Retirement benefits access and participation rates, March 2009

September 23, 2009

In March 2009, 71 percent of civilian workers had access to retirement benefits plans through their employers; 57 percent of civilian workers participated in such plans.

Retirement benefits: access and participation, civilian workers, March 2009
[Chart data]

The take-up rate—the ratio of the percentage who participated to the percentage with access—was 80 percent.

All retirement benefits plans are categorized as either defined benefit or defined contribution plans.

The proportion of all civilian workers who had access to defined benefit plans was 31 percent, and 29 percent participated, yielding take-up rate of 94 percent.

The proportion of all civilian workers who had access to defined contribution plans was 56 percent, with 39 percent participating; the take-up rate was 69 percent.

These data are from the National Compensation Survey–Benefits program. To learn more, see "National Compensation Survey: Employee Benefits in the United States, March 2009" (HTML) (PDF), September 2009, Bulletin 2731. Take-up rates are the percentage of workers with access to a plan who participate in the plan. They are computed by using the number of workers participating in a plan divided by the number of workers with access to the plan, multiplied by 100.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Retirement benefits access and participation rates, March 2009 on the Internet at http://www.bls.gov/opub/ted/2009/ted_20090923.htm (visited July 01, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.