Employees are more satisfied today with their retirement benefits programs than they were five years ago, but employers still have a ways to go before workers will be happy with their health benefits.
That's the word from a Towers Watson survey based on responses from more than 5,000 full-time U.S. employees late last summer. The U.S. figures were a subset of responses from 22,000-plus global workers. Their most recent responses were compared to how employees felt on these questions five years ago.
The survey found that two-thirds of respondents (67%) say they are satisfied with their employer-sponsored retirement plans, including defined benefit and 401(k) plans. That's a jump of 13 percentage points since 2009, with much of the increase concentrated among younger employees and those with DB plans.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
