 2010 of those with graduate and professional degrees). 32% 32% 32% Verisight and McGladrey: 2011/2012 Compensation, Retirement and Benefits Trends Report fr Employees? om 19 30%75–2www.kff.org/healthre 011 (Figure 4). The 1975 form/u rapl teoad/ for fe 827 m5.p ales d fag es 55–59 31% was 47.9 percent, compared with highe30 st% level over the 1975–2010 period—where it rem 30%^ ained in 2011 (Figure 1). Emp 30 lo %yer Contributions 20% fS at lle ock n. Options regarding EBRI membership and/or contributions to EBRI-ERF should be directed to EBRI CDHPs 30 ).% It also looks at employer and individual contribution behavior. 29.6% www.verisightgroup.com 24.8% /Portals/0/Verisight_and_McGladrey_2011- 67.7 per20 ce %nt in 2011. The older female age groups also trended upward, but not as sharply as the 55–64 23.1% President Dallas Salisbury at the above address, (202) 659-0670; e-mail: salisbury@ebri.org 20% T Tw his o -up t25 hir 20 % w % dasr d o ft rw eo nd rk e isr sno wtit sh urap n ris Hing RA a ond r H S isA lik re ep lyo rttoe d co tn ha tin t ue the b ire c ea m us plo e 18% 18% y oe f rw co orn kte rr ib s’u ne ted e d to f o the r c o ant ccio nue unt d in ac2 c0 es 1s 1 to 22.4% Rosen, Corey, et al. The Decis 16% ion-Maker’s G 18% uide to Equity Compensation. Second Edition. NCEO members, 21.9% 27.0% 21.5% 16% A Guide 26.8% to the Supreme Court’s 21.1% Review of the 2010 Health 16% Care Ref 15% orm Law T 201 he2_Com la 10 b% or-fpen orce s ation_and participat_ ioB n enef rate its_Execut for men a ive_Summary ge 55 and old %20 er f2 o0 llo 11. we pd d ft 21.0% he same pattern through 2010, falling 25% 16%15% g roup. 16% 16% 14% 7 16% 15% This m 20 a% y be due to the cont 15% inued weak economy. Workers with 15% employee-only coverage continued to 15%15% 14% EMPLOYER 14% CONTRIBUTION 15% LEVELS FALLING: The percentage of workers reporting that their employer (Figure 2). The pe13% rcentage of workers with an HRA or HSA plan whose employer contributed to the account employm 20%ent-based health insurance and for more earning years to acc 13% umulate savings in defined 13% 12% $25; nonmembers, $35. (Shipping charges apply to print version; also available in a digital version with no 20% 13%^ 24.5% ww Editorial Bo w.kff.or ard: g/h Dallas L ealthre . Salisbur form/u 12% ypload , publisher /82 ;7 Stephen Blakely 0-2.pdf 12%21.2% , editor. Any views expressed in this publication and those of the author 24.4%s should 12% 13% from 49.4 percent in 12% 1975 to 37.7 percent i12% n 1993 before increasing to 46.4 percent in 2010. H 14% owe ^ ver, in 12% 11%11% 23.5% 11% 12% 23.6% 1987 1988 1989 1990 1991 1992 1993 1994 1995 12% 1996 11% 1997 11% 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 respond by incre 11% asing the 10% ir own contributions, but t 12% ho ^se w 11% ith family cover 23.3% age did not. Generally, lower- 11% 11%^ th contrib 0% utes to the account was unchanged. H10% owever, among those with an employer contrib9% ution, overall h c not be o as nt re r ascribed to the officers, ibm ut ai io nn ed (4 s0t1 e( ad k)y - 10% ts yi 10% ^p ne c trust ) e p 2 11% la 0ees, 0 ns 6. . m Oeld mb eers, or r Ameother sponsors of the E ricans, particularly m tho ploye see in Benefit Research the private se Institute, the EBRI Educ ctor, increasingly ha ation and ve 9% 11% 9% shipping charges.) National Ce 21.9% nter for Employee Owne 9%rship, 1736 Franklin St., 8 Floor, Oa 11% kland, C 10% A 94612, Wellness 10Cou % ncil of America, News & Vie 9% ws: “De-Mystifyi 10% ng ROI: What You Can Expect from Workplace 9% 9% 9% 9% 8% 9% 10% 9% 8% 20 10% % 9%^ 8% 10%^ 2011, the men’s rate slightly decre 8% ased/flattened out t9% o 46.3 9% percen9% t. 9% These 2010 and 2011 levels are still 10% 8% 7% 9%^ 7% Research Fund, 10% or their staffs. Nothing her 7%^8% ein is to be construed as an attempt to aid or 8% 8% hinder the adoption of any pending le 8% gislation, 8% regulation, income individuals did not increase their contributions, whereas higher-income individuals did8% . 