The Uncertain Promise of Retiree Health Benefits
An Evaluation of Corporate Obligations

  • Title:

    The Uncertain Promise of Retiree Health Benefits
  • Hardcover ISBN:

    0-8447-7011-6
  • Hardcover Dimensions:

    6'' x 9''
  • 204 Hardcover pages
  • Buy the Book

Click here to view the full text as an Adobe PDF.

Providing health care benefits to retirees and their families poses growing problems for American businesses. Ailing firms cannot provide the benefits promised in better times; retirees find themselves without coverage; and the health care system as a whole suffers from increased strains.

This study estimates the cost of retiree health benefits to American businesses and analyzes the policy issues surrounding them. Looking at proposed accounting standards and current underlying trends, Warshawsky develops a simulation model to calculate future costs for American businesses and examines the legal ramifications surrounding these issues. The volume concludes with a panel discussion of the issues raised by the author.

Mark J. Warshawsky, a senior economist at the Federal Reserve Board, wrote this analysis while a visiting scholar at the American Enterprise Institute.

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About the Author

 

Mark J.
Warshawsky
  • American Enterprise Institute (AEI) adjunct scholar Mark J. Warshawsky is a former director of retirement research at Towers Watson, a global human capital consulting firm, where he oversaw research on employer-sponsored retirement programs, including analysis of retirement plan funding, investments, payments, and plan design. Warshawsky also studies developments in labor markets and retirement trends, compensation, investment products, retirement distribution strategies, financial planning, and health and long-term care insurance. At AEI, his work focuses on retirement policy and long-term care insurance. He is also president of ReLIAS LLC, a retirement solutions design firm.

    Warshawsky was a member of the Social Security Advisory Board from December 2006 to September 2012. He was vice chairman of the federal Commission on Long-Term Care in 2013. From 2004 to 2006, Warshawsky served as assistant secretary for economic policy at the US Department of the Treasury, playing a key role in the development of the Pension Protection Act of 2006. He has also held senior-level positions at the Federal Reserve Board, the Internal Revenue Service, and TIAA-CREF.

    His books include “Retirement Income: Risks and Strategies” (MIT Press, 2012), “Fundamentals of Private Pensions” (coauthor, Ninth Edition, Oxford University Press, 2010), “The Role of Annuity Markets in Financing Retirement” (coauthor, MIT Press, 2001), and “The Uncertain Promise of Retiree Health Benefits: An Evaluation of Corporate Obligations” (AEI Press, 1992).

    Warshawsky has a B.A. from Northwestern University and a Ph.D. in economics from Harvard University.

  • Phone: 202.828.6024
    Email: [email protected]

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