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The Economics Daily
31 percent of workers in financial activities had access to a defined benefit retirement plan
In March 2024, 15 percent of private industry workers had access to a defined benefit plan. Defined benefit plans provide employees with guaranteed retirement benefits based on plan formulas. Among private industries, financial activities was notable in that 31 percent of workers had access to a defined benefit plan and 16 percent of workers chose to participate. read more »
Monthly Labor Review
ERISA at 50: BLS tracks the evolution of retirement benefits
This article follows the many changes to Bureau of Labor Statistics retirement income studies and shows the challenges of providing statistics on such a varied and frequently evolving topic. read more »
Spotlight on Statistics
Keeping America Moving: Characteristics of the Transportation and Warehousing Industry
National Transportation Week, created in 1962 and celebrated from May 12–18 this year, recognizes those who build and operate our Nation’s transportation systems. Observance of the week sprung from National Defense Transportation Day which dates to 1957, a year after President Dwight D. Eisenhower signed the Federal-Aid Highway Act leading to the creation of the interstate highway system. read more »
Beyond the Numbers
How do retirement plans for private industry and state and local government workers compare?
The National Compensation Survey (NCS) produces two annual publications that provide a rich amount of information on retirement plans. How retirement plans differ between private industry workers and state and local government workers is a major point of interest. What type of plans are offered to workers? Are plan characteristics different or basically the same? read more »