6% 6% 7% 7% 7% 6% contrib 10 ut %io19 n 87lev 19e 88ls 19 h 89 av19 e 90 fa19 lle 91n.19 92 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Labor-Force Participat6% ion 5% Rates: March Educ S ational upp Level lement to the CPS 7% less access t 6% o guaranteed levels 5% o ^f income (such a 6% s pensions) or health insurance benefits w 6%he 5% n ^ they 6% retire; MetLife: Multi-Generational Views 5% on Family Financial Obligations: A MetLife Survey of Baby Boom 5% ers and ( W 510) ellness 208Programs,” -1300, fax: http: (510) // 2 w72 ww -9510, .wel 5% coa.o e-mrag/ il:freer custe osourc merse erv s/p icd ef/ @ rongo nceo.e otzel0 rg, w 1w 1912. w.ncpd eo.or f g 6% 5% 5% or interpretative rule, or as legal, accounting, actuarial, or other such prof 4%^ essional advice. 5%^ 5% 4% below the 1975 le 3%vel, but they are clearly higher than the low point in 1993. On the other hand 4%, women’s 4% 4%^ 3% 3%^ Among worke2% rs^ with an employer contribution, those with employee-only cove 3% rage saw 3% their annu 3%a ^ 3% l 2% Age Group consequently, they 1% ha ^ ve a g Nor Hig eat he Src hne oole Did pl oma to work G ender to he Hi and gh lpSc Pens m hoo aion k l e DInc i pltom he om air e assets lasSo t lo meng Coe lleg r e or to continue to build Members This sectio on f Generatio examines ns labX a or-n fo d rc Y, e p waww.m rticipa ettlife.com ion rates/ as ussing ets /cao/mmi the March /pSub uplicatio pleme ns/stu nt to dies/20 the CPS12/stu , in ord dies/mmi er to - l abor-force participation rate in this age group was essentially flat from 1975 to 1993 (23.1 percent and 0% INDIVIDUAL CONTRIBUTION LEV 55–59 ELS INCRE 60–64 ASING: Ind 65–69 ividuals w70–74 ith employe 75 e+-only co 65 ve +rage increased their employ0% er contributions increase between 2006 and 2008, but fall in 2009 and 2011. Between 2006 and 2008, 0%0% W EBR isconsin I Notes is Legislative Council: registered in the U.S. Patent and T Al2010 l Compa r Ma ade lemar rative k Office. FeStu m I ale Sd SN: y o 1085 f Major Pu No ?445 Pens 2 1085 ionblic Incom ? Employee 4452/9 e 0 $ . Pens 50+. Reti ion 5In rement 0 come Systems up (or t 0% o rebuild) the assets B ac th hel eor y's h Degr ad eo er were not ab Glre adu to ate/ ac Profe cusm siona ulat l De egr p ee reviously. s multi-gen how great erati er d oe nal-f tail a ab mily-o out dbligations.pdf emographic t re nds. However, the latest available data for this source is from Less than $200 $200–$499 $500–$749 $750–$999 $1,000 or More Don't Know E Not mpl hioy nger Contributes t Les o A s tc han cou $500 nt $500–$999 No Employer Contr$1, ibu 000–$1, tions 499 $1,500 or More Don't Know Don't Know Nothing Less than $500 $500–$999 $1,000–$1,499 $1,500 or More Don't Know 2 2.8 percent, respectively). But after 1993, the women’s rate also increased, reaching its highest level in Nothing Less than $500 $500–$999 $1,000–$1,499 $1,500 or More Don't Know contribution levels, but those with family coverage did not. Persons in lower-income households did not the percentage reporting that their employer contributed $1,000 or more to the account increased from http://legis.wisconsin.gov/lc/publications/crs/2010_retirement.pdf Source: U.S. Department of Labor, Bureau of Labor Statistics, "Labor Force Statistics from the Current Population Survey--Civilian Labor Force Participation 2010. The civilian noninstitutionalized population is analyzed, along with the portion of this population that is Source: Source: Employ Employ ee ee Benefit Benefit R R esearch esearch Institute Institute esti estimates mates from from 1987–2011 1987–2011 M M arch arch C C urrent urrent Population Population Surv Surv ey ey .. 