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What's New - September 1997

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BIG DREAMS, Small Savings, Little Planning

Washington, DC¾ September 30, 1997¾ The results of the 1997 Retirement Confidence Survey (RCS) will be released by the Employee Benefit Research Institute (EBRI), the American Savings Education Council (ASEC), and Mathew Greenwald & Associates (MGA),at a breakfast briefing beginning at 9:00 a.m. EDT on Thursday, October 16, at the National Press Club in Washington, DC. The survey is the seventh in an annual series.

Preview of Findings

Americans dream of early retirement, but many have accumulated little savings and most have done even less planning to make that retirement happen. The 1997 RCS will reveal generational and gender differences in how Americans view retirement and how they plan and prepare for retirement. Findings on Americans' attitudes toward Social Security, Medicare, and IRAs and other savings vehicles may have major public policy implications.

  • Are increases in optimism justified or are Americans deluded about retirement?
  • When forced to choose, do American workers and retirees prefer higher Social Security payroll taxes or decreased benefits?
  • Are baby boomers or generation Xers more self-reliant when it comes to saving and planning for retirement?

A call-in telephone number will be available for out-of-state reporters. To listen to the briefing and ask questions, call: 800-289-0436 beginning at 8:45 a.m. EDT.

National Press Building
529 14th Street, NW
Washington, DC 20045
First Amendment Lounge, 13th Floor

8:30 a.m. Continental breakfast
9:00 a.m. Briefing begins

Maureen Richmond

Karen Lubieniecki

(9/29/97) The American Compensation Association provides listings of HR-related bills.

Click here for Senate bills

Click here for House bills

(9/26/97) The following article by John J. McGowan, Jr. was taken from the 9/22/97 issue of RIA's Pension & Benefits Week: "Assessing the Impact of Worker Misclassification on Benefit Plans After Vizcaino v. Microsoft."


Census Bureau News Conference on Income, Poverty and Health Insurance Coverage

Washington, D.C.--The Commerce Department's Census Bureau will hold its annual Income, Poverty and Health Insurance news conference on September 29 at the National Press Club. Daniel Weinberg, chief of the Census Bureau's Housing and Household Economic Statistics Division, will discuss the findings in this year's reports on income, poverty status and health insurance coverage for the nation and the states. The reports come from the March 1997 Current Population Survey. The news conference will be held:

Monday, September 29, 1997
9:30 a.m.

National Press Club
Holeman Lounge
14th and F Streets, N.W.
Washington, D.C. 20045

(9/24/97) Information about EBRI's 1998 Health Confidence Survey is available.

(9/24/97) The 1997 Survey Of Owners Of Non-Qualified Annuity Contracts is available on the Web site of the Committee Of Annuity Insurers.

(9/23/97) The agenda of the EBRI-ERF Policy Forum, "Do Employers/Employees Still Need Employee Benefits? Getting to Yes," to be held December 3, 1997, in Washington, DC has been posted.

(9/23/97) Preliminary results of the 1997 Defined Contribution Ratings Survey of Online Users' is available on the DALBAR Inc. Web site.

(9/22/97) Now available on the Hewitt Associates Web site: "Going Global? Expatriate Outsourcing Can Help."

(9/22/97) Late-breaking news items from the weekly publication Business Insurance are posted every Friday before the Monday issue date.

(9/22/97) Read News Online for the week of September 15, 1997, compiled weekly by the staff of Pensions & Investments.

(9/19/97) EBRI's latest publications are now available. The September Issue Brief, "Medicare on Life Support: Will It Survive?" (EBRI Issue Brief no.189), discusses the history of Medicare and program reforms, including those in the recently enacted Balanced Budget Act of 1997.

The September Notes feature article, "IRAs: It’s a Whole New Ballgame," describes IRAs as they exist under current law and highlights the changes introduced by the Taxpayer Relief Act of 1997 (TRA ’97).

