NU Online News Service, Dec. 14, 2004, 4:40 p.m. EST
Large U.S. employers are continuing to back away from retiree health benefits.[@@]
Most employers that offered retiree health benefits this year will continue to do so in 2005. But the percentage of employers that are dropping retiree benefits for current retirees will rise to 11% in 2005, up from 8% in 2004, according to researchers at Hewitt Associates Inc., Lincolnshire, Ill., and the Henry J. Kaiser Family Foundation, Menlo Park, Calif.
The researchers based their statistics on survey responses from 333 large commercial employers.