8 3 4 6 5 7 2 suggcont w pl es or ans ts a k inue er . A n ad s i s a tn o o ded v pub per ffer ce lier c c n -st ov iand pr ag on er e of : ag ?T e a if h vie c at nal nd be eo - p se lo ay ct ri of ng , t orhe m undec y em our pl ea g oy in annu lded am ssent eabou s - – al bas y b tour e ed pe the nef ob fiut tn j a e si ucc ct ron e o irv ual es or f em and r ra et tpl e irs i per oy em n m ent sp 2004 ent ec pl - tib ans v a as e nd 2007 a ed h – , ba wi se ea ll de d o lth rtn t e erm he ine ? ? R Net ov ir ee m m ber ent 2010 Incom Iss e Adequacy ue Brief, ?401( : Alte kr )na Pltan As ive Thr sees t A ho llloca ds and t tion, A he I cc m oun por t B tanc alan e of ce Fu s, an tud Loan A re Eligibic littiy v i itn y in President’s Report —Dallas L. Salisbury yourU es cov v.S. C tiiew of s m erat ag ens ed t e. us Bu uc o hav cess a re be eand u’es f n 2.06 a Ma ilurrc e.? h 2010 C per cent and 2. urrent48 pe Popul rce atnt ion , rS es ur pec vey tiv (el Cy PS . T ), t he he m se rat ost es a rec reent hig d her ata tcur han ren the tly Empl D 2009? oymen efined Con — t-Ba This se trd H r ibut epe or ial on R tt i h s a Plans etn irupdat em ent e of Pla EB ns. RI and ICI’s ongoing research into 401(k) plan participants’ Spring 2011 av aver ailag abe a le nnua (for 200 l ac9) cr. I ual t sho rate w of s t 1.59 hat the e perce mn pl t r oy epor ment ted -bas byed r the U.S etirem . D ent ep sy artst mem ent r of em L aab ins a or’ s cr 2005 N itical sour ationa ce l ? ? ? D ac C Ahar pr ec tiv iem li ac 2011 tyber t t ehr ri 2010 st oN iug cs oth y es of I ss ea ar the CD u tri e Br -cl end 2009. e, iH ?I efP P nnov , ?Find opul at Tiihe on ng atis i r s f on 200 epo n rom Em rt t i6?2010. s pl he 2010 E di oym vided ent i-nt B Bas o f RIed Heal /iMGA ve sec C ttih P ons onsum lan : Ts? he er — Eng fir N ste ag ar des ley m c r a hun ent ibes i n H tdr he ed ealth The ong C ofom Aoi m pens ng eri r ca at ol inon S e of s’ ret EB ur irv em R ey I ( i ent s t N i C o p n S), whic com rove s ide n ec h i ur um s ba itber y, and sed s aon nd is u of anal nder ficy ial si pr p s es tlha an do sur t ae f llcum irnd om ent iv tihe r dua s. Te lh s, ce is rn eg su t ec ar gg onom dl es es ts t s i of hat c downtu t t he he 2004 colo rr n. EB CarR e Su I/IC rv I 401( ey?— kT ) dat his I aba ssue se;B the s rief pr econ esen d fto s cus findi es on c ngs fr han omg tes he 2010 EB in participan RI/tMGA accoun Co t b nsum alaner ce Eng s over ag t eim ment e, health policy experts, senior priv Ju ate st -ise fy ctto he va r HRl r ue ep o res f te he be ntativ ne esf, an it you a d insur reanc provi e and ding hea (o ltr bei h offng ici als ? IRA Asset Allocation. of thand 2007 SC eir glasses, ar F e w responde illing tnt o us s ov e wi eres th con timatfed t idenc hei e a r ex s tpec heyt e m d pens ake thei ion b r dene ecisi fions. L ts at retet ir t ehe a ment rg , unl ument ess t , ih fey you ? exa i ana T n H hel m f y ea o i zned s il lng l tow h a g Ciom ar ng r eoup of cha e i Surv nnov ptey er cat s of . T ons ivh e e i iEB ss s ten m RI’ tu pl t 401 dy provi oy s Da ier s ba (k -t) dr d aboo par ed) se ivd on en pr t.ik on Em ci Pp r an on es ant og ir de s; am p nt ltl ihe s dur oye n O e s tba hi e Be ur ir m ng d p va, Cong ey nef a d r of es itay ent s 4,50 p long rs a res ov 8 pr si s i pol de f naps ona iv iur cy lat l hot e t ea f h lor y er o de ium de fnsu r par s, t hel a G red i ti lov ci o d by adul pan n i ernor n t tcom t he s s a agnd e i esn ? Health Insurance Coverage by Month. will,had m move be ore g yond t