2010 at 35.1 percent, where it remained in 2011. Source: EBR Rate," www.b I/C ls. ommonw gov/dataealth Fund /home.htm Consumerism in Health Care Survey, 2006 and 2007; EBRI/MGA Consumer Engagement in Health Care Survey, increaseSource: EBR Source: theirEBR co I/C I/C nt ommonw ommonw ributealth Fund io ealth ns Fund C ; ho Consumerism onsumerism wever, in t in H ho Health C ealth C se in aare Su re Surv hig rv ey he ey , , 2006 r 2006 -inc and 2007; EBR and 2007; EBR ome hous I/M I/M G e G Aho A C C onsumer onsumer lds did Engagement Engagement . in H in H ealth C ealth C are Su are Su rv rv ey ey , , 26 How pe ev rc e Source: erSource: n , tf ina tEBR o EBR n 37 I/C ciI/C ommonw apl ommonw ecro cn e ealth c n ealth e t rFund C ( ns Fi Fund C gau onsumerism rr e onsumerism e no 3)t. tI he in H t fe in H ealth C o lealth C lnl to y are Su inc 32 are Su e rvp ey nt rv e, ey ri 2006 v c , e e 2006 n s and 2007; EBR tin and 2007; EBR in v o2009 lvedI/M he a I/M G n Ard G e C A onsumer — t Co ot nsumer h 24 ere Engagement pEngagement eal rc se on its in H in an in H e alth C 2011. ealth C inc are re Su a re a Th s rve ey ed , pdeers cie re n tage 2008–2011. employe2008–2011. d, looking for a job, or on a layoff (i.e., meaning the entire labor force). Since these rates are only 2008–2011. 2008–2011. Survey, 2008–2011. a aa CDHP = Consumer-driven health plan with deductible $1,000+ (individual), $2,000+ (family), with account. a a CDHP = Cons CDHP = Cons um um er-driv er-driv en en health health plan plan w w ith ith deduc deduc tible tible $1,000+ (indiv $1,000+ (indiv idual), $2,000+ (fam idual), $2,000+ (fam ily ily ), w ), w ith ith ac ac cc ount. ount. CDHP = Cons CDHP = Cons umum er-driv er-driv en en health health plan plan with wideduc th deduc tible tible $1,000+ (indiv $1,000+ (indiv idual), $2,000+ (fam idual), $2,000+ (fam ily), w ily), w ith iac th c ac ount. count. among many Americans to work longer, particularly among those with more education, for whom more © 2012, Employee Benefit Research Institute ?Education and Research Fund. All rights reserved. ^ Difference from prior year shown is statistically significant at p = 0.05 or better. ^ Difference from prior year shown is statistically significant at p = 0.05 or better. ^ ^ D ^ D i fference from prior D ifference from prior ifference from prior year year year show show show n n is statistica n is statistica is statistica lly lly lly significant significant significant at at p at p =p 0.05 = 0.05 = 0.05 or better. or better. or better. ebr ebr ebr ebr ebr ebri.org ebr ebr ebr ebri.org iiiiiiii........or or or or or or or org g g g g g g g No No N N N N N N N Not ot ot ot ot ot ot ottte e es es es es es es es esss • Februa • Februa • • • • • • • • F F F F F F F Febr ebr ebr ebr ebr ebr ebr ebruar uar uar uar uar uar uar uar r ry y y y y y y y y y 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 • Vol. 33, No. 2 • Vol. 33, No. 2 • • • • • • • • V V V V V V V Vo o o o o o o ollllllll. . . . . . . . 3 3 3 3 3 3 3 33 3 3 3 3 3 3 3,,,,,,,, No No No No No No No No. 2 . 2 . 2 . 2 . 2 . 2 . 2 . 2 18 19 12 11 17 2 5 3 6 9 A monthly newsletter from the EBRI Education and Research Fund © 2012 Employee Benefit Research Institute ebri.org Notes • February 2012 • Vol. 33, No. 2 ebri.org Notes • February 2012 • Vol. 33, No. 2 ebri.org Notes • February 2012 • Vol. 33, No. 2 ebri.org Notes • February 2012 • Vol. 33, No. 2 ebri.org Notes • February 2012 • Vol. 33, No. 2 ebri.org Notes • February 2012 • Vol. 33, No. 2 ebri.org Notes • February 2012 • Vol. 33, No. 2 ebri.org Notes • February 2012 • Vol. 33, No. 2 10 13 15 14 16 4 7 8