Working Americans shouldn't count on their employers to make up for any cuts in Social Security benefits if those cuts are called for as part of a fix for the ailing federal program. That's according to a new survey of approximately 1,300 companies by KPMG Peat Marwick released today. Only 18% of those surveyed said they would make up for any cuts in Social Security benefits, while about 29% said they had not decided what to do. More than 50% said they would not make up those cuts through increased retirement benefits.
``This is a startling message to policy makers,'' said Martha Priddy Patterson, KPMG Peat Marwick director of employee benefits and policy analysis. The decision not to make up for any Social Security shortfall in benefits is gaining ground among companies, she said.