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What's New - March 1997

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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent before seasonal adjustment in February to a level of 159.6 (1982-84=100), the Bureau of Labor Statistics of the U.S. Department of Labor reported. For the 12-month period ended in February, the CPI-U increased 3.0 percent.

(3/26/97) The following benefits-related item can be found on the "Recently Issued Reports" page of the U.S. Government Accounting Office's World Wide Web site: Employment-Based Health Insurance: Costs Increase and Family Coverage Decreases.

If the title link above no longer works, click here for the GAO Index of Reports and Testimony, FY97, and search for the report by entering words or phrases from the title.

(3/24/97) The statement of Paul J. Yakoboski, before the Committee on Ways and Means, U.S. House of Representatives, March 19, 1997, discusses issues of individual retirement accounts (IRAs) and alternative tax-qualified retirement saving plans.

(3/20/97) PBGC Seeks Comments On Benefits Valuation
The Pension Benefit Guaranty Corporation (PBGC) today asked for public comments on whether it should amend its regulation covering the valuation of benefits in terminating pension plans. At the same time, the agency announced the assumptions it will use to calculate the 1997 list of 50 companies with the largest underfunded pension plans.

(3/19/97) Gary Burtless and Barry Bosworth have published a policy brief titled Privatizing Social Security: The Troubling Trade-Offs

(3/19/97) Link to the executive summary of the Profit Sharing/401(k) Council of America's report, Success of Company Stock in Defined Contribution Plans Explained.

(3/11/97) The non-partisan Committee for Economic Development (CED) calls Social Security "vital to the nation" and praises the system for sharply reducing poverty among the elderly in it's report Fixing Social Security.

(3/7/97) EBRI Testimony now available on EBRI's Web site:

1.Testimony of Dallas L. Salisbury, Senate Committee on Finance, March 6, 1997

2.Testimony of Dallas L. Salisbury, The U.S. Senate Special Committee on Aging,
March 6, 1997, Hearing on "Retiring Baby Boomers: Meeting the Challenges"

(3/4/97) For those interested in the CPI adjustment debate, Eric Weinstein, NSF Post-Doctoral Fellow and Instructor in the MIT Mathematics Department, maintains A List of Quotes and Web References to Information on the Consumer Price Index.

(3/4/97) Robert McClelland's Home Page provides links concerning bias in the U.S. CPI.

Last updated 3/27/97



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