Is Pension Coverage a Problem in the Private Sector?

Source: Alicia H. Munnell and Dina Bleckman, Center for Retirement Research at Boston College (CRR), Issue Brief, IB#14-7, April 2014

The brief’s key findings are:
– Commentators question whether pension coverage is a serious problem, indicating that 80 percent have access to a plan.
– But this number refers to access – not participation – and to full-time workers in both the public and private sectors.
– A review of four household surveys and one employer survey finds that only about half of all private workers (age 25-64) are participating in a plan.
– So, yes, coverage remains a serious problem.