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On the fringe: benefit costs continue steep climb.

Publication: Mississippi Business Journal
Publication Date: 27-FEB-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: On the fringe: benefit costs continue steep climb.(As I See It)

Article Excerpt
I started my first business in 1976. As anyone who has left a secure job and jumped into the briar patch of self-employment will attest, it's an enormous decision.

My mother was against my plunge because of the benefits that big companies provided their employees back in those days. Nonetheless, 30 years ago this May, I made the leap to a life of relative independence--and free of employer-paid fringe benefits. There have been good times and bad times, but I wouldn't have had it any other way.

Back in the 1970s, health insurance was less than 50 bucks a month for family coverage, and a majority of big companies offered pension-type retirement plans for their employees. By way of explanation, with a pension, compared to a 401(k), for example, the company assumes responsibility for providing a fixed amount upon the employee's retirement, usually...

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