The pension coverage problem in the private sector

Munnell, Alicia Haydock, Rebecca Cannon Fraenkel, and Josh Hurwitz. “The pension coverage problem in the private sector”. Issue in Brief 12-16, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, September 2012. http://hdl.handle.net/2345/bc-ir:103935.
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Abstract

The brief's key findings are: (1) Only 42 percent of private sector workers age 25-64 have any type of pension coverage in their current job. (2) This coverage gap creates two types of problems: (2a) than a third of households end up at retirement with only Social Security. (2b) Workers who move in and out of coverage accumulate only modest amounts in their 401(k)s. (3) Simplifying pension plans has not solved the coverage problem. (4) Recently, both federal and state policymakers have put forth proposals to cover the uncovered. (5) But given the low level of Social Security benefits and modest 401(k) balances, any new tier should be universal.

Title
The pension coverage problem in the private sector
Author
Munnell, Alicia Haydock
Fraenkel, Rebecca Cannon
Hurwitz, Josh
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
September 2012
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
12-16
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:103935
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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