Just a little over half of U.S. civilian workers participate in employer-sponsored retirement plans, including both defined benefit and defined contribution plans — but state and local government workers had a far better participation rate than private industry workers.

The Bureau of Labor Statistics said in a report based on the National Compensation Survey for March of 2016 that the participation rate for civilian workers in employer-sponsored retirement plans was 54 percent.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.