Tag: employer-sponsored health insurance
Abstract The rising cost of employer contributions to employee-sponsored health insurance (ESHI) can slow wage growth and erode the Social Security wage base. Both these effects were evident in the decades before 2005, as ESHI increased as a share of compensation. Fortunately, the ratio of ESHI contributions to compensation plateaued after 2005, stabilizing wages and…
Auto-IRAs provide a retirement savings plan to workers who lack an employer plan. Last week in his State of the City address, Mayor de Blasio once again proposed an auto-IRA program for working New Yorkers whose employer does not offer a retirement plan. Many of the plan specifics look very much like those in Oregon,…
