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While we are looking at stats, here is the most recent report from the
BLS on employee benefits in Private Industry for 2005. They provide
a useful benchmark for comparing your health and other benefit plans with
the National level! The data about the cost of health insurance
coverage is quite compelling!<br><br>
<br>
<pre>Technical
Contact:<x-tab> </x-tab>
USDL: 05-1571
(202) 691-6199 ocltinfo@bls.gov
Media
Contact:<x-tab> </x-tab>
FOR RELEASE: 10:00 A.M. (EDT)
(202) 691-5902
<x-tab> </x-tab>
WEDNESDAY, AUGUST 24, 2005
Internet address:
<a href="http://www.bls.gov/ncs/ect/home.htm" eudora="autourl">
http://www.bls.gov/ncs/ect/home.htm
</a><x-tab> </x-tab><x-tab>
</x-tab><x-tab>
</x-tab><x-tab>
</x-tab>EMPLOYEE BENEFITS
IN PRIVATE INDUSTRY, 2005
Seventy percent of workers in private industry
had access to employer-sponsored medical care plans, and
53 percent participated in medical care plans in March 2005, the Bureau
of Labor Statistics of the U.S.
Department of Labor reported today. Sixty percent of workers had
access to retirement benefits, with 50
percent participating in at least one type of retirement plan.
These findings are from the Summary, "National
Compensation Survey: Employee Benefits in the United States, March
2005," published today. These results
can be found on the BLS Web site
<a href="http://www.bls.gov/ncs/ebs/sp/ebsm0003.pdf" eudora="autourl">
http://www.bls.gov/ncs/ebs/sp/ebsm0003.pdf</a>.
These data are from the National Compensation
Survey (NCS), which provides comprehensive measures
of occupational earnings, compensation cost trends, and details of
benefit provisions. In addition to health and
retirement plans, the survey also covered paid leave, disability
insurance, and other selected benefits. The
following are some of the major findings:
*<x-tab> </x-tab>Most employees
covered by medical care plans were in plans requiring employee
contributions for
both single coverage and family coverage.
Employee contributions to medical care premiums
averaged $273.03 per month for family coverage;
for single coverage, employee contributions
averaged $68.96 per month.
*<x-tab> </x-tab>Employer premiums
for medical care plans averaged $575.77 a month per participant for
family
coverage, for single coverage employer
contributions averaged $252.22 a month. Employer
contributions were higher for those employees
who were not required to contribute than for those who
were.
*<x-tab> </x-tab>Twenty-one percent
of employees participated in defined benefit retirement plans, and 42
percent in
defined contribution plans. (Some employees
participate in both types.)
*<x-tab> </x-tab>Paid leave was the
most commonly provided employee benefit in the private sector: paid
holidays and
vacations were available to 77 percent of
employees. Paid jury duty leave was also common, available
to 69 percent of workers. Forty-eight percent of
the workers had paid military leave benefits.
The release and Summary Report are available by
e-mail request at ocltinfo@bls.gov, by telephone (202)
691-6199, or on the BLS Internet site,
<a href="http://www.bls.gov/ncs/home.htm" eudora="autourl">
http://www.bls.gov/ncs/home.htm</a>. Regional Information offices,
listed
on the Internet site,
<a href="http://www.bls.gov/bls/regncon.htm" eudora="autourl">
http://www.bls.gov/bls/regncon.htm</a>, also are available to answer any
of your questions.
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