Benefits are the second part of an employee's compensation, besides your wages. They can include health care packages, stock options, pensions, and a wide variety of other things that you get from you company at a low or no cost. Because you pay less of the cost, it falls onto your employer to pay for your medical bills, your pension, and the other financial issues that must be taken care of as part of your agreement to work for that company.
One of the biggest problems that many cities and states are having is paying for these programs and benefits as costs skyrocket and tax revenues either remain the same or decrease in this poor economy. This causes governments to borrow, leading to deficits that must eventually be dealt with, which is what we're seeing in states across the country, from our own to Ohio to Wisconsin. Here is an article about this exact problem in San Francisco, and the way that they are remedying the problem, by making the employees pay "much more" for their benefits.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/03/22/BACV1IG6IJ.DTL&feed=rss.news
This is, I fear, the way of the future, and that we will all be paying a significantly higher portion of our income to keep these benefits as the cost of just about everything goes up, and people's paychecks remain roughly the same.
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