The majority of employees would be willing to give up 5% or more of their salary if it meant having reliable income to help them live comfortably during retirement, according to data released today by Bank of America Merrill Lynch.

When asked about the desire for a guaranteed source of income during retirement, 82% of employees said they’d be willing to give up 5% or more of their salary if it meant having a reliable income to help them live comfortably during their later years; 42% said they’d be willing to give up 10% or more of their salary.

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access