CRS Report on Pension Sponsorship & Participation
The Congressional Research Service, a "think tank" that provides reports to members of Congress on a variety of topics, recently released a report for Congress on the recent trends in pension sponsorship and participation. This new study revealed some disappointing trends among retirement plans and their participants. According to the study, between 2000 and 2006 the number of private-sector workers between the ages of 25 and 64 who participated in employer-sponsored retirement plans fell from 46 million to 42 million, and the percentage who participated fell from 50.3% to 43.2%. The study reveals numerous other statistics suggesting a further decline in employer sponsored plans and in employee participation. Please click here for a copy of the entire report.