Health care and retirement costs in North America spiralling uncontrollably: What are employers to do?

Niti Pandey, Joseph J. Martocchio

Research output: Contribution to journalArticlepeer-review

Abstract

This article addresses some of the issues related to the rising costs of employee benefits in the United States and Canada in terms of the cost of retirement pensions and employer-provided health insurance for employees and retirees. We examine various factors that affect the cost of these services for organizations as well as how these might affect the choices employers might be forced to make. We elaborate on how various factors might compel employers to shift the cost of benefits to employees. Specifically, we elaborate on various legislative, economic, and demographic constraints on these employee benefits and examine in detail two employer practices of concern, namely cash balance retirement plans and consumer-directed healthcare plans.

Original languageEnglish (US)
Pages (from-to)1515-1533
Number of pages19
JournalInternational Journal of Human Resource Management
Volume19
Issue number8
DOIs
StatePublished - Sep 2 2008

Keywords

  • Canada
  • Health care plans
  • Retirement plans
  • Uncontrollable costs
  • United States

ASJC Scopus subject areas

  • Strategy and Management
  • Organizational Behavior and Human Resource Management
  • Management of Technology and Innovation

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