enerou he num s accrber uals. for mulas than plan participants in the 2005 NCS. 2 ac r nonpar et 1coun – ir64 t emttent o pr i b sa al .n Em a ov nce idpl e na s at oy y tee iea o B nal r-en end 2009; ly ef riepr t R Ma es ese ea t y nt h or ra e f ch I ts, a iv ou e da nst ct rtih l v ittiut a st ook r e ( s…e egEB s a arv d tR er ipar ng Iy ) i on t tn Wa ihe g c e…. l ipan rshi ow to s’ ok ng t a h of ss itng on, D e con t at al spe lC sum oca , on ndi ter ioD ng - ns, i dr ec pr i. 9, 201 v nen he og clu ram dial ng 0. s a th p T nd t he lans ax ? Impact of the Recession on Health Insurance Coverage for Unionized Workers. ( ana CD lo y H si Ps) s of C and hapt 401( hi erk 10 g) h p -deduc — art iA cig pa tg ibl r nt eg e h s’ at ea use e Tr lt h p of ends l tan ar i g s ( n D etH -dat D efH ie ned Ben Ps) fund , and t s (al efso c h ite i an m al d D pac led ef t?l iof ned Con if e tcy hes cl e p e? trl if abu un ns a tds) ion nd ; R and cons etir tem he umf ent er if th discussion also considered the fu pr tur efe of erenc em es a ploym like f ent or w -bas ayed h s to i ea m ltpr h p ov rog e out ram com s in t eshe and wak the bot e of tthe om line. ? Job Turnover Analysis Among 401(k) Plan Participants. I am pleased to be able to report that membership has remained strong, as has the balance sheet of the Rese N eng focus ar ov ag c eh m es e — m ber on Pla ent Healt el pa n Spo m erct tor ih ci ion e g nso Car pan ene res rtsh s’ e u ri lal 40 p, Pa ts ly and e 1( on t k r) ti l c T n he oa ipa ac am beh n ac t tm iion ng ent t av i t v and i he o ior ty f an . t rV ed he Pa ed at st ink ing tt. A iiten udthea es Pro of dt of ec adu t tiax da on an lts wy id A t 2011 b h pr ffior vat da ot e h bl h e e par C altar t h i ie e Ac s ha nsur tv anc e se et organi cov zat eriag on. e. The detailed report of activity that follows seeks to bring you up to date, with links that ? f H or eal th t ( T t PP h he hei C A fonf ro C v lA liow is ) den i. ons T ing hi ce cha f s a Su orr t rv tp he icl te er f y e s s of utum ur e EB m as ar RI’ p iz ar e s Da s t t of he p t taboo he budg resk ent on Em at eti b ons ap ttlla oye es nd deba u e Be ndenef rt w e d ay its ur , and a p ir ng ov tiha de f s par t fur otr tum of her t. de h e be taig l o inn n i ing ncom of t e i he n Presentations by EBRI Staff Ret allow ire y mou t ent o dr Income A ill dow dn equa for cy det : ail. 2012 ca The 2010 H mpai C gS w ns. as fielded in mid-May through mid-June 2010. Results of the 2010 HCS were released ? ? r N O et ct ov irobe em ement r ber 2010 . 2010 Not Neot s es ar ta ic rl te, ic l?The I e, ?Vam riat pac ion ts of in Pub the CO lic Opi BRni Aon A Prem bou ium t H Subsi ealth C dy on C are Re ov for erm ag , by e? — Pla The n The following are presentations and testimony by EBRI staff since September 2010: i ?n Sep Apr tem il 2011 ber 2010 Not es Not ar etsi.cl e, ?Retirement Income Adequacy: Alternative Thresholds and the Importance T Ay m pe: er o i F ca iC nd n R hapt ing ece s f ov r 13 r er om y— and Re the Sec. 20 401( 1 inv 0 EB esk t) m R Pla I ent /MGA ns A ct C ofonsum 2009 i er nc Eng luded a agem pent rov i is n H ion f eaor lth C the ar fed e Surv eral g ey ov ? er — nm Thent e to On behalf of myself and the team at EBRI, I extend my grateful appreciation to our Members and other For EB of 2010 EB Fut RI t ur hi e E R s ha I/lMGA ig s m ibiea li C tnt y i onsum a n D cont efer iined Cont nuou Engs s agtem rre iam but ent of i i on R n H requ ea etie lrtst em h C s ent far ore Su Pl num ans rv ber ey ? — s on fi nds Th the is a