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A report covering health care plan design and legislative changes                   Volume 51, Number 2


In This Issue



Federal Rule Allows Employers To Cut Health Care Benefits For Older Retirees

Because Section 125 benefits are not subject to FICA or income taxes, cafeteria plans can help employees lower their taxable income, while reducing the payroll and workers compensation tax liabilities of their employers.


Cafeteria Plans Provide Tax Savings And Flexibility

According to White, the average American has saved less than one fifth of the amount needed for a secure retirement, which pension actuaries estimate to be a multiple of 10 to 12 times the worker's final annual salary.


401(k) Reform Needed To Boost Retirement Savings

Instead of relying on automatic enrollment features or trying to bring back traditional pensions, White recommended that U.S. policymakers consider redesigning the 401(k) so that it looks more like its Australian counterpart.


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