Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|74% of Employers Exposed to Cadillac Tax by 2022|
Dec. 10, 2015
"Using a 6% rate or 'trend' increase, compounded each year, [the study] found that by 2018, 30% of employers will be subject to the Cadillac tax; by 2020, 50%; and by 2022 the tax will hit 73.79% of employers. 'Many of these employers, even after reducing benefits and premiums, will still not be able to lower their annual costs under the Cadillac tax thresholds,' said Carol Taylor [of UBA] ... 'The Cadillac tax hits those employers with an aging workforce, those with high claims and those in areas with high medical care costs,' she added."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|