tha cur rtt r ic r el lent e atiint s vtel ra oduc ty us few peo of es f a inn anc ew ple w ial ith pay 65 percent of the premium for individuals who were covered under COBRA and who incurred an Dallas Salisbury: ® funders, whose moral and financial commitment to our mission and vision continues to make all our work Ret and he ire met m alhod of en th w t Cel on an lbe fid al ing enc yz, t ie ng he Sur t ihe r n ve com ye sul e s ts f tatru om s of t cur he EB ren R t Ir R etiet ree irem s, aent nd pr Seo cur ject itiy ons Pro of jec w tih on M at the f odel ut ur (R e m SPiM ght) hol . d i pr nv iv ol at unt e hea aryl tjh i ob nlsur oss be ance tw co ee nsi n Sept der t. hem 1, 2008, selves and De knowlc. 3 edg1, 2009. eable abT out he s the PPA ubsidyC w A as , tm he f ade eder aval ai h labl eae f lth or Media Coverage of the 2010 HCS ? April 27, 2011, Bostth on Financial Services Leadership Council, U.S. Retirement Policy CEO Meeting, T poss his y ibl ea e. Your r marked t dedi hca e 2 ti1 on a anni nd suppo versarr yt of are v the Re ital tto ir our ement abi C lionf ty ti o de cont ncei Su nue t rvo ey?t (el Rl C iS) t l. ikT e i he 2 t is? 011 wi tR h ? Cj S w ust as the if no I insu nst pol ea rianc cy d of cha e r sef i ng m oes pl rm y ar l com aw enac e mput adei, i ng ted e f r an ov adi arca lier er l t cha al hli s y per ngea es ce rn ar . R tag e m oug e of ade hl ty , o he s hal r iif f m i sa n ul cr y a t tem ed hey ent li ar fe p al e s c at han om hs i ewhat gn esa ar par , no e m ticu tade vler a. Wh ry co , or hor no at ti t s up to nine months, and was extended by Congress three times, with the last extension occurring in ? From September 15, 2010, to April 15, 2011, partial tracking found the 2010 HCS mentioned in nine Boston, MA. f fi ac eltded s.? i A n nd I Janu tar hank y and the m relea any se ot d on herT s w ues itd hay w, Ma homr w ch 15, e wor 2011. k. The survey had 26 underwriters. The full the c t at ur ha a rtlen w l k ti de now ll no filn tedg hav ed c ea e s on blt uf e ri abou f bu ict ii en on tt r the pl etailn and raw. ement ac ic nc ount om e t str o pay ructur fe or ac th ce s omipl miul sh at ing ed and wh expense at s, t mhe ne ight iw t ac mcom ethod plish April 2010. This article examines trends in coverage through a former employer to analyze the impact Web-based outlets, six newspapers, five periodicals, 10 press releases, three blogs, and two ? April 11, 2011, Insured Retirement Institute, ?Consumer Retirement Readiness?, a webinar to kick- r in t epo hcom r e f t and f ut put ure? es ac H w t sha he ow tet pe ls a ong rce re a w ntv oul ag aie ld ab of indi l t e on he hou vid tual he se 2011 s ha holv ds w e t RC o w S illWe m ork ee b s in or t t itha e. d t r er e qui to archi emev ent e a m se orc e t ur he r anet a s irem peci ent fie ? How d of the COBRA subsidy. newsletters. off National Retirement Planning Week, Washington, DC. coulper d lic fent e inc ag om e of e de tim sies gns t in that he s pirm ov ul ide a ation. t l east some longevity protection for the individual reduce the Health Care Plan Participant Demographics ? February 2011 Notes article, ?Who Tries to Find Objective Information on Health Care? Findings ? March 9, 2011, GuideStone Financial Resources, ?Retirement in Today’s Economy?, a video for ® Media Coverage of the 2011 RCS am ? ount Febr iua ndi ry v 2011 iduals woul Issue Bri d nee ef, d ?A P to acost cum Cul ris at is A e? W sses hat sm af ent fec of t ar Re he etirem alth pl ent I an r nco ede me Adequacy signs having for on cos Baby t a nd ? April 