RMI 3501 Chapter 1: topic 1 Articles
7 Aug 2016
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Plymouth colony settlers" military retirement program in 1636, gallatin glassworks" profit-sharing plan in 1797, american express company"s private employer pension plan in 1875, montgomery ward"s group health life and accidental insurance program in. 1910, and baylor university hospital"s formalized prepaid group hospitalization plan in. 1935: government mandated basic basic retirement income protection under the social security program. 1956: protection for disabled workers and their dependents was added. 1965: health insurance for the elderly and disabled under the medicare program was added. In 2007, 81. 9 million workers (51. 8%) worked for an employer that sponsored a retirement plan. 80. 1% of workers of the 81. 9 million employees participated in an employment-based retirement plan. 33. 6 of married elderly and 35% of unmarried elderly had income from employment based pensions and/or an annuity according to ebri estimates. 161. 1 million employees and self-employed persons and 49. 1 million disabled,elderly,dependents,survivors were receiving benefits.
