Pension Sponsorship and Participation: Summary of Recent Trends

Publication Date: September 2008

Publisher: Library of Congress. Congressional Research Service

Author(s):

Research Area: Labor

Type:

Abstract:

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 53.1 million in 2004 to 52.5 million in 2005. The number of workers who participated in an employer-sponsored retirement plan fell from 43.3 million in 2004 to 43.1 million in 2005. The percentage of 25 to 64year-old workers in the private sector who participated in an employer-sponsored retirement plan declined from 46.3% in 2004 to 45.0% in 2005.