News and perspective on public policy issues affecting Washington's economy and quality of life, brought to you by the Economic Opportunity Institute.
From Public Pensions in Washington State: As of 2008, 31% of all private sector workers participated in a defined contribution (401k-style) retirement plan at their workplace, 3% in pension plans and 12% were enrolled in both. 54% of all private sector workers were not covered under a workplace retirement plan. Pensions guarantee workers a retirement [...]
A recent article in the National Journal titled Golden Years? notes the gap between public and private sector retirement benefits has grown because today’s private sector workers have lost so much ground: In 1985, about four in five workers at medium- and large-sized private firms received a defined-benefit pension, according to federal statistics. Today, less [...]
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