A new analysis finds that retirement coverage in the private sector remains a serious problem for plan sponsors and employees despite previously reported high levels of access to retiree options, according to researchers from the Center of Retirement Research at Boston College.
After sifting through cumulous amounts of data, researchers highlight that a big share of private sector workers are not covered by a retirement plan at any given point in time. While 80% of employees have access to retirement benefits, the April Issue in Brief states that many do not participate in these pension options. Realistically, only about half of all private workers, aged between 25 and 64, are actively taking part.