2011 Issue Brief, ?The Impact of the 2007-2009 Recession on Workers’ Health Coverage? — from the 2010 Health Confidence Survey? —This analysis looks at who currently uses information on American Savings Education Council and Choose to Save GuideStone’s participants, Dallas, TX. ? qual From ity and we March 1 llnes 5, 2011, s, includ tio A ng t pr he m il 15, 2 ove011, p ment tar o co tial nsu tram ck er ing di f rec ound t ted hea he 2011 RC lth? What S m woul entd be ioned the in 61 expected Boomers and GenXers? — The analysis in this paper was designed to answer two questions: 1) What The 2007–2009 recession has taken its toll on the percentage of the population with employment- The Spr healitng h c 2011 A ost, quaSE lity C , and ou Partner ts M comee est. D ingat w a c asom hees ld o frn om A t pr he EB il 13, 20 RI/11: MGA ag 2010 H enda forea the Spr lth Conf ing id 2011 ence Survey Dallas Salisbury impac newspap t on sav er ing s, 34 W s and con eb-bas tribu ed ti out ons we lets, 21 b re alllow ogs, 17 b able prre oad -tax c casont t out rib let uts ( ions sucth o de as N fin PR ed c , C on NtB riC bu .com tion, and plans per basc ed ent hea age of lth cov U.S. hou erage. W seho hil lds b e, sinc ecam e 2000, e ?at t rh isk ere ? of has i b nsu een a ffici s ent low re e ti rr os em ion ent in t inhe pe come a rce s a nt r ag es e of ult o f the Mee(tH ing C. S), a The n sur ext vey A tSE hatC exa Par m ti nnes ers M a beret oa ing d spe wict ll be rum W of edne heal sd th ca ay O re ctiobe ssues r 19, , inc 2l011 uding . For a Amer n upda icans’ te o n the President, Employee Benefit Research Institute www.ebri.org salisbury@ebri.org Jack VanDerhei, EBRI research director: ® and i f C i nna N diN nci vMone idua al m l a y ar cc .com koun et an )t, 13 per s d r red eal uce es io d by t di atca e c m ls, 1 ri or sie t 2 newsw s ihan n 20hal 08 and ir fe ? A se 2009 rnd, t vices, a he ? 2) lnd i O st g f f our toes ho news se on. who letar tee rs. at risk, what additional individuals under age 65 with employment-based health coverage, 2009 was the first year in which satisfaction with health care today, their confidence in the future of the health care system and the activities of ASEC and Choose to Save, please see the Spring 2011 ASEC Update. ? Research Council, Issues for Discussion, Financial Services Roundtable, March 2, 2011. ? sa Ma the p vi rng ch 2011 ers do t centag hey N e f ot ne eels a l b ed t el rtiow o cl m e, 6 ak ? 0 per T e e heac I ce m h y npac t, and m eatr of un Mo tiar l rk di et ed t f ir yem ih ng e l ent tar he Exc ag ges e t t o o m lne usi-ak on o yea e up f rf de Em c or lpl i ne toy he iin c ee r l C o ov ss ont er es ag r ifbu re. om tion the s to Medicare program, and their attitudes toward health care reform. New Developments ® ? The State of Retirement Income Preparation and Future Prospects (Results from the updated Answering those questions during the initial months of 2011 has produced a steady stream of cr Ret isi ir sem ? Tent he Sav resul ing ts a s Pl re f arns f omr tom he 20 Taxa 10 EB ble I R ncom I Rete: irem Res ent ul tSecur s from it t yhe 201 Projec1 R tion Mo etirem de ent l C byonf the Em idence pl oyee ? September 2010 Issue Brief, ?Sources of Health Insurance and Characteristics of the Uninsured: ? December 2010 Notes article, ?Who Might Respond ### to Financial Incentives that Use Lower Cost Is There a Future for Retirement? EBRI/ERF Retirement Security Project Model (RSPM)), Western Pension and Benefits Conference, publB Surv ica ene tio ey fns, it? R — te es se In r