A quarter of employees recently surveyed by Towers Watson say retirement programs – particularly defined benefit plans – are keeping them committed to their job, and almost three-fourths of new employees say retirement plans are important motivators to stay.
The survey of more than 3,000 employees, conducted in May and June of 2010, found that 60 percent of new employees (those with less than two years of service) at employers with DB plans cited the retirement program as an important reason they chose to work for their current employer, a sharp increase from just 27 percent in 2009.
And nearly three-fourths (72 percent) of new employees said the retirement program is an important reason they will stay with their employer, up from 51 percent in 2009.
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