Pension Sponsorship and Participation: Summary of Recent Trends
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According to the Census Bureau’s Current Population Survey (CPS), the number of private-sector workers between the ages of 25 and 64 whose employer sponsored a retirement plan fell from 53.3 million in 2003 to 53.1 million in 2004. The number of workers who participated in an employer-sponsored retirement plan fell from 43.5 million in 2003 to 43.3 million in 2004. The percentage of 25 to 64-year-old workers in the private sector who participated in an employer-sponsored retirement plan declined from 46.7% in 2003 to 46.3% in 2004.
worker; employer; participation; Current Population Survey; CPS; private-sector; retirement; year-round; full-time; men; women; Black; Hispanic; earnings; pension; part-time