ti am rch I ec ony en nst , t y m iea tedi utre. sa , r pr elopos eases al , Fa s ha st v FA e su Q rfS a, ce tw d ee to ts r, and eformci tthe 401 ations i (k n t ) sy he m stem edi bas a aed o nd ot n t her he Analysis of the March 2010 Current Population Survey? —This Issue Brief provides historic data Sharing to Change Behavior? Findings from the 2010 Health Confidence Survey? — Understanding The May 12, 2011, policy forum explores an issue that is at the center of policy debates around the world: March 1, 2011. publications. assumption that higher-income individuals receive more tax-related benefits from these programs ? t N hr ov oug em h 200 ber 2010 9 on Itss he num ue Bribe ef, r and p ?The I er m ce pac ntag t of e of Au no to-nel Enrol derllm y i ent nd and ividual Aut s wi om tat h an ic Cont d witrhout ibuti h on Esc ealth alation how individuals respond to financial incentives in their health coverage is crucial to the design of retirement age. New EBRI modeling results will show how long we would have to work to achieve ® t on R han d eto i irem ndi ent vidua Incom ls in e Adequacy lower marg ?i nal — t T ax b his I rss acu ke Br ets (ia ef s w expa ell nd as t s upon hose w ea ho m rliera w y pay ork by no f EB edR er Ia tlo pr incom ovie de insurance. Based on EBRI estimates from the U.S. Census Bureau’s March 2010 Current Population plans that are effective in steering them to high-quality, cost-effective providers. This article uses data adequate retirement income if we saved no additional money. The forum will also explore the Paul Fronstin, director of EBRI’s Health Research and Education Program: The sha taxers i p d n ia pa fferenc rticu esl d arr y aw ean by r). Som the House e of thes B e pr udg oet posa Res ls ol ha utv ion e incl and ud the ? ed m rev odi is fed? icat B ions o udget f t f hre c om u Pre rrent si de fede nt ral the first results of a new simulation model that estimates the impact of changing 401(k) plan design Survey (CPS), it reflects 2009 data. It also discusses trends in coverage for the 1994–2009 period and from the EBRI/MGA 2010 Health Confidence Survey to examine whether health care consumers implications of policy change proposals. nd ? April 7, 2011, University of North Carolina, 2 Annual Health and Welfare Plan Management for Obama in mid-April on the form that spending, taxes, tax preferences (expenditures), Social Security, income taxation treatment that excludes some or all of the contributions employees make to tax- v hi ar gi hl abl iges hts and a charac ssum teript stiion cs s thon r at ty epi tirca em llent y ind incom icate whe e adeq the uac r an y. Pre indiv viious dual r es is ea ins rch h ured as . demonstrated the would be interested in, or might find useful, financial incentives that are aimed at changing an Mid-Sized Employers, ?What Is the Future of Employer-Sponsored Health Care?? Atlanta, GA. Medicare, Medicaid, health reform, etc., should take in the future will require extensive new analysis of qual large po ified d tenef tial ined impac contt of ribut au ion pl to-enr aol ns. lm ent (AE) on retirement income adequacy. Until recently ? T indi he f vio du llow al’s h ingea cha lth b pter eha s of vi o EB r. RI’s Databook on Employee Benefits provide further detail on health Health Confidence Survey, 2011: ? March 31, 2011, University of St. Thomas, Symposium, ?2011 and Beyond: Aligning Health Care implications for financial and health security. th however, there was extremely limited evidence on the impact of automatic contribution escalation. care plan participant