ERIC Number: ED398799
Record Type: RIE
Publication Date: 1994
College and University Employee Retirement and Insurance Benefits Cost Survey.
Teachers Insurance and Annuity Association, New York, NY. College Retirement Equities Fund.
Results of the ninth biennial survey of 585 colleges and universities concerning expenditures for employee retirement and insurance benefits for 1993 are reported. Data are presented primarily in tabular form, with some narrative. A summary of survey highlights is included. Sample findings included: weighted average employer expenditure for benefit plans were 21.4 percent of payroll, the same as the previous year, and with a range of 10 percent to 32 percent; public institutions consistently reported higher percentages of payroll for benefit expenditures than did private institutions; the institutions in the Mid-Atlantic region reported the highest average benefit expenditures; and 580 institutions reported expenditures for pension plans; 92.8 percent of institutions reported expenditures for life insurance plans; and 99.7 percent reported expenditures for health insurance. Data reported in detail addresses: distribution of employer retirement and insurance expenditures by public and private institutions, types of benefit plan expenditures, employer benefit expenditures (by institutional type and control, region, and institutional size), employer expenditures for pension plans, health insurance, and group life insurance plans, employee contributions, retiree contributions for health insurance coverage, and payroll data. Notes on the survey's methodology and response and a copy of the survey questionnaire are also included. (MSE)
Descriptors: College Faculty, Costs, Expenditures, Fringe Benefits, Health Insurance, Higher Education, Institutional Characteristics, Insurance, National Surveys, Questionnaires, Retirement Benefits, School Personnel, School Size, Teacher Retirement
TIAA-CREF, 730 Third Avenue, New York, NY 10017-3206 (Free).
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: Teachers Insurance and Annuity Association, New York, NY. College Retirement Equities Fund.