About The ABA
The Association of Benefit Administrators (ABA) has its roots in a voluntary association of benefit administrators and fund managers who banded together in the fall of 1959 with a view towards improving their professionalism and serving as a source of information on health, welfare and pension affairs. At the time, members were very enthusiastic about their fledgling ground, with the results that meetings were well-attended and keen individual participation.
Seventeen months later, in mid-March of 1961, twenty-three administrators and fund managers employed by employer benefit plans met and adopted a set of rules and regulations which became the constitution and bylaws of an organization which they christened the Association of Benefit Administrators.
' the exchange of ideas and experience '
During the 1950's, many jointly-administered trust funds were established as employers sought to take advantage of restrictions imposed by the Taft-Hartley Act, as well as wage controls which were invoked following the outbreak of war in Korea. The dramatic increase in the number of these plans proved to be a stimulus for an administrators' and fund managers' organization which provided a forum for the exchange of ideas and experience. In the 1960's, the Association of Benefit Administrators came to realize that trusts in existence prior to enactment of the Taft-Hartley Act (1947) had various problems in common with jointly-administered trusts, and the administrators and fund managers of these plans were urged to join the Association's public employee groups not bound by Taft-Hartley or other federal statutes.
Throughout its history, the ABA has succeeded in drawing attention to the unique skills and wide experience of its members with matters involving workers covered by health, welfare and pension plans. These include every aspect of health care and its delivery mechanisms; especially soaring costs; improvements in pension plan standards and coverage; greater understanding and service to plan participants under Social Security, Medicare and Medicaid; successful operation of dental programs; circulation of information about pricing in drugs and pharmaceuticals; health maintenance organizations; outpatient clinics; preferred health provider groups and many other programs.
The Association conducts luncheon meetings with guest speakers, publishes a newsletter entitled Insights and conducts educational conferences.