The rising cost of employer-provided health care over the past decade-and-a-half has led to a spike in the cost of overall benefits packages and coincided with a substantial decline in the money invested in retirement packages.
Between 2001 and 2015, employer health care costs more than doubled, rising from 5.7 percent to 11.5 percent of pay, while the cost of providing total retirement benefits dropped from 9.1 percent to 6.8 percent of pay, according to a study from Willis Towers Watson.
The study marks the categorical shift in how employers invest in overall benefits packages.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
