Thursday, August 30, 2007
Tweet[IWS] BLS: EMPLOYEE BENEFITS in PRIVATE INDUSTRY in the U.S., March 2007 [22 August 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
U.S. Department of Labor
U.S. Bureau of Labor Statistics
August 2007
Summary 07-05
National Compensation Survey:
Employee Benefits in Private Industry in the United States, March 2007 [22 August 2007]
http://www.bls.gov/ncs/ebs/sp/ebsm0006.pdf
[full-text, 39 pages]
[excerpt]
Just over one-half of workers in private industry
participated in employer-sponsored retirement and
medical care plans in March 2007. More workers had
access to medical plans (71 percent) than to retirement plans
(61 percent), but workers were more likely to participate in
the latter. Nearly all workers who had access to a defined
benefit retirement plan took advantage of the opportunity to
participate in it. This summary presents information on the
incidence and key provisions of these and other employee
benefit plans by a variety of worker and establishment
characteristics and for various geographic areas.
This summary marks the first release of data on
employee benefits under new industry and occupational
classifications. The 2002 North American Industry
Classification System (NAICS) replaced the 1987 Standard
Industrial Classification (SIC) system, and the 2000
Standard Occupational Classification (SOC) system replaced
the 1990 Occupational Classification System (OCS). Benefit
estimates for additional occupational groups are now
available, replacing the white-collar and blue-collar
groupings. In addition, new imputation procedures were
introduced, resulting in imputed values for missing
information on access and participation for life insurance
and the elimination of not determinable estimates for other
benefits published previously. For more information on the
transition, see the Bureau of Labor Statistics (BLS) Website
www.bls.gov/ncs/ebs/ebsm0005.htm.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
U.S. Department of Labor
U.S. Bureau of Labor Statistics
August 2007
Summary 07-05
National Compensation Survey:
Employee Benefits in Private Industry in the United States, March 2007 [22 August 2007]
http://www.bls.gov/ncs/ebs/sp/ebsm0006.pdf
[full-text, 39 pages]
[excerpt]
Just over one-half of workers in private industry
participated in employer-sponsored retirement and
medical care plans in March 2007. More workers had
access to medical plans (71 percent) than to retirement plans
(61 percent), but workers were more likely to participate in
the latter. Nearly all workers who had access to a defined
benefit retirement plan took advantage of the opportunity to
participate in it. This summary presents information on the
incidence and key provisions of these and other employee
benefit plans by a variety of worker and establishment
characteristics and for various geographic areas.
This summary marks the first release of data on
employee benefits under new industry and occupational
classifications. The 2002 North American Industry
Classification System (NAICS) replaced the 1987 Standard
Industrial Classification (SIC) system, and the 2000
Standard Occupational Classification (SOC) system replaced
the 1990 Occupational Classification System (OCS). Benefit
estimates for additional occupational groups are now
available, replacing the white-collar and blue-collar
groupings. In addition, new imputation procedures were
introduced, resulting in imputed values for missing
information on access and participation for life insurance
and the elimination of not determinable estimates for other
benefits published previously. For more information on the
transition, see the Bureau of Labor Statistics (BLS) Website
www.bls.gov/ncs/ebs/ebsm0005.htm.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 8:45 AM