demographics. This year marks the 14 anniversary of the Health Confidence Survey (HCS). The HCS will be released Benefits to Support Your Business Strategy,? Keynote Speaker, Minneapolis, MN. Labor Force Trends This study is part of a larger joint project between Employee Benefit Research Institute (EBRI) and o Chapter 26—Health Insurance Coverage of the Nonelderly Consumerism in Health Care in Fall 2011. See below for further details on the 2011 HCS. ? March 8, 2011, Blue Cross and Blue Shield Association, San Francisco, CA. EBRI models, defined contribution and IRA databases, health claim databases, and nearly 33 years of ? Febr the De uafriy n 2011 N ed Contot ribut es a ion I rticlnst e, ?Labo itutionral Fo Inv rce es P tm arent tici A pat ss io on R ciatat io en ( s of D C the P IIA)opul . ation Age 55 and Older: o Chapter 27—Health Insurance Coverage of Workers ? March 2011 Notes article, ?Employer and Worker Contributions to Account-Based Health Plans, trend lines and design/policy perspective, and established credibility for non-partisan and obective work ? February 24, 2011, Heritage Foundation, DC Roundtable. What Did the Recession Do to the Trends?? —For those age 55 and older, the labor-force ? October 2010 Notes article, ?Retirement Savings Shortfalls for today’s Workers? — Using its unique December 2006-2010? 2010 Po —Thi licys r Fo epor rum t :pr esents findings from the 2010 EBRI/MGA Consumer Engagement in ® unbiased by position taking or reaching policy conclusions, assure that EBRI will be at the center of the ? February 3, 2011, Robert Wood th Johnson Foundation webinar, ?Cost Sharing: Effects on Spending par Rettiirc em ipa ent tion r Sec atur e icon ty Pro tinued ject t ion M o incr ode easle e EB ven a RI ca ften es r the e tim conom ate the ic downtu total natirona n olf ag 2008 greg –2009. Fo ate and ind r th iv ose idua l Retiree Health Care The pr Hea eslen th C tatar ioe Sur ns from vey EB , asR w I’ es 6 ll as 7 ea pol rliier cy sur for vum eys, e , ?Ixam nnov in at ii ng on t s i he a n Em vaipl lab oy ilm ity ent of- B hea asl ed Hea th reim ltbur h B se ene ment fits ? reviews and assessments. EBRI will continue to provide analysis that will allow others to understand the and Out ages 55– com 64, es thi .? s i s being driven almost exclusively by the increase in women in the work force; the retirement deficits at age 65 for Early Boomers (born between 1948–1954, now ages 56–62), Late ? December 2010 Issue Brief, ?Funding Savings Needed for Health Care Expenses for Persons Eligible arrangement (HRA) and health savings account (HSA)-eligible plans (consumer-driven health plans, are now available on-line. implications of alternative policies, apply their philosophy and perspective, and conclude what they think ? Ja mal nua e par ry 20, 2011, N ticipation raa tte iona is fl lat C t ong o dec resls on He ining. Bal ut th I am nsur ongan those ce R ag efor esm 65 a , ?Is t nd o he Fundi lder, lab ng or A -fdequa orce te for the Boomers (born between 1955–1964, now ages 46–55), and Generation Xers (born between 1965– for Medicare?