Tag: employer-sponsored health insurance
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 halting…
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, California, Illinois, Connecticut, and Maryland. The following details are from a brief summary…