(9/19/97) EBRI has updated its EBRI member lists to include hyperlinks to members' Web sites; the membership levels are:

(9/18/97) "Health Care Up There" by Peter Spencer is a feature article in the September 18, 1997, issue of IntellectualCapital.com.

(9/17/97) The following items were added to the "Recently Issued Reports" page on GAO's World Wide Web site in Portable Document (PDF) format:

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.

(9/16/97) The EBRI Pension Investment Report (first quarter 1997) is available on the EBRI members password protected site.

(9/16/97) Assessing Social Security Reform Alternatives is available fulltext on the EBRI members password protected site under EBRI books.

(9/16/97) The September 15, 1997, New York Times carries the article: "Wage Gap Between Men and Women, Once Narrowing, is Now Widening."

(9/15/97) Issue Bulletin No. 245, September 11, 1997, from the Heritage Foundation, "The Social Security Information Act: Empowering Americans to Plan More Effectively for Retirement" by Gareth Davis is available online.

(9/15/97) Late-breaking news items from the weekly publication Business Insurance are posted every Friday before the Monday issue date.

(9/12/97) HHS Secretary Donna Shalala has released the administration's health information confidentiality recommendations, as required by the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Click here for full text of the recommendations.

The new privacy protections would cover licensed insurance companies, hospital or medical service corporations, health maintenance organizations, employee welfare benefit plans, and public programs such as Medicare, Medicaid, VA, and CHAMPUS.

(9/11/97) The latest edition of "DirectConnection" from Ernst & Young covers health care issues before Congress, changes to the Prospective Payment System, and the health care tax provisions of the Balanced Budget Act. Go to the subheading Direct Connection and choose issue no. 20. This is a pdf file that requires Adobe Acrobat.

(9/11/97) For a summary of the 1997 Tax Relief Act, click here.

(9/10/97) Read News Online for the week of September 8, 1997, compiled weekly by the staff of Pensions & Investments. One item of interest is a projection by Mercer on the maximum salary deferral employees can contribute to 401(k) or 403(b) plans in 1998.

(9/10/97) The September 8, 1997, issue of the Washington Status Report from the research staff of Hewitt Associates updates three issues: IRS Form 5500, the PBGC Top 50 List, and the minimum wage.

(9/8/97) The latest issue of Economic Review from the Federal Reserve Bank of San Francisco includes "A New Look at the Distributional Effects of Economic Growth during the 1980s: A Comparative Study of the United States and Germany" by Mary C. Daly, Amy D. Crews, and Richard V. Burkhauser. The file requires Adobe Acrobat.

(9/8/97) The September, 1997, issue of the Watson Wyatt Insider is available online.

(9/8/97) Late-breaking news items from the weekly publication Business Insurance are posted every Friday before the Monday issue date.

(9/8/97) The Econ Data & Links site provides current economic data and multiple economics links.

(9/5/97) The introduction to "Family Friend or Foe? Working Time, Flexibility, and the Fair Labor Standards Act" by Lonnie Golden is available on the Economic Policy Institute Web site.

(9/5/97) Vanguard's Web site provides the Economic Week In Review: August 25–29, 1997.

(9/5/97) An HR Timeline: A Quick Overview of 75 Years of Key Human Resource Events from the August 1997 issue of Workforce is available online.

(9/4/97) The September 2, 1997, issue of the Washington Status Report from the research staff of Hewitt Associates updates two issues: Medicare and Pennsylvania state taxation of section 125 plans.

(9/4/97) "The Future of Organized Labor" by Gary Burtless, Brookings Senior Fellow, was published in The Christian Science Monitor on August 26, 1997, and is available on the Brookings Institution Web site.

(9/3/97) New PBGC Tools Make Top 50 List Obsolete is the title of the September 3, 1997, Pension Benefit Guaranty Corporation news release.

(9/3/97) Read News Online for the week of September 2, 1997, compiled weekly by the staff of Pensions & Investments.

(9/2/97) Late-breaking news items from the weekly publication Business Insurance are posted every Friday before the Monday issue date.

Updated 9/30/97



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