—This report updates earlier modeling by EBRI on the level of savings needed for or CDHPs). It also looks at employer and individual contribution behavior. the appropriate decision is for plan design or policy. As recent policy debates in the Congress have par Ear 1974, now tliy c R ipa et ti ion i r ee ag R es ncr e 3 iea nsu 6– s45) ed f ran . ce o T rh Prog bot is a h m rr tiam cal le r ?? esepo Wa and rsh ts fem t ing hes al ton, D e 2 es. Ed 010 C uca R et tiion rem is a ent bi Sav g fiang cto s Shor r: Tho tfse al w ls ( itR h h SS ig ).her levels health care expenses in retirement. Some prior estimates have been significantly revised down as a U ? pcoming January I 2011 ssue Br Iss ieue B fs: rief, ?Health Savings Accounts and Health Reimbursement Arrangements: underlined, the perspective and objectives of the decision maker will heavily influence how they view of education are more likely to stay at work. ® ? January 19, 2011, National Congress on Health Insurance Reform, Keynote Address, ?Overview of ? r Sept esulem t of ber chang 2010 es t No M otesedi artca icr le, e Pa ?Re rt D tir c em ost ent sha Incom ring te Ad hat w equa ill be ph cy foas r T ed oday in by ’s 2020 Worker due t s: H o ow rec C ent erlty a in, Assets, Account Balances and Rollovers, 2006-2010? —This Issue Brief examines HSA and HRA ? Update on EBRI’s Retirement Security Projection Model. study results and what action they think the results justify. ? H t D he Cu ow ecem Muc rber rent h 2010 H Wi eal ll I N th I to C tnsur eost s ar , anc tan icl d H e M e, ?Em ow ark D pl etoes pl oy ac ee El e T i in g enu itbi he Un lrie ty Tr fior en ted ds Li Par Sta tic tn es ies pa ,? , 19 t Wa ion i 51 shi n -2010? a Def ngton, D i — ned T C h C .e ont medi ribu an ( tion m Pla id-n enacted health reform. However, the research indicates that retirees will continue to need a substantial assets, account balances, and rollover amounts. It examines the types of individuals likely to have a ? Longitudinal Target-Date Funds Results. ® point) tenure for all wage and salary workers age 25 or older was slightly higher in 2010, at 5.2 years, H elp?? — This analysis builds on EBRI’s Retirement Security Projection Model (RSPM) to amount of savings to cover their health care expenses in retirement, and that uncertainty related to consumer-driven health plan (CDHP). It then examines differences in account balances by ? Retirement Income Adequacy With Immediate and Longevity Annuities. The ongoing conversation about the effecitveness of Social Security and 401(k) plans present perfect compared with 5.0 years in 1983. However, the median tenure for male wage and salary workers Rese hea det ar e lc t rh c h m — ine how m arRe e use tir,e pr m uch hous ee sc nr t ip tioe n dr holug ds use need , and l to saong ve eev acih y ty w ea il rl unt stilill p re lay tir a m ement ajor to m rolai e i nt n apl in a pr anning obab for i lr it ey ti ree demographics, income, contribution levels, and engagement in an individual’s own health care, using ? Health Insurance and Taxes: Implications of the Debt Commission. examples. Depending upon perspective and objectives a review of the numbers can lead to these l dec evel lined they f w rom ill 5.9 y be abl ea e t rs i o n af1983 t ford sio m 5.3 y ulated r ears etiin rem 2010. I ent en cont xpense rs f asto , rt he m the rem ediai annde tenur r of e f th or e l fiem feti al m e wag e of te he Parthea icipat lth c ion are in Em . ployment-Based Retirement Plans a regression equation. Rollover amounts are then examined. ? 401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2010. programs being viewed as wildly successful or dreadfully falling short. Against an objective of every and salary workers increased from 4.2 years in 1983 to 5.1 years in 2010. Consequently, the increase family unit. ? The following chapters of EBRI’s Databook on Employee Benefits provide further detail on retiree ? November 2010 Notes article, ?Retirement Plan Participant: Survey of Income and Program ? January 2011 Notes article, ?Employer and Employee Reactions to Health Care Reform: Findings ? Sources of Health Insurance and Characteristics of the Uninsured: Analysis of the March 2011 worker moving into retirement at a chosen age able to fully maintain their lifestyle until death, the in the median tenure of female workers more than offsets the decline for male workers, leaving the ? The following chapters of EBRI’s Databook on Employee Benefits provide further detail on income in Par heatlitc h c ipa ar tieo . n (SIPP) Data, 2009? — The latest SIPP data show 59 percent of all workers over age 16 from the 2010 EBRI/MGA Consumer Engagement in Health Care Survey and SHRM Organizations’ Current Population Survey. numbers on both can be viewed as quite depressing. Against an objective of every worker being able to overall level slightly higher. retirement. had aon em Chapt ployeer r 3 tha 6— t spo Heans lth I ored nsur a pe ance nsi C on ov or er rag ete of irem tent he E pl lan f derlo yr any of its employees in 2009, down Response to Health Care Reform Poll?—Employers are uncertain regarding changing benefits in ? Employment-Based Retirement Plan Participation: Geographic Differences and Trends, 2010. have a safety net for survival in the event of disability, retirement, or survivorship, and the opportunity to oo C Chapt hapte er r 37 6 — — I Em nco pl m oym e Stent atis -tB ics as o ed Re f the Pop tiree H ula ea tilon A th Insur ge 55 a ance nd O ver from previous levels (60 percent 1998 and 63 percent 2003), and the same as in 2006. Workers response to health reform, but they are likely to pass along any cost increases to workers. Workers are ? Findings from the 2011 EBRI/MGA Consumer Engagement in Health Care Survey. easily (if not automatically) accumulate savings for a life well above the safety net, and many doing so, Defined Benefit Plans o Chapter 7 — Sources of Income for Persons Age 55 and Over partio c ipaC tihapt ng in a p er 38l— an Me incd riec as ared e Enr to 45 oll ee per s -cent in 2009, up slightly from 2006 (44 percent) but down mostly expecting such cost increases. Employers are evenly split as to whether they will change t ?he num Spend ber -D s on bo own B th c eha an be vior i v n R iewed as qu etirementi.t e positive and successful. ? January 2011 Notes article, ?Self-Reported Benefit Accural Rates of Defined Benefit Plans: An o Chapter 8 — Retirement Annuity and Employment-Based Pension Income fromo 2003 ( Chapt 48 eper r 39 ce — nt Me ). dicare Covered Services health coverage as a result of health reform while workers are split between thinking their benefits analysis of the 2004 and 2007 Survey of Consumer Finances? —The Survey of Consumer Finances o Chapter 40—Medicare Finances ? October 2010 Issue Brief, ?Employment-Based Retirement Plan Participation: Geographic will remain the same or erode. While few workers expect employers to drop coverage after 2014, and U Ear pcoming ly in my N fo ir tes st A jort b i ic n les Wa : shington, D.C. in 1974 the Deputy Attorney General in who’s office I worked 401((k) SC Plans F) mea sures respondents’ self-reported expected benefits from defined benefit (DB) pension o Chapter 41—The Future of Medicare Differences and Trends, 2009? — This Issue Brief closely examines the level of participation by very few employers plan to drop coverage, employers are evenly split between having decided to noted at the end of a meeting that ?where you stand depends on where you sit?. The environement today ? Innovations in Employment-Based Health Benefits.

Volume

Pages

EBRI President’s Letter

Spring 2011