The vast majority of small business owners (82%) support the concept behind a proposed new retirement plan that would provide their employees with a guaranteed monthly pension benefit for life after they stop working. And 69% say they would be interested in adopting such a retirement plan for their own businesses.
These and other findings in a survey of 500 small business owners were released last week by the National Conference on Public Employee Retirement Systems, which formally launched its Secure Choice Pension proposal in September. The SCP plan, modeled on the public pension system, would allow private-sector employers to provide workers who are not in a pension plan with a guaranteed, lifetime retirement income that would be immune to stock market fluctuations and economic downturns. The national telephone survey was conducted in mid-September.
