Three weeks after the U.S. Supreme Court established the right of same-sex couples to marry nationwide, it's unclear how the decision will affect the millions of Americans who have entered domestic partnerships in recent years as well as the companies who offer domestic partnership benefits.
Of 153 companies responding to an online survey by Mercer, a health care advocacy group, 19 percent provided benefits only to employees in same-sex relationships, presumably because those workers couldn't marry. Now that that's no longer an issue, 23 percent of those companies said they plan to drop DP plans in the next year and another 23 percent said they will consider ditching the plans in the next two to three years. Such changes in policy create a significant financial incentive for some couples to tie the knot.
However, most of the surveyed companies offered DP benefits to opposite-sex couples as well. These firms are much less likely to drop plans in light of the court decision, with 62 percent reporting that they are not considering any changes.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.