Seventy-one percent of workers without access to an employer-based retirement
plan believe that employers should be required by law to offer workplace access
to an individual retirement account, according to a study released today.
The study, from Washington-based AARP, found that 79 percent of workers
without workplace access to savings said they would participate in a plan that
regularly deducted savings from their paycheck.
AARP is the lobbying organization that represents 37 million people age 50
and over.
“With the disappearance of traditional pension plans, saving for retirement
today is not the same as it was 20 years ago,” said Tom Nelson, chief operating
officer at AARP, in a statement.
“American workers know they need to save, and we should do all we can to help
them,” he added.
Filed by Lisa Shidler of Investment News, a sister publication of Workforce
Management. To comment, e-mail editors@workforce.com.
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