The percentage of workers with access to an employer-sponsored retirement plan — 53 percent — underestimates how many actually have such access at various points in their careers, a fact that should be considered as Congress considers retirement reforms, the Investment Company Institute said Thursday. 

"It's well known that about half of America's workers are covered by an employer-sponsored retirement plan, but less is known about who is in that half, and why," said Peter Brady, ICI senior economist. 

"Many more workers will have access to a plan at some point in their career than is indicated by taking a snapshot of coverage at any single point in time," he